3-Unit Triplex
For Sale
$175,000
1319 DAY Street, Green Bay, WI 54302
Three-unit triplex with month-to-month tenants; tenants pay electricity, with ample parking and alley access.
Property Size1,874 SF
Price / SF$93.38
Days on Market21
Property Features for 1319 DAY Street
General Information
Standard status
Active
Size
1,874 SF
Property subtype
Multi Family
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$2,611
Building Details
Building Size
1,874 SF
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Dallaire Realty
(920) 676-9300
Listed By:
Michael D. Wasilkoff · License #91-936940
(920) 676-9300
Source:
C21ace
Added: Jul 20
Changed: Aug 8
Last Checked: Aug 8 at 9:34AM
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.
This 3-unit triplex is currently fully rented and operated with month-to-month leases for all tenants. Tenants pay electricity, and the property offers ample parking for tenant use. The building sits on a large lot with alley access, providing practical on-site circulation and service options.
Located in the heart of Green Bay, the property is presented for an investor or owner-occupant. The sale is “as-is,” and showings are set to begin 7/21/26.
Built in 1920, the building totals 1,874 SF. It is well suited for buyers looking for an occupied multi-family setup with straightforward lease terms and utility payment responsibility placed with tenants.
Located in the heart of Green Bay, the property is presented for an investor or owner-occupant. The sale is “as-is,” and showings are set to begin 7/21/26.
Built in 1920, the building totals 1,874 SF. It is well suited for buyers looking for an occupied multi-family setup with straightforward lease terms and utility payment responsibility placed with tenants.
Key Highlights
- Fully rented 3‑unit triplex with month‑to‑month leases
- Tenants pay electricity
- 1,874 SF building
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
$15,243
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
8.71%
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%
$304,860
$304.9K
Cap Rate 7%
$217,757
$217.8K
Cap Rate 9%
$169,367
$169.4K
Market Conditions
NOI Build-Up for 1,874 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
$29.2K $15.60/SF
− Vacancy
−$1.5K −$0.81/SF
EGI
$27.7K $14.79/SF
− OpEx
−$12.5K −$6.65/SF
NOI
$15.2K $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%
$304,860
Cap Rate 7%
$217,757
Cap Rate 9%
$169,367
Alternative Uses
Best Use
Multifamily LT 5
$233.8K
$204.5K – $272.7K
NOI $16,363 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$217.8K
$190.5K – $254.1K
NOI $15,243 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$436.9K
$382.3K – $509.7K
NOI $30,584 @ 7.0% cap · market cap 17.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Explore this area
Business Placement
Demographics for 54302, WI
31,327
Population
13,390
Households
2.3
Avg Household Size
34
Median Age
19%
College-Educated
81%
High-School Grad
9.2 sq mi
ZIP Area
3,405
Density / Sq Mi
$55,772
Median Household Income
$37,257
Median Earnings
$881
Median Rent
$164,500
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?
Triplex - Three-unit triplex with month-to-month tenants; tenants pay electricity, with ample parking and alley access.
Where is this triplex located?
The property is located at 1319 DAY Street Green Bay, WI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Fully rented 3‑unit triplex with month‑to‑month leases; Tenants pay electricity; 1,874 SF building
