Remodeled Fox River
For Sale
$430,000
1222 South Monroe Avenue, Green Bay, WI 54301
Remodeled two-family property with both units currently leased.
Property Size1,972 SF
Price / SF$218.05
Days on Market200
Property Features for 1222 South Monroe Avenue
General Information
Standard status
Active
Size
1,972 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,772
Amenities
Forced Air
2
Natural Gas
Full,Sump Pump
1
Block,Poured Concrete,Stone
1.5 Story,Multi-Level
Shake Siding
1st Floor Bedroom,1st Floor Full Bath,Level Drive,Low Pile Carpeting
Building Details
Year Built
1886
Buildings
1
Tenancy
Multi
Listing Agency:
Mark D Olejniczak Realty, Inc.
Listed By:
Sara L Laughlin · License #90-59644
(920) 321-9146
Source:
Compass
Added: Feb 14
Changed: Sep 2
Last Checked: Aug 30 at 11:01PM
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 Mark D Olejniczak Realty, Inc.
Investment Insights
Based on property information with market context.
This 1,972-square-foot duplex contains two separately configured residences within a 1.5-story, multi-level structure. The main-floor unit offers three bedrooms and two full bathrooms, while the second-floor unit includes one bedroom and one full bathroom. The property has been remodeled and includes forced-air heating, natural gas service, a sump pump, and a level drive. Exterior construction features block, poured concrete, and stone elements with shake siding.
The property overlooks the Fox River and sits alongside the Fox River walking trail. Da Vinci school, parks, hospitals, restaurants, and local businesses are identified nearby. Both units are occupied under lease agreements, with terms extending through August 17, 2026, and December 1, 2026. The property is zoned 2 Family/Duplex.
The property overlooks the Fox River and sits alongside the Fox River walking trail. Da Vinci school, parks, hospitals, restaurants, and local businesses are identified nearby. Both units are occupied under lease agreements, with terms extending through August 17, 2026, and December 1, 2026. The property is zoned 2 Family/Duplex.
Key Highlights
- Remodeled 1,972‑square‑foot duplex with two residential units
- Main‑floor unit: 3 beds and 2 full baths
- Second‑floor unit: 1 bed and 1 full bath
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
$17,219
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
4.00%
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%
$344,380
$344.4K
Cap Rate 7%
$245,986
$246.0K
Cap Rate 9%
$191,322
$191.3K
Market Conditions
NOI Build-Up for 1,972 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
$26.0K $13.20/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$24.6K $12.47/SF
− OpEx
−$7.4K −$3.74/SF
NOI
$17.2K $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%
$344,380
Cap Rate 7%
$245,986
Cap Rate 9%
$191,322
Alternative Uses
Best Use
Multifamily LT 5
$246.0K
$215.2K – $287.0K
NOI $17,219 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$229.1K
$200.5K – $267.3K
NOI $16,040 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$459.8K
$402.3K – $536.4K
NOI $32,183 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,252
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
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?
Duplex - Remodeled two-family property with both units currently leased.
Where is this duplex located?
The property is located at 1222 South Monroe Avenue Green Bay, WI.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Remodeled 1,972‑square‑foot duplex with two residential units; Main‑floor unit: 3 beds and 2 full baths; Second‑floor unit: 1 bed and 1 full bath
