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    Well-Maintained Duplex in Green Bay

    202 IRENE Street Green Bay, WI 54302

    202 IRENE Street, Green Bay, WI, 54302
    $189,900
    For Sale
    Claim this Listing
    $189,900

    MULTI_FAMILY - GREEN BAY, WI

    Property Size1,596 SF
    Lot Size0.24 Acres
    Price / SF$118.98
    AddedMar 23
    Days on Market115
    Last RefreshJul 15 at 8:06 pm

    Property Features for 202 IRENE Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    21-2326-1
    Size
    1,596 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2661

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1942
    Number of units
    2
    Building materials
    Vinyl Siding

    Listing agent Zaid E. Jazrawi License #9485740

    Listing office EXP Realty LLC 4321 W College Ave, Suite 200, Middleton, WI

    Listing date Mar 23, 2026

    MLS# 50322676 Listing URL

    Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This well-maintained duplex offers flexibility and income potential. The property features two separate units, a common area, well-sized bedrooms, ample storage space, a manageable yard, and parking space. The upper unit contains two bedrooms, one bath, and a kitchen, while the lower unit has one bedroom, one bathroom, and a kitchen. The property is located 10 minutes from downtown, providing easy access to schools, parks, shopping, dining, and public transportation. The property size is 1596 square feet and the lot size is 0.24 acres.

    Key Highlights

    • Income potential as a well‑maintained duplex with two separate units
    • Convenient location: 10 minutes from downtown with easy access to schools, parks, shopping, dining, and public transportation
    • Two units: Upper unit (2 bedrooms, 1 bath, kitchen) and lower unit (1 bedroom, 1 bath, kitchen)

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $21.1k $13.20
    − Vacancy −$1.2k −$0.73
    EGI $19.9k $12.47
    − OpEx −$6.0k −$3.74
    NOI $13.9k $8.73
    1,596 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $199.1K
    $174.2K – $232.3K (±1% cap)
    NOI $13,936 @ 7.0% cap · market cap 7.34%
    Second Best
    Apartment 5plus
    $185.5K
    $162.3K – $216.4K (±1% cap)
    NOI $12,982 @ 7.0% cap · market cap 6.84%
    Theoretical Best
    Office A
    $372.1K
    $325.6K – $434.1K (±1% cap)
    NOI $26,047 @ 7.0% cap · market cap 13.72%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Daycare Center Gym & Fitness Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Catering Service Acupuncture Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Duplex with income potential, near downtown Green Bay.
    Where is this duplex located?
    The property is located at 202 IRENE Street Green Bay, WI.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: Income potential as a well‑maintained duplex with two separate units; Convenient location: 10 minutes from downtown with easy access to schools, parks, shopping, dining, and public transportation; Two units: Upper unit (2 bedrooms, 1 bath, kitchen) and lower unit (1 bedroom, 1 bath, kitchen)
    Contact an agent
    (312) 399-5659
    We can help!
    Contact an agent
    Zaid E. Jazrawi
    Real Estate License ID: 9485740
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