Side-by-Side Duplex with
For Sale
$349,900
1124 Jaymar Street, Green Bay, WI 54313
Two attached residences offer separate living spaces, lower-level utility areas, and access to a fenced backyard.
Property Size2,082 SF
Price / SF$168.06
Days on Market211
Property Features for 1124 Jaymar Street
General Information
Standard status
Active
Size
2,082 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,337
Amenities
Forced Air
2
Natural Gas
Finished Contiguous,Full,Sump Pump
Poured Concrete
1 Story,2 side by side
Vinyl Siding
1st Floor Bedroom,1st Floor Full Bath
Building Details
Year Built
1979
Buildings
1
Listing Agency:
Coldwell Banker Real Estate Group
(920) 621-1103
Listed By:
Michael J Rabideau · License #94-26597
(920) 621-1103
Source:
Compass
Added: Feb 2
Changed: Aug 30
Last Checked: Aug 30 at 7:48PM
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 Coldwell Banker Real Estate Group
Investment Insights
Based on property information with market context.
This one-story side-by-side duplex contains 2,082 square feet and was built in 1979. Each residence includes a full lower level with some finished space, laundry hookups, full egress windows, forced-air heat, natural gas service, a first-floor bedroom, and a first-floor full bathroom. The property also provides a 1.5-car attached garage, patio-door access, vinyl siding, and a fenced backyard.
Recent improvements include new shingles installed in 7/22. Unit 1124 has a new furnace from 6/25, a new water heater from 6/24, and a dishwasher added in 2/22. Unit 1126 features a new furnace from 6/25, a new water heater, new vinyl plank flooring throughout from 5/25, and a third bedroom. The property is zoned 2 Family/Duplex and is located in the Howard neighborhood near schools, parks, and shopping.
Recent improvements include new shingles installed in 7/22. Unit 1124 has a new furnace from 6/25, a new water heater from 6/24, and a dishwasher added in 2/22. Unit 1126 features a new furnace from 6/25, a new water heater, new vinyl plank flooring throughout from 5/25, and a third bedroom. The property is zoned 2 Family/Duplex and is located in the Howard neighborhood near schools, parks, and shopping.
Key Highlights
- 2,082‑square‑foot side‑by‑side duplex built in 1979
- Zoned 2 Family/Duplex
- Two full lower levels with some finished space, laundry hookups, and full egress windows
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
$18,180
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
5.20%
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%
$363,600
$363.6K
Cap Rate 7%
$259,714
$259.7K
Cap Rate 9%
$202,000
$202.0K
Market Conditions
NOI Build-Up for 2,082 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
$27.5K $13.20/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$26.0K $12.47/SF
− OpEx
−$7.8K −$3.74/SF
NOI
$18.2K $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%
$363,600
Cap Rate 7%
$259,714
Cap Rate 9%
$202,000
Alternative Uses
Best Use
Multifamily LT 5
$259.7K
$227.3K – $303.0K
NOI $18,180 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$241.9K
$211.7K – $282.3K
NOI $16,935 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$485.4K
$424.7K – $566.3K
NOI $33,978 @ 7.0% cap · market cap 9.71%
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
213
Businesses Nearby
Explore this area
Business Placement
Demographics for 54313, WI
39,911
Population
16,162
Households
2.5
Avg Household Size
43
Median Age
43%
College-Educated
97%
High-School Grad
56.5 sq mi
ZIP Area
706
Density / Sq Mi
$108,410
Median Household Income
$55,255
Median Earnings
$1,088
Median Rent
$294,300
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 attached residences offer separate living spaces, lower-level utility areas, and access to a fenced backyard.
Where is this duplex located?
The property is located at 1124 Jaymar Street Green Bay, WI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,082‑square‑foot side‑by‑side duplex built in 1979; Zoned 2 Family/Duplex; Two full lower levels with some finished space, laundry hookups, and full egress windows
