Updated Brick
New
For Sale
$399,900
1211 E Walnut St, Green Bay, WI 54301
A three-story rental property includes a basement, multiple entrances, and a large parking area.
Property Size4,435 SF
Price / SF$90.17
Days on Market2
Property Features for 1211 E Walnut St
General Information
Standard status
Active
Size
4,435 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1913
Buildings
1
Stories
3
Construction
brick
Listed By:
Tiffany Holtz | Coldwell Banker
(920) 574-4422
Source:
Tiffanyholtz
Added: Sep 26
Last Checked: Sep 26 at 3:17PM
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 Tiffany Holtz | Coldwell Banker
Investment Insights
Based on property information with market context.
This 4,435-square-foot, all-brick quadplex was built in 1913 and has been updated. The three-story building includes multiple entrances and a basement described as fully accessible. Electrical boxes serving the building have been replaced, and the furnace was replaced in 2021. Units 2–4 use boiler heat; the owner pays for water.
The property is at 1211 E Walnut St in Green Bay, Wisconsin. A large parking area serves the building.
The property is at 1211 E Walnut St in Green Bay, Wisconsin. A large parking area serves the building.
Key Highlights
- Four‑unit, all‑brick building with three stories
- 4,435 square feet; built in 1913
- Furnace replaced in 2021
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
$36,074
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
9.02%
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%
$721,480
$721.5K
Cap Rate 7%
$515,343
$515.3K
Cap Rate 9%
$400,822
$400.8K
Market Conditions
NOI Build-Up for 4,435 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
$69.2K $15.60/SF
− Vacancy
−$3.6K −$0.81/SF
EGI
$65.6K $14.79/SF
− OpEx
−$29.5K −$6.65/SF
NOI
$36.1K $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 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%
$721,480
Cap Rate 7%
$515,343
Cap Rate 9%
$400,822
Alternative Uses
Best Use
Multifamily LT 5
$553.2K
$484.1K – $645.4K
NOI $38,726 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$515.3K
$450.9K – $601.2K
NOI $36,074 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$1.03M
$904.7K – $1.21M
NOI $72,379 @ 7.0% cap · market cap 18.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,323
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
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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?
Quadplex - A three-story rental property includes a basement, multiple entrances, and a large parking area.
Where is this quadplex located?
The property is located at 1211 E Walnut St Green Bay, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four‑unit, all‑brick building with three stories; 4,435 square feet; built in 1913; Furnace replaced in 2021
