Duplex with Separate
For Sale
$275,000
1227 PORLIER Street, Green Bay, WI 54301
Two residential units offer private entrances, included appliances, and access to a large backyard.
Property Size1,680 SF
Price / SF$163.69
Days on Market10
Property Features for 1227 PORLIER Street
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,438
Amenities
large backyard
private entrances
Building Details
Building Size
1,680 SF
Year Built
1900
Listing Agency:
Fathom Realty, LLC
(920) 265-0862
Listed By:
Leonel Cortes · License #91-938843
(920) 265-0862
Source:
C21ace
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 29 at 2:42PM
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 Fathom Realty, LLC
Investment Insights
Based on property information with market context.
Located at 1227 Porlier Street in Green Bay, this 1,680-square-foot duplex contains two distinct residential units. The lower unit includes 2 bedrooms and 1 bathroom, while the upper unit provides 1 bedroom and 1 bathroom. Each residence has private front and rear entrances, and appliances are included.
Separate utility services support straightforward unit-level management. The property also includes a large backyard, adding outdoor space to the in-town setting. Built in 1900, the duplex is positioned near downtown Green Bay, area hospitals, shopping, dining, Astor Park, and everyday conveniences.
Separate utility services support straightforward unit-level management. The property also includes a large backyard, adding outdoor space to the in-town setting. Built in 1900, the duplex is positioned near downtown Green Bay, area hospitals, shopping, dining, Astor Park, and everyday conveniences.
Key Highlights
- 1,680‑square‑foot duplex built in 1900
- Lower unit includes 2 bedrooms and 1 bathroom
- Upper unit includes 1 bedroom and 1 bathroom
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
$14,669
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
5.33%
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%
$293,380
$293.4K
Cap Rate 7%
$209,557
$209.6K
Cap Rate 9%
$162,989
$163.0K
Market Conditions
NOI Build-Up for 1,680 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
$22.2K $13.20/SF
− Vacancy
−$1.2K −$0.73/SF
EGI
$21.0K $12.47/SF
− OpEx
−$6.3K −$3.74/SF
NOI
$14.7K $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%
$293,380
Cap Rate 7%
$209,557
Cap Rate 9%
$162,989
Alternative Uses
Best Use
Multifamily LT 5
$209.6K
$183.4K – $244.5K
NOI $14,669 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$195.2K
$170.8K – $227.8K
NOI $13,665 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,276
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer private entrances, included appliances, and access to a large backyard.
Where is this duplex located?
The property is located at 1227 PORLIER Street Green Bay, WI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,680‑square‑foot duplex built in 1900; Lower unit includes 2 bedrooms and 1 bathroom; Upper unit includes 1 bedroom and 1 bathroom
