Two-Story Duplex with
For Sale
$174,800
1280 E WALNUT Street, Green Bay, WI 54301
Residential Income, GREEN BAY, WI
Property Size1,945 SF
Lot Size0.10 Acres
Price / SF$89.87
Days on Market53
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
Radiant, Forced Air
Water source
Public
Amenities
in-unit laundry
kitchen appliances
hardwood flooring
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: Oct 29
Last Checked: Oct 30 at 12:06AM
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.
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Investment Insights
Based on property information with market context.
Built in 1898, this 1,945-square-foot duplex offers an up-and-down layout with a 2-bedroom, 1-bath main-floor unit and a 1-bedroom, 1-bath upper unit. The lower residence includes laundry with washer and dryer, an equipped kitchen, hardwood flooring, and a dedicated deck. The upper unit features in-unit laundry, kitchen appliances, hardwood flooring, a dining room, and finished bonus space suitable for storage or flexible use. A front-entry patio serves the upper residence.
The property occupies a 0.1-acre corner lot at 1280 E Walnut Street in Green Bay, near east side schools and downtown. It is zoned 2 Family/Duplex, Resident, with public water and public sewer. Heating is provided by forced air and radiant systems.
The property occupies a 0.1-acre corner lot at 1280 E Walnut Street in Green Bay, near east side schools and downtown. It is zoned 2 Family/Duplex, Resident, with public water and public sewer. Heating is provided by forced air and radiant systems.
Key Highlights
- 1,945‑square‑foot duplex built in 1898
- Up‑and‑down layout with 2BR/1BA and 1BR/1BA units
- Main‑floor unit includes washer, dryer, appliances, hardwood flooring, and dedicated deck
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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Lease Details
2
Residential units
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 with up-and-down units, private outdoor spaces, and in-unit laundry.
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: 1,945‑square‑foot duplex built in 1898; Up‑and‑down layout with 2BR/1BA and 1BR/1BA units; Main‑floor unit includes washer, dryer, appliances, hardwood flooring, and dedicated deck
