Duplex With Large
For Sale
$175,000
922 Merritt Ave, Oshkosh, WI 54901
Two-unit property featuring built-in storage, wood flooring, and a month-to-month upper-unit tenancy.
Property Size2,121 SF
Price / SF$82.51
Days on Market52
Property Features for 922 Merritt Ave
General Information
Standard status
Active
Size
2,121 SF
Property subtype
Multi-Family
Building Details
Year Built
1907
Listing Agency:
Renard Realty
Listed By:
Shane Renard - Principal Broker Owner · License #9057962
(920) 606-4436
Source:
Renardrealtygroup
Added: Aug 26
Changed: Sep 15
Last Checked: Oct 14 at 10:50PM
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 Renard Realty
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Investment Insights
Based on property information with market context.
This 1907 duplex offers 2,121 square feet across two residential units. Interior features include built-in storage, character woodwork, wood flooring, and abundant natural light. The main unit includes a pantry, while the property also provides a large sitting porch.
The upper unit is occupied on a month-to-month rental arrangement. The configuration supports either an owner-occupant structure or continued use as a two-unit residential property.
The upper unit is occupied on a month-to-month rental arrangement. The configuration supports either an owner-occupant structure or continued use as a two-unit residential property.
Key Highlights
- 2,121‑square‑foot duplex
- Built in 1907
- Upper unit rented month to month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,311
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,220
$286.2K
Cap Rate 7%
$204,443
$204.4K
Cap Rate 9%
$159,011
$159.0K
Market Conditions
NOI Build-Up for 2,121 SF
Gross rent
$21.6K $10.20/SF
− Vacancy
−$1.2K −$0.56/SF
EGI
$20.4K $9.64/SF
− OpEx
−$6.1K −$2.89/SF
NOI
$14.3K $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 Rate 5%
$286,220
Cap Rate 7%
$204,443
Cap Rate 9%
$159,011
Alternative Uses
Best Use
Multifamily LT 5
$204.4K
$178.9K – $238.5K
NOI $14,311 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$184.3K
$161.3K – $215.0K
NOI $12,900 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$457.8K
$400.6K – $534.1K
NOI $32,045 @ 7.0% cap · market cap 18.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 54901, WI
37,594
Population
15,381
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
92%
High-School Grad
16.6 sq mi
ZIP Area
2,265
Density / Sq Mi
$61,734
Median Household Income
$31,289
Median Earnings
$932
Median Rent
$164,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property featuring built-in storage, wood flooring, and a month-to-month upper-unit tenancy.
Where is this duplex located?
The property is located at 922 Merritt Ave Oshkosh, WI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 2,121‑square‑foot duplex; Built in 1907; Upper unit rented month to month
