Two-Story Duplex with Separate
New
For Sale
$174,900
1280 E WALNUT Street, Green Bay, WI 54301
Residential Income, GREEN BAY, WI
Property Size1,945 SF
Lot Size0.10 Acres
Price / SF$89.92
Days on Market5
Property Features for 1280 E WALNUT Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
2 Family/Duplex,Resident
Lot features
Corner Lot, Near Bus Line, Sidewalk
Elementary school district
Green Bay Area
Middle school district
Green Bay Area
High school district
Green Bay Area
Directions
Monroe Ave or Webster Ave to East on Walnut St to home.
Standard status
Active
APN
14-249
Size
1,945 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2159
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Radiant
Water source
Public
Amenities
in-unit laundry
deck
patio
Building Details
Year built
1898
Number of units
2
Building materials
Shake Siding
Listing Agency:
Dallaire Realty
(920) 569-0827
Listed By:
Michael D. Wasilkoff · License #91936940
(920) 676-9300
Added: Sep 8
Changed: Sep 12
Last Checked: Sep 12 at 8:06AM
MLS# 50332350
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1898, this 1,945-square-foot duplex offers an up-and-down configuration with a 2-bedroom, 1-bath main-level residence and a 1-bedroom, 1-bath upper residence. The lower unit includes laundry equipment, an equipped kitchen, hardwood floors, and a dedicated deck. The upper unit adds in-unit laundry, kitchen appliances, hardwood floors, a dining room, and finished bonus space that can serve as storage or another flexible-use area, along with a front-entry patio.
The property occupies a 0.1-acre corner lot at 1280 E WALNUT Street in Green Bay, near east side schools and downtown. Public water and public sewer serve the property. Heating is provided through radiant and forced-air systems, and the exterior features shake siding.
The property occupies a 0.1-acre corner lot at 1280 E WALNUT Street in Green Bay, near east side schools and downtown. Public water and public sewer serve the property. Heating is provided through radiant and forced-air systems, and the exterior features shake siding.
Key Highlights
- Two‑story duplex with 1,945 square feet of building area
- Main‑floor unit has 2BR/1BA, laundry, appliances, hardwood floors, and a dedicated deck
- Upper unit includes 1BR/1BA, in‑unit laundry, dining room, and finished bonus space
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
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Current Use
Lease Details
2
Residential units
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
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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?
Duplex - Up-and-down duplex with two distinct residences, private outdoor areas, and public water and sewer service.
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 1,945 square feet of building area; Main‑floor unit has 2BR/1BA, laundry, appliances, hardwood floors, and a dedicated deck; Upper unit includes 1BR/1BA, in‑unit laundry, dining room, and finished bonus space
