Three-Unit Residential
For Sale
$259,900
1019 CLAY Street, Green Bay, WI 54302
Three-unit triplex offered in as-is condition, built in 1950.
Property Size1,732 SF
Price / SF$150.06
Days on Market62
Property Features for 1019 CLAY Street
General Information
Standard status
Active
Size
1,732 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$4,790
Building Details
Building Size
1,732 SF
Year Built
1950
Listing Agency:
Smart Move Realty, LLC
Listed By:
Jan L. Kraetsch · License #91-700346
(715) 581-1965
Source:
C21ace
Added: Jul 24
Changed: Sep 12
Last Checked: Sep 22 at 9:50PM
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 Smart Move Realty, LLC
Investment Insights
Based on property information with market context.
This three-unit residential triplex is offered for sale in as-is condition. The property contains three units within a single complex and includes a total building size of 1,732 SF. Built in 1950, the asset offers investors and owner-occupants a straightforward multi-unit residential format.
The property is located at 1019 Clay Street in Green Bay, Wisconsin.
The property is located at 1019 Clay Street in Green Bay, Wisconsin.
Key Highlights
- Three‑unit residential triplex
- Offered in as‑is condition
- 1,732 SF building size
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
$15,123
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
5.82%
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%
$302,460
$302.5K
Cap Rate 7%
$216,043
$216.0K
Cap Rate 9%
$168,033
$168.0K
Market Conditions
NOI Build-Up for 1,732 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
$22.9K $13.20/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$21.6K $12.47/SF
− OpEx
−$6.5K −$3.74/SF
NOI
$15.1K $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%
$302,460
Cap Rate 7%
$216,043
Cap Rate 9%
$168,033
Alternative Uses
Best Use
Multifamily LT 5
$216.0K
$189.0K – $252.1K
NOI $15,123 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$201.3K
$176.1K – $234.8K
NOI $14,088 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$403.8K
$353.3K – $471.1K
NOI $28,266 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
482
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex offered in as-is condition, built in 1950.
Where is this triplex located?
The property is located at 1019 CLAY 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: Three‑unit residential triplex; Offered in as‑is condition; 1,732 SF building size
