Spacious Duplex with Separate
For Sale
$289,900
Pending
919 Bismarck Avenue, Oshkosh, WI 54902
South-side duplex offers independent utilities, oversized rooms with storage, and a spacious basement with laundry facilities.
Property Size2,436 SF
Days on Market159
Property Features for 919 Bismarck Avenue
General Information
Standard status
Pending
Size
2,436 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,967
Amenities
2
Natural Gas
Full
1
Poured Concrete
2 Story,2 Up and Down
Brick,Pressboard
Not Applicable
Building Details
Year Built
1976
Buildings
1
Listing Agency:
First Weber Oshkosh
Listed By:
Wendy Hielsberg · License #94-88709
(920) 379-6573
Source:
Compass
Added: Mar 31
Changed: Aug 8
Last Checked: Jul 24 at 1:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Weber Oshkosh
Investment Insights
Based on property information with market context.
This spacious duplex is positioned on the south side and includes independent utilities for each unit. The property also features oversized rooms with ample storage throughout and a spacious basement equipped with laundry facilities. A separate garage provides additional off-street parking.
The seller indicates this is an opportunity for either investment or owner occupancy. Offers will be reviewed Thursday, April 9.
Overall, the layout is designed to accommodate comfortable living with practical storage and laundry space, along with separate parking supported by the detached garage.
The seller indicates this is an opportunity for either investment or owner occupancy. Offers will be reviewed Thursday, April 9.
Overall, the layout is designed to accommodate comfortable living with practical storage and laundry space, along with separate parking supported by the detached garage.
Key Highlights
- South‑side spacious duplex built in 1976 with 2‑story, 2 up and down building style
- Independent utilities for each unit
- Spacious basement with laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,436
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$328,720
$328.7K
Cap Rate 7%
$234,800
$234.8K
Cap Rate 9%
$182,622
$182.6K
Market Conditions
NOI Build-Up for 2,436 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.8K $10.20/SF
− Vacancy
−$1.4K −$0.56/SF
EGI
$23.5K $9.64/SF
− OpEx
−$7.0K −$2.89/SF
NOI
$16.4K $6.75/SF
Area
Winnebago County, WI
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$328,720
Cap Rate 7%
$234,800
Cap Rate 9%
$182,622
Alternative Uses
Best Use
Multifamily LT 5
$234.8K
$205.5K – $273.9K
NOI $16,436 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$211.7K
$185.2K – $246.9K
NOI $14,816 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$525.8K
$460.1K – $613.4K
NOI $36,804 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Explore this area
Business Placement
Demographics for 54902, WI
22,309
Population
10,800
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
94%
High-School Grad
35.0 sq mi
ZIP Area
637
Density / Sq Mi
$64,548
Median Household Income
$41,592
Median Earnings
$859
Median Rent
$163,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - South-side duplex offers independent utilities, oversized rooms with storage, and a spacious basement with laundry facilities.
Where is this duplex located?
The property is located at 919 Bismarck Avenue Oshkosh, WI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: South‑side spacious duplex built in 1976 with 2‑story, 2 up and down building style; Independent utilities for each unit; Spacious basement with laundry facilities
