Two-Story Duplex with Separate
New
For Sale
$174,900
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$89.92
Days on Market5
Property Features for 1280 E WALNUT Street
General Information
Standard status
Active
Size
1,945 SF
Property subtype
Duplex
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: Sep 11
Last Checked: Sep 11 at 7:57AM
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
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 = 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
$15,820
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
9.05%
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%
$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
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
$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 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%
$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 9.71%
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 18.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
658
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 - 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 $174,900.
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
