Recently Renovated
For Sale
$229,900
925 Minnesota Street, Oshkosh, WI 54902
Turn-key duplex recently renovated with a large driveway, ample parking, and an on-site shed.
Property Size2,616 SF
Price / SF$87.88
Days on Market180
Property Features for 925 Minnesota Street
General Information
Standard status
Active
Size
2,616 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,173
Amenities
shed
Forced Air
2
Natural Gas
Full
Stone
2 Story,2 Up and Down
Vinyl Siding
1st Floor Bedroom,1st Floor Full Bath,Level Drive,Level Lot,Low Pile Carpeting
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Design Realty
(920) 819-2158
Listed By:
Jessica A Janssen · License #90-58008
(920) 819-2158
Source:
Compass
Added: Feb 14
Changed: Aug 8
Last Checked: Jul 22 at 4:15PM
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 Design Realty
Investment Insights
Based on property information with market context.
This recently renovated, turn-key duplex is ready for occupancy with updated condition throughout. The property includes a large driveway that provides ample parking, plus a shed for lawn and snow equipment storage.
Market rent is indicated at approximately $2,500+ when both units are rented. The duplex is offered for sale as a residential income property.
The offering is structured as a duplex configuration, with the home positioned to support convenient day-to-day access and practical outdoor storage.
Market rent is indicated at approximately $2,500+ when both units are rented. The duplex is offered for sale as a residential income property.
The offering is structured as a duplex configuration, with the home positioned to support convenient day-to-day access and practical outdoor storage.
Key Highlights
- Recently renovated duplex built in 1920 with a 2‑story (2 up and down) layout
- Large driveway with plenty of parking plus an on‑site shed
- Heating: forced air with natural gas; 2 furnaces for the duplex
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
$17,651
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
7.68%
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%
$353,020
$353.0K
Cap Rate 7%
$252,157
$252.2K
Cap Rate 9%
$196,122
$196.1K
Market Conditions
NOI Build-Up for 2,616 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
$26.7K $10.20/SF
− Vacancy
−$1.5K −$0.56/SF
EGI
$25.2K $9.64/SF
− OpEx
−$7.6K −$2.89/SF
NOI
$17.7K $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%
$353,020
Cap Rate 7%
$252,157
Cap Rate 9%
$196,122
Alternative Uses
Best Use
Multifamily LT 5
$252.2K
$220.6K – $294.2K
NOI $17,651 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$227.3K
$198.9K – $265.2K
NOI $15,910 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$564.6K
$494.1K – $658.7K
NOI $39,524 @ 7.0% cap · market cap 17.19%
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
173
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 - Turn-key duplex recently renovated with a large driveway, ample parking, and an on-site shed.
Where is this duplex located?
The property is located at 925 Minnesota Street Oshkosh, WI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Recently renovated duplex built in 1920 with a 2‑story (2 up and down) layout; Large driveway with plenty of parking plus an on‑site shed; Heating: forced air with natural gas; 2 furnaces for the duplex
