Two-Unit Duplex
For Sale
$179,900
937 North Sawyer Street, Oshkosh, WI 54902
Duplex with a two-bedroom unit and a one-bedroom unit, with utilities separated per unit.
Property Size1,536 SF
Price / SF$117.12
Days on Market182
Property Features for 937 North Sawyer Street
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
Multi-Family(4Units)
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,387
Amenities
Forced Air
2
Natural Gas
Stone
1.5 Story,2 Up and Down
Vinyl Siding
1st Floor Bedroom,1st Floor Full Bath
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Adashun Jones, Inc.
(920) 235-0095
Listed By:
Maigon L Modene · License #90-58522
(920) 235-0095
Source:
Compass
Added: Feb 12
Changed: Aug 8
Last Checked: Jul 23 at 4:40AM
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 Adashun Jones, Inc.
Investment Insights
Based on property information with market context.
This duplex offers two separate residential units with distinct layouts, including a spacious two-bedroom unit on the main level and a one-bedroom unit upstairs. All utilities are separated per unit, supporting independent operations.
The property is listed for sale as an owner-occupant or investment opportunity. Please allow 24 hours notice for showings for the upper unit.
With both units currently configured for separate living, the building can support flexible occupancy, while maintaining an income-generating second unit.
The property is listed for sale as an owner-occupant or investment opportunity. Please allow 24 hours notice for showings for the upper unit.
With both units currently configured for separate living, the building can support flexible occupancy, while maintaining an income-generating second unit.
Key Highlights
- Duplex layout with a 2‑bedroom unit on the main level and a 1‑bedroom unit upstairs
- Utilities are separated per unit
- Two natural gas forced‑air furnaces and two water heaters
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
$10,364
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
5.76%
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%
$207,280
$207.3K
Cap Rate 7%
$148,057
$148.1K
Cap Rate 9%
$115,156
$115.2K
Market Conditions
NOI Build-Up for 1,536 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
$15.7K $10.20/SF
− Vacancy
−$862 −$0.56/SF
EGI
$14.8K $9.64/SF
− OpEx
−$4.4K −$2.89/SF
NOI
$10.4K $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%
$207,280
Cap Rate 7%
$148,057
Cap Rate 9%
$115,156
Alternative Uses
Best Use
Multifamily LT 5
$148.1K
$129.6K – $172.7K
NOI $10,364 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$133.5K
$116.8K – $155.7K
NOI $9,342 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$331.5K
$290.1K – $386.8K
NOI $23,207 @ 7.0% cap · market cap 12.90%
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
265
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 - Duplex with a two-bedroom unit and a one-bedroom unit, with utilities separated per unit.
Where is this duplex located?
The property is located at 937 North Sawyer Street Oshkosh, WI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Duplex layout with a 2‑bedroom unit on the main level and a 1‑bedroom unit upstairs; Utilities are separated per unit; Two natural gas forced‑air furnaces and two water heaters
