Side-by-Side Duplex with
For Sale
$359,900
1400 Kellogg Street, Green Bay, WI 54303
Two one-story units offer separate living areas, lower-level space, and access to a workshop-equipped attached garage.
Property Size2,172 SF
Price / SF$165.70
Days on Market147
Property Features for 1400 Kellogg Street
General Information
Standard status
Active
Size
2,172 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex,Resident
Units
Unit Mix
1 x 2BR/1+BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,685
Amenities
Forced Air
2
Natural Gas
Full,Sump Pump,Partial Fin. Contiguous,Partial Fin. Non-contig
Block
1 Story,2 side by side
Pressboard
1st Floor Bedroom,1st Floor Full Bath,Level Drive,Level Lot
Building Details
Year Built
1967
Buildings
1
Construction
ranch
Listing Agency:
Dallaire Realty
(920) 569-3526
Listed By:
Greg L Dallaire · License #90-54993
(920) 569-3526
Source:
Compass
Added: Apr 8
Changed: Aug 31
Last Checked: Aug 30 at 5:31AM
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.
Located at 1400 Kellogg Street in Green Bay, Wisconsin, this one-story side-by-side duplex contains 2,172 square feet and was built in 1967. The property includes two two-bedroom units with a combined 4BR/2+BA configuration, kitchens equipped with appliances, pantry storage, and distinct living and dining areas.
The 1,203-square-foot side includes a screened porch, landscaped yard, built-in bookshelf, twin closets in the primary bedroom, and a lower-level recreation room with an additional toilet. Its attached garage includes a workshop. The 969-square-foot side features hardwood flooring in the kitchen and dining area, plus a lower level with washer and dryer. Both units include forced-air heating and natural gas service. The property is near parks and schools and is zoned 2 Family/Duplex, Resident.
The 1,203-square-foot side includes a screened porch, landscaped yard, built-in bookshelf, twin closets in the primary bedroom, and a lower-level recreation room with an additional toilet. Its attached garage includes a workshop. The 969-square-foot side features hardwood flooring in the kitchen and dining area, plus a lower level with washer and dryer. Both units include forced-air heating and natural gas service. The property is near parks and schools and is zoned 2 Family/Duplex, Resident.
Key Highlights
- 2,172 SF side‑by‑side duplex built in 1967
- Two 2BR units measuring 1,203 SF and 969 SF
- Combined 4BR/2+BA configuration with 2 Family/Duplex, Resident zoning
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
$18,965
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
5.27%
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%
$379,300
$379.3K
Cap Rate 7%
$270,929
$270.9K
Cap Rate 9%
$210,722
$210.7K
Market Conditions
NOI Build-Up for 2,172 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
$28.7K $13.20/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$27.1K $12.47/SF
− OpEx
−$8.1K −$3.74/SF
NOI
$19.0K $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%
$379,300
Cap Rate 7%
$270,929
Cap Rate 9%
$210,722
Alternative Uses
Best Use
Multifamily LT 5
$270.9K
$237.1K – $316.1K
NOI $18,965 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$252.4K
$220.8K – $294.5K
NOI $17,667 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$506.4K
$443.1K – $590.8K
NOI $35,447 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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 - Two one-story units offer separate living areas, lower-level space, and access to a workshop-equipped attached garage.
Where is this duplex located?
The property is located at 1400 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: 2,172 SF side‑by‑side duplex built in 1967; Two 2BR units measuring 1,203 SF and 969 SF; Combined 4BR/2+BA configuration with 2 Family/Duplex, Resident zoning
