Duplex with Existing
For Sale
$299,900
1439 SPRINGDALE Lane, Green Bay, WI 54304
Two-unit property with one updated side leased through November 30, 2026.
Property Size1,776 SF
Price / SF$168.86
Days on Market14
Property Features for 1439 SPRINGDALE Lane
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,245
Building Details
Building Size
1,776 SF
Year Built
1968
Buildings
1
Listing Agency:
Mark D Olejniczak Realty, Inc.
(920) 321-9118
Listed By:
Laura A. Olejniczak-Carmichael · License #91-25538
(920) 321-9118
Source:
C21ace
Added: Jul 28
Changed: Aug 10
Last Checked: Aug 10 at 9:02AM
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 Mark D Olejniczak Realty, Inc.
Investment Insights
Based on property information with market context.
This duplex at 1439 Springdale Lane contains 1,776 square feet and was built in 1968. The property is being sold in as-is condition, with one unit requiring updates and TLC. The second unit has been updated and is currently leased through November 30, 2026.
The property is within walking distance of a park, schools, and shopping. Its two-unit configuration provides a leased unit alongside a separate unit requiring improvements, with the asset offered for sale in its present condition.
The property is within walking distance of a park, schools, and shopping. Its two-unit configuration provides a leased unit alongside a separate unit requiring improvements, with the asset offered for sale in its present condition.
Key Highlights
- 1,776‑square‑foot duplex built in 1968
- One unit updated and leased through 11/30/26
- Second unit requires updates and TLC
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
$15,508
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
5.17%
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%
$310,160
$310.2K
Cap Rate 7%
$221,543
$221.5K
Cap Rate 9%
$172,311
$172.3K
Market Conditions
NOI Build-Up for 1,776 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
$23.4K $13.20/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$22.2K $12.47/SF
− OpEx
−$6.6K −$3.74/SF
NOI
$15.5K $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%
$310,160
Cap Rate 7%
$221,543
Cap Rate 9%
$172,311
Alternative Uses
Best Use
Multifamily LT 5
$221.5K
$193.9K – $258.5K
NOI $15,508 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$206.4K
$180.6K – $240.8K
NOI $14,446 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$414.1K
$362.3K – $483.1K
NOI $28,984 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one updated side leased through November 30, 2026.
Where is this duplex located?
The property is located at 1439 SPRINGDALE Lane Green Bay, WI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,776‑square‑foot duplex built in 1968; One unit updated and leased through 11/30/26; Second unit requires updates and TLC
