Ranch Duplex with Detached
For Sale
$249,000
1486 Hastings St, Green Bay, WI 54301
Two separate residences with flexible layouts, private outdoor space, and substantial on-site storage.
Property Size2,388 SF
Price / SF$104.27
Days on Market8
Property Features for 1486 Hastings St
General Information
Standard status
Active
Size
2,388 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
some TLC
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
fenced yard
storage
Building Details
Year Built
1956
Buildings
1
Construction
ranch-style
Listing Agency:
Keller Williams Green Bay
(920) 574-4422
Listed By:
Matt Jorgenson
Source:
Lisakawula
Added: Aug 23
Changed: Aug 28
Last Checked: Aug 29 at 12:14PM
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 Keller Williams Green Bay
Investment Insights
Based on property information with market context.
This ranch-style duplex at 1486 Hastings St in Green Bay includes 2,388 square feet across two residential units and was built in 1956. The front residence, 1486, contains 3 bedrooms, 1 bath, an updated kitchen, a partially finished lower-level family room, and a half bath. The rear residence, 1488, provides 2 bedrooms, 1 bath, a bonus room, and a 3-season room that could support additional finished space. Both units offer considerable storage.
The property occupies a double lot with a fenced yard, ample parking, and a detached 4-stall tandem garage. A furnace and central air system were installed in 2021, adding updated mechanical equipment to the property’s existing layout.
The property occupies a double lot with a fenced yard, ample parking, and a detached 4-stall tandem garage. A furnace and central air system were installed in 2021, adding updated mechanical equipment to the property’s existing layout.
Key Highlights
- 2,388 SF ranch‑style duplex built in 1956
- Front unit includes 3 bedrooms, 1 bath, updated kitchen, lower‑level family room, and half bath
- Rear unit offers 2 bedrooms, 1 bath, bonus room, and 3‑season room
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
$20,852
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
8.37%
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%
$417,040
$417.0K
Cap Rate 7%
$297,886
$297.9K
Cap Rate 9%
$231,689
$231.7K
Market Conditions
NOI Build-Up for 2,388 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
$31.5K $13.20/SF
− Vacancy
−$1.7K −$0.73/SF
EGI
$29.8K $12.47/SF
− OpEx
−$8.9K −$3.74/SF
NOI
$20.9K $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%
$417,040
Cap Rate 7%
$297,886
Cap Rate 9%
$231,689
Alternative Uses
Best Use
Multifamily LT 5
$297.9K
$260.7K – $347.5K
NOI $20,852 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$277.5K
$242.8K – $323.7K
NOI $19,424 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$556.7K
$487.2K – $649.5K
NOI $38,972 @ 7.0% cap · market cap 15.65%
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
208
Businesses Nearby
Explore this area
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
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 separate residences with flexible layouts, private outdoor space, and substantial on-site storage.
Where is this duplex located?
The property is located at 1486 Hastings St Green Bay, WI.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 2,388 SF ranch‑style duplex built in 1956; Front unit includes 3 bedrooms, 1 bath, updated kitchen, lower‑level family room, and half bath; Rear unit offers 2 bedrooms, 1 bath, bonus room, and 3‑season room
