Two-Story Duplex with Separate
For Sale
$174,800
1280 E WALNUT Street, Green Bay, WI 54301
Corner-lot duplex near east side schools and downtown, with laundry, appliances, hardwood flooring, and private outdoor areas.
Property Size1,945 SF
Price / SF$89.87
Days on Market53
Property Features for 1280 E WALNUT Street
General Information
Standard status
Active
Size
1,945 SF
Property subtype
Duplex
Site & Location
Neighborhood
Three Corners
Taxes and HOA fees
Annual Taxes
$2,159
Building Details
Building Size
1,945 SF
Year Built
1898
Listing Agency:
Dallaire Realty
Listed By:
Michael D. Wasilkoff · License #91-936940
(920) 676-9300
Source:
C21ace
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 28 at 1:18PM
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 Dallaire Realty
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Investment Insights
Based on property information with market context.
Built in 1898, this two-story duplex offers an up-and-down configuration with two distinct residences. The main-floor unit includes two bedrooms, one bathroom, a kitchen with appliances, laundry with a washer and dryer, hardwood flooring, and a dedicated deck. The upper residence provides one bedroom and one bathroom, along with its own kitchen appliances, in-unit laundry, hardwood flooring, a dining room, and finished bonus space suitable for storage or flexible use. A front-entry patio serves the upper unit.
The property occupies a corner lot at 1280 E Walnut St in Green Bay, near east side schools and downtown. The layout provides separate living spaces and individually located outdoor areas, including the main-level deck and upper-unit patio.
The property occupies a corner lot at 1280 E Walnut St in Green Bay, near east side schools and downtown. The layout provides separate living spaces and individually located outdoor areas, including the main-level deck and upper-unit patio.
Key Highlights
- Two‑story duplex with up‑and‑down unit arrangement
- Main‑floor unit has 2BR/1BA, washer and dryer, appliances, hardwood flooring, and a dedicated deck
- Upper unit includes 1BR/1BA, dining room, finished bonus space, and front‑entry patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,820
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,400
$316.4K
Cap Rate 7%
$226,000
$226.0K
Cap Rate 9%
$175,778
$175.8K
Market Conditions
NOI Build-Up for 1,945 SF
Gross rent
$30.3K $15.60/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$28.8K $14.79/SF
− OpEx
−$12.9K −$6.65/SF
NOI
$15.8K $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%
$316,400
Cap Rate 7%
$226,000
Cap Rate 9%
$175,778
Alternative Uses
Best Use
Multifamily LT 5
$242.6K
$212.3K – $283.1K
NOI $16,983 @ 7.0% cap · market cap 9.72%
Second Best
Apartment 5plus
$226.0K
$197.8K – $263.7K
NOI $15,820 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$453.5K
$396.8K – $529.0K
NOI $31,742 @ 7.0% cap · market cap 18.16%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex near east side schools and downtown, with laundry, appliances, hardwood flooring, and private outdoor areas.
Where is this duplex located?
The property is located at 1280 E WALNUT Street Green Bay, WI.
What is the asking price?
The asking price for this property is $174,800.
What are key features of this property?
This property features: Two‑story duplex with up‑and‑down unit arrangement; Main‑floor unit has 2BR/1BA, washer and dryer, appliances, hardwood flooring, and a dedicated deck; Upper unit includes 1BR/1BA, dining room, finished bonus space, and front‑entry patio
