Renovated Duplex on Corner
For Sale
$329,900
2255 DEER Trail, Green Bay, WI 54302
Residential Income, GREEN BAY, WI
Property Size1,740 SF
Lot Size0.27 Acres
Price / SF$189.60
Days on Market24
Property Features for 2255 DEER Trail
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
2 Family/Duplex
Parking
2
Lot features
Corner Lot
Elementary school district
Green Bay Area
Middle school district
Green Bay Area
High school district
Green Bay Area
Directions
Danz Ave to Deer Trail
Standard status
Active
APN
21368401
Size
1,740 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4191
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1974
Number of units
2
Building materials
Aluminum Siding, Brick
Listing Agency:
Resource One Realty, LLC
(920) 983-5450
Listed By:
James D. Depas · License #91700983
(920) 536-0125
Added: Jul 30
Changed: Aug 21
Last Checked: Aug 22 at 9:06AM
MLS# 50330176
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 1974 duplex contains 1,740 square feet on a 0.27-acre corner parcel in Green Bay. The 2255 unit includes a remodeled kitchen, refreshed bathroom, and new flooring. The 2257 unit was owner-occupied for an extended period and needs limited cosmetic work, including paint and bedroom carpeting, before occupancy. Both sides benefit from newer windows, central air, forced-air heat, and a poured foundation.
The property is served by public water and public sewer and includes abundant on-site parking. Its 2 Family/Duplex zoning supports the existing two-unit configuration. The home is located near Baird's Creek, schools, and shopping, with access from Deer Trail.
The property is served by public water and public sewer and includes abundant on-site parking. Its 2 Family/Duplex zoning supports the existing two-unit configuration. The home is located near Baird's Creek, schools, and shopping, with access from Deer Trail.
Key Highlights
- 1,740‑square‑foot duplex on a 0.27‑acre corner lot
- 2255 unit features a remodeled kitchen, updated bathroom, and new flooring
- 2257 unit requires paint and bedroom carpet updates
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
$15,193
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
4.61%
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%
$303,860
$303.9K
Cap Rate 7%
$217,043
$217.0K
Cap Rate 9%
$168,811
$168.8K
Market Conditions
NOI Build-Up for 1,740 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
$23.0K $13.20/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$21.7K $12.47/SF
− OpEx
−$6.5K −$3.74/SF
NOI
$15.2K $8.73/SF
Area
Green Bay, WI
Vacancy
5.50%
Lease Rate
$13.20 /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%
$303,860
Cap Rate 7%
$217,043
Cap Rate 9%
$168,811
Alternative Uses
Best Use
Multifamily LT 5
$217.0K
$189.9K – $253.2K
NOI $15,193 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$202.2K
$176.9K – $235.9K
NOI $14,153 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$405.7K
$355.0K – $473.3K
NOI $28,397 @ 7.0% cap · market cap 8.61%
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
77
Businesses Nearby
Explore this area
Business Placement
Demographics for 54302, WI
31,327
Population
13,390
Households
2.3
Avg Household Size
34
Median Age
19%
College-Educated
81%
High-School Grad
9.2 sq mi
ZIP Area
3,405
Density / Sq Mi
$55,772
Median Household Income
$37,257
Median Earnings
$881
Median Rent
$164,500
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 - Two-family property with public utilities, central air, and forced-air heating.
Where is this duplex located?
The property is located at 2255 DEER Trail Green Bay, WI.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 1,740‑square‑foot duplex on a 0.27‑acre corner lot; 2255 unit features a remodeled kitchen, updated bathroom, and new flooring; 2257 unit requires paint and bedroom carpet updates
