Updated 8-Unit Apartment
For Sale
$649,900
113 S MONROE Avenue, Green Bay, WI 54301
The property offers an even mix of studio and one-bedroom apartments in a downtown Green Bay setting.
Property Size3,844 SF
Price / SF$169.07
Days on Market8
Property Features for 113 S MONROE Avenue
General Information
Standard status
Active
Size
3,844 SF
Property subtype
Multi Family
Units
Unit Mix
4 x studio, 4 x 1BR
Multifamily Units
8
Additional Details
Gross Income
$60,780
Taxes and HOA fees
Annual Taxes
$5,839
Building Details
Building Size
3,844 SF
Year Built
1918
Buildings
1
Listing Agency:
Ruesch Realty
Listed By:
Logan M. Rainville · License #91-939018
(715) 536-9444
Source:
C21ace
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 13 at 2:35AM
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 Ruesch Realty
Investment Insights
Based on property information with market context.
This 8-unit apartment building contains four studios and four one-bedroom apartments. The building dates to 1918 and has 3,844 square feet. Updates have been completed in all units, with additional improvements made elsewhere in the property.
At 113 S Monroe Avenue in downtown Green Bay, the property is positioned near restaurants, entertainment, employment, and other amenities. Unit 8 is vacant and available for viewing; showings of occupied apartments require 24 hours’ notice.
At 113 S Monroe Avenue in downtown Green Bay, the property is positioned near restaurants, entertainment, employment, and other amenities. Unit 8 is vacant and available for viewing; showings of occupied apartments require 24 hours’ notice.
Key Highlights
- Eight apartments: four studios and four one‑bedroom units
- 3,844 square feet; built in 1918
- All apartments have been updated, with further improvements throughout the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,266
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,320
$625.3K
Cap Rate 7%
$446,657
$446.7K
Cap Rate 9%
$347,400
$347.4K
Market Conditions
NOI Build-Up for 3,844 SF
Gross rent
$60.0K $15.60/SF
− Vacancy
−$3.1K −$0.81/SF
EGI
$56.8K $14.79/SF
− OpEx
−$25.6K −$6.65/SF
NOI
$31.3K $8.13/SF
Area
Green Bay, WI
Vacancy
5.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,320
Cap Rate 7%
$446,657
Cap Rate 9%
$347,400
Alternative Uses
Best Use
Apartment 5plus
$446.7K
$390.8K – $521.1K
NOI $31,266 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$896.2K
$784.2K – $1.05M
NOI $62,734 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,798
Businesses Nearby
Explore this area
Business Placement
Demographics for 54301, WI
22,875
Population
10,532
Households
2.2
Avg Household Size
39
Median Age
38%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
3,519
Density / Sq Mi
$76,768
Median Household Income
$45,717
Median Earnings
$929
Median Rent
$205,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - The property offers an even mix of studio and one-bedroom apartments in a downtown Green Bay setting.
Where is this apartment building located?
The property is located at 113 S MONROE Avenue Green Bay, WI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Eight apartments: four studios and four one‑bedroom units; 3,844 square feet; built in 1918; All apartments have been updated, with further improvements throughout the building
