Side-by-Side
For Sale
$359,900
1376 Kellogg Street, Green Bay, WI 54303
Single-story configuration with separate units, backyard access, and updates to major building systems.
Property Size2,645 SF
Price / SF$136.07
Days on Market157
Property Features for 1376 Kellogg Street
General Information
Standard status
Active
Size
2,645 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Taxes and HOA fees
Annual Taxes
$4,871
Amenities
Boiler
1
2
Natural Gas
Full,Partial Fin. Non-contig
Poured Concrete
1 Story,2 side by side
Vinyl Siding
1st Floor Bedroom,1st Floor Full Bath
Building Details
Year Built
1968
Buildings
1
Listing Agency:
Shorewest, Realtors
(920) 655-8927
Listed By:
Zac S Peterson · License #94-80076
(920) 655-8927
Source:
Compass
Added: Mar 26
Changed: Aug 29
Last Checked: Aug 29 at 5:11PM
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 Shorewest, Realtors
Investment Insights
Based on property information with market context.
This 2,645-square-foot duplex was built in 1968 and is arranged as two side-by-side units within a single-story building. The property includes poured-concrete construction, vinyl siding, first-floor bedrooms and full baths, boilers, natural gas service, and backyard areas serving the units. Interior finish includes full and partial non-contiguous lower-level areas.
Major system updates include a roof completed in 2020, boilers installed in 2014, and water heaters replaced in 2016 and 2017. The property is zoned 2 Family/Duplex and is located near shopping, schools, and major routes in Green Bay.
Major system updates include a roof completed in 2020, boilers installed in 2014, and water heaters replaced in 2016 and 2017. The property is zoned 2 Family/Duplex and is located near shopping, schools, and major routes in Green Bay.
Key Highlights
- 2,645 SF duplex built in 1968
- Two side‑by‑side units in a 1‑story configuration
- Zoned 2 Family/Duplex
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
$23,096
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
6.42%
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%
$461,920
$461.9K
Cap Rate 7%
$329,943
$329.9K
Cap Rate 9%
$256,622
$256.6K
Market Conditions
NOI Build-Up for 2,645 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
$34.9K $13.20/SF
− Vacancy
−$1.9K −$0.73/SF
EGI
$33.0K $12.47/SF
− OpEx
−$9.9K −$3.74/SF
NOI
$23.1K $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 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%
$461,920
Cap Rate 7%
$329,943
Cap Rate 9%
$256,622
Alternative Uses
Best Use
Multifamily LT 5
$329.9K
$288.7K – $384.9K
NOI $23,096 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$307.3K
$268.9K – $358.6K
NOI $21,514 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$616.7K
$539.6K – $719.4K
NOI $43,166 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 54303, WI
27,478
Population
13,088
Households
2.1
Avg Household Size
36
Median Age
18%
College-Educated
91%
High-School Grad
11.5 sq mi
ZIP Area
2,389
Density / Sq Mi
$58,110
Median Household Income
$38,983
Median Earnings
$859
Median Rent
$160,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Single-story configuration with separate units, backyard access, and updates to major building systems.
Where is this duplex located?
The property is located at 1376 Kellogg Street Green Bay, WI.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 2,645 SF duplex built in 1968; Two side‑by‑side units in a 1‑story configuration; Zoned 2 Family/Duplex
