Triplex with Three-Stall
For Sale
$455,000
1409 ELIZA Street, Green Bay, WI 54301
Front duplex and rear home create a flexible residential income layout.
Property Size3,320 SF
Price / SF$137.05
Days on Market20
Property Features for 1409 ELIZA Street
General Information
Standard status
Active
Size
3,320 SF
Total Parking Spaces
3
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,843
Building Details
Building Size
3,320 SF
Year Built
1966
Buildings
2
Listing Agency:
Northland Realty LLC
Listed By:
Mandy J. Baier · License #91-905211
(920) 680-7567
Source:
C21ace
Added: Sep 17
Changed: Oct 6
Last Checked: Oct 5 at 11:20PM
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 Northland Realty LLC
Investment Insights
Based on property information with market context.
This 3,320-square-foot triplex, built in 1966, combines an upper/lower duplex at the front with a separate home at the rear. Each duplex apartment includes 2 bedrooms, 1 bathroom, and formal dining space. The rear residence also offers 2 bedrooms and 1 bathroom, along with a full basement. A 3-stall garage sits between the two buildings, providing shared on-site parking and storage.
Major system updates include replacement boilers in 2017 and new electrical service installed in 2016. Tenants are responsible for their own gas and electric utilities. The property is located at 1409 Eliza St in Green Bay, Wisconsin.
Major system updates include replacement boilers in 2017 and new electrical service installed in 2016. Tenants are responsible for their own gas and electric utilities. The property is located at 1409 Eliza St in Green Bay, Wisconsin.
Key Highlights
- Three residential units on one parcel
- 3,320 square feet; built in 1966
- Front upper/lower duplex with 2 bedrooms and 1 bathroom per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,990
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,800
$579.8K
Cap Rate 7%
$414,143
$414.1K
Cap Rate 9%
$322,111
$322.1K
Market Conditions
NOI Build-Up for 3,320 SF
Gross rent
$43.8K $13.20/SF
− Vacancy
−$2.4K −$0.73/SF
EGI
$41.4K $12.47/SF
− OpEx
−$12.4K −$3.74/SF
NOI
$29.0K $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 Rate 5%
$579,800
Cap Rate 7%
$414,143
Cap Rate 9%
$322,111
Alternative Uses
Best Use
Multifamily LT 5
$414.1K
$362.4K – $483.2K
NOI $28,990 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$385.8K
$337.6K – $450.1K
NOI $27,004 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$774.0K
$677.3K – $903.0K
NOI $54,182 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,204
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
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Frequently Asked Questions
What type of property is this?
Triplex - Front duplex and rear home create a flexible residential income layout.
Where is this triplex located?
The property is located at 1409 ELIZA Street Green Bay, WI.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Three residential units on one parcel; 3,320 square feet; built in 1966; Front upper/lower duplex with 2 bedrooms and 1 bathroom per unit
