Duplex with 4-Car
New
For Sale
$140,000
1184 SHAWANO Avenue, Green Bay, WI 54303
Residential Income, GREEN BAY, WI
Property Size1,400 SF
Lot Size0.21 Acres
Price / SF$100
Days on Market5
Property Features for 1184 SHAWANO Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
2 Family/Duplex
Parking
4
Lot features
Near Bus Line, Sidewalk
Elementary school district
Green Bay Area
Middle school district
Green Bay Area
High school district
Green Bay Area
Directions
From downtown Green Bay, take Walnut Street west across the Fox River. Continue straight as Walnut Street becomes Shawano Avenue. Follow Shawano Ave
Standard status
Active
APN
3-1055
Size
1,400 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1995
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1933
Number of units
2
Building materials
Aluminum Siding
Listing Agency:
Keller Williams Fox Cities · Keller Williams Realty
(920) 903-9031
Listed By:
Dan A. Frost · License #9054110
(920) 419-2580
Added: Sep 23
Changed: Sep 27
Last Checked: Sep 27 at 12:06PM
MLS# 50333113
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 upper-and-lower duplex contains 1,400 square feet and was built in 1933. The property has aluminum siding, forced-air heating, public water, and public sewer. Interior improvements are needed, and the existing water heater requires replacement; a new unit is stored in the garage.
The 0.21-acre parcel includes a large yard and a detached tandem 4-car garage. Located at 1184 Shawano Avenue in Green Bay, the property is zoned 2 Family/Duplex and is identified as a duplex within Brown County, Wisconsin. The configuration and existing improvements provide a defined starting point for a renovation-focused rental property project.
The 0.21-acre parcel includes a large yard and a detached tandem 4-car garage. Located at 1184 Shawano Avenue in Green Bay, the property is zoned 2 Family/Duplex and is identified as a duplex within Brown County, Wisconsin. The configuration and existing improvements provide a defined starting point for a renovation-focused rental property project.
Key Highlights
- Upper‑and‑lower duplex totaling 1,400 square feet
- Detached tandem 4‑car garage
- 0.21‑acre lot with a large yard
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
$12,225
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
8.73%
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%
$244,500
$244.5K
Cap Rate 7%
$174,643
$174.6K
Cap Rate 9%
$135,833
$135.8K
Market Conditions
NOI Build-Up for 1,400 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
$18.5K $13.20/SF
− Vacancy
−$1.0K −$0.73/SF
EGI
$17.5K $12.47/SF
− OpEx
−$5.2K −$3.74/SF
NOI
$12.2K $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%
$244,500
Cap Rate 7%
$174,643
Cap Rate 9%
$135,833
Alternative Uses
Best Use
Multifamily LT 5
$174.6K
$152.8K – $203.8K
NOI $12,225 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$162.7K
$142.3K – $189.8K
NOI $11,387 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$326.4K
$285.6K – $380.8K
NOI $22,848 @ 7.0% cap · market cap 16.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 54303, WI
27,478
Population
13,088
Households
2.1
Avg Household Size
36
Median Age
18%
College-Educated
91%
High-School Grad
11.5 sq mi
ZIP Area
2,389
Density / Sq Mi
$58,110
Median Household Income
$38,983
Median Earnings
$859
Median Rent
$160,100
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?
Duplex - Upper-and-lower rental layout with renovation needs, aluminum siding, and a detached tandem garage.
Where is this duplex located?
The property is located at 1184 SHAWANO Avenue Green Bay, WI.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Upper‑and‑lower duplex totaling 1,400 square feet; Detached tandem 4‑car garage; 0.21‑acre lot with a large yard
