3-Unit Triplex with Rear
For Sale
$299,900
1453 HARVEY Street, Green Bay, WI 54302
All three units are occupied under month-to-month tenancies, offering flexible rental management.
Property Size2,319 SF
Price / SF$129.32
Days on Market10
Property Features for 1453 HARVEY Street
General Information
Standard status
Active
Size
2,319 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,744
Building Details
Building Size
2,319 SF
Year Built
1938
Listing Agency:
Coldwell Banker Real Estate Group
Listed By:
Ana Curiel · License #91-6849
(920) 321-6842
Source:
C21ace
Added: Sep 14
Changed: Sep 18
Last Checked: Sep 22 at 8:34PM
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 Coldwell Banker Real Estate Group
Investment Insights
Based on property information with market context.
This 3-unit triplex contains two main-level units and an upstairs unit within a 2,319-square-foot residential income property built in 1938. A sizable parking area is located behind the building, adding practical convenience for occupants. The current unit arrangement includes left, right, and upstairs residences, with each tenant on a month-to-month tenancy.
The property is located at 1453 Harvey St in Green Bay’s East Side, near schools, parks, shopping, and everyday amenities. Its three-unit configuration provides an established multifamily format for continued rental use or an owner-occupancy strategy, as supported by the existing layout and tenancy structure.
The property is located at 1453 Harvey St in Green Bay’s East Side, near schools, parks, shopping, and everyday amenities. Its three-unit configuration provides an established multifamily format for continued rental use or an owner-occupancy strategy, as supported by the existing layout and tenancy structure.
Key Highlights
- 3‑unit triplex configuration
- 2,319‑square‑foot property built in 1938
- Rear parking area
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
$20,249
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
6.75%
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%
$404,980
$405.0K
Cap Rate 7%
$289,271
$289.3K
Cap Rate 9%
$224,989
$225.0K
Market Conditions
NOI Build-Up for 2,319 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
$30.6K $13.20/SF
− Vacancy
−$1.7K −$0.73/SF
EGI
$28.9K $12.47/SF
− OpEx
−$8.7K −$3.74/SF
NOI
$20.2K $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%
$404,980
Cap Rate 7%
$289,271
Cap Rate 9%
$224,989
Alternative Uses
Best Use
Multifamily LT 5
$289.3K
$253.1K – $337.5K
NOI $20,249 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$269.5K
$235.8K – $314.4K
NOI $18,862 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$540.7K
$473.1K – $630.8K
NOI $37,846 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
535
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - All three units are occupied under month-to-month tenancies, offering flexible rental management.
Where is this triplex located?
The property is located at 1453 HARVEY Street 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: 3‑unit triplex configuration; 2,319‑square‑foot property built in 1938; Rear parking area
