Duplex with Attached
1318 NELSON Street, Green Bay, WI 54304
For Sale
New
$339,000
Each residence has two bedrooms, a full bath, and its own outdoor space.
Property Size2,240 SF
Price / SF$151.34
Days on Market6
Property Features for 1318 NELSON Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fully fenced backyard
concrete patio
wooden deck
shared basement
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Real Estate Group
Listed By:
Angela Modrow · License WI 91-6849
(920) 664-3536
Source:
C21ace
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 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 Coldwell Banker Real Estate Group
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Investment Insights
Based on property information with market context.
Built in 1972, this duplex contains 2,240 square feet across two residences, each measuring 1,120 square feet with two bedrooms and one full bath. The upper apartment has updated kitchen flooring and a 2026 water heater; the lower apartment received new carpet and has a 2019 water heater. Kitchen light fixtures were replaced in both units, and the roof dates to 2015. A shared basement serves the two residences.
Outdoor features include a fully fenced backyard, a 22'x10' concrete patio for the lower unit, and a 22'x10' wooden deck for the upper unit. The attached two-stall garage provides one designated parking space per residence. Lambeau Field is less than 2 miles away.
Outdoor features include a fully fenced backyard, a 22'x10' concrete patio for the lower unit, and a 22'x10' wooden deck for the upper unit. The attached two-stall garage provides one designated parking space per residence. Lambeau Field is less than 2 miles away.
Key Highlights
- 2,240 square feet total, with 1,120 square feet in each unit
- Two bedrooms and one full bath in each residence
- Attached 2‑stall garage with one designated space per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,559
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,180
$391.2K
Cap Rate 7%
$279,414
$279.4K
Cap Rate 9%
$217,322
$217.3K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$29.6K $13.20/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$27.9K $12.47/SF
− OpEx
−$8.4K −$3.74/SF
NOI
$19.6K $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 Rate 5%
$391,180
Cap Rate 7%
$279,414
Cap Rate 9%
$217,322
Alternative Uses
Best Use
Multifamily LT 5
$279.4K
$244.5K – $326.0K
NOI $19,559 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$260.3K
$227.8K – $303.7K
NOI $18,220 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 10.78%
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
412
Businesses Nearby
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Business Placement
Demographics for 54304, WI
27,679
Population
12,997
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
11.7 sq mi
ZIP Area
2,366
Density / Sq Mi
$60,369
Median Household Income
$38,926
Median Earnings
$935
Median Rent
$200,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Green Bay, WI
Properties on Market for Duplexes in Green Bay
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, a full bath, and its own outdoor space.
Where is this duplex located?
The property is located at 1318 NELSON Street Green Bay, WI.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 2,240 square feet total, with 1,120 square feet in each unit; Two bedrooms and one full bath in each residence; Attached 2‑stall garage with one designated space per unit
