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Two-Unit Duplex Investment Property

855 ELMORE Street Green Bay, WI 54303

New
855 ELMORE Street, Green Bay, WI, 54303
$259,900
For Sale
Claim this Listing
$259,900

MULTI_FAMILY - GREEN BAY, WI

Property Size2,342 SF
Lot Size0.26 Acres
Price / SF$110.97
AddedJul 15
Days on Market1
Last RefreshJul 15 at 6:06 pm

Property Features for 855 ELMORE Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
2 Family/Duplex
Parking
2
Standard status
Active
APN
5-1426
Size
2,342 SF
Lot size
0.26 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
3739

Utilities

Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public

Building Details

Year built
1900
Number of units
2
Building materials
Vinyl Siding

Listing agent Laurie A. Martinez

Listing office Resource One Realty, LLC 1740 E Matthew Dr., De Pere, WI

Listing date Jul 15, 2026

MLS# 50329153 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 two-unit duplex is zoned for 2 family/duplex use and offers separate private entrances for the main floor and upper unit. The main floor includes a large enclosed front porch, and the upper unit features a front balcony. Both units provide individual living space with original character. A shared coin-operated washer and dryer is located in the basement.

The property sits on a deep lot and includes a 2-stall garage with one stall assigned to each unit. A long driveway provides additional off-street parking. The duplex is located in Green Bay, near downtown and within reach of schools, parks, shopping, and restaurants.

For sale as a residential income property, with both units currently rented.

Key Highlights

  • Fully rented upper/lower duplex generating $2,500/month in rental income
  • Tenants pay most utilities, helping keep owner expenses low
  • Each unit has its own private entrance; main floor includes a large enclosed front porch and upper unit has a front balcony

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 $30.9k $13.20
− Vacancy −$1.7k −$0.73
EGI $29.2k $12.47
− OpEx −$8.8k −$3.74
NOI $20.4k $8.73
2,342 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$292.1K
$255.6K – $340.8K (±1% cap)
NOI $20,450 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$272.1K
$238.1K – $317.5K (±1% cap)
NOI $19,049 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$546.0K
$477.8K – $637.0K (±1% cap)
NOI $38,221 @ 7.0% cap · market cap 14.71%
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

Computer & Electronic Repair Electrical Service Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store Nail Salon (Bike/Boat/Book/etc) Store Tech Support Center (Bike/Boat/Book/etc) Store HVAC Service

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

FAQs

What type of property is this?
Duplex - Two-family duplex with separate private entrances, enclosed front porch and front balcony, plus a shared basement laundry area.
Where is this duplex located?
The property is located at 855 ELMORE Street Green Bay, WI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Fully rented upper/lower duplex generating $2,500/month in rental income; Tenants pay most utilities, helping keep owner expenses low; Each unit has its own private entrance; main floor includes a large enclosed front porch and upper unit has a front balcony
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