Ranch-Style Duplex with
New
For Sale
$249,000
1486 HASTINGS Street, Green Bay, WI 54301
Residential Income, GREEN BAY, WI
Property Size2,388 SF
Lot Size0.33 Acres
Price / SF$104.27
Days on Market3
Property Features for 1486 HASTINGS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Parking
4
Elementary school district
Green Bay Area
Middle school district
Green Bay Area
High school district
Green Bay Area
Directions
East on Hwy 172, North on Webster Ave, Right on Allouez Ave, Left on Libal St, Right on Hastings St, Right to Home
Standard status
Active
APN
AL-846
Size
2,388 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3550
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
fenced yard
detached garage
Building Details
Year built
1956
Number of units
2
Building materials
Aluminum Siding
Listing Agency:
Keller Williams Green Bay · Keller Williams Realty
(920) 632-7702
Listed By:
Matt Jorgenson · License #90-59236
(920) 360-9342
Added: Aug 20
Changed: Aug 22
Last Checked: Aug 22 at 7:06AM
MLS# 50331422
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This ranch-style duplex contains 2,388 square feet across two residential units on a 0.33-acre double lot. Unit 1486 includes 3 bedrooms, 1 bath, an updated kitchen, a partially finished lower-level family room, and a half bath. Unit 1488 offers 2 bedrooms, 1 bath, a bonus room, and a 3-season room that may support additional finished living space. Both units provide substantial storage.
Exterior features include aluminum siding, a fenced yard, ample parking, and a detached 4-stall tandem garage. The property was built in 1956 and has forced-air heating, with a furnace and central air replaced in 2021. Public water and public sewer serve the property. Its residential zoning and two-unit configuration support consideration by an owner-occupant or investor.
Exterior features include aluminum siding, a fenced yard, ample parking, and a detached 4-stall tandem garage. The property was built in 1956 and has forced-air heating, with a furnace and central air replaced in 2021. Public water and public sewer serve the property. Its residential zoning and two-unit configuration support consideration by an owner-occupant or investor.
Key Highlights
- 2,388‑square‑foot duplex on a 0.33‑acre double lot
- Unit 1486: 3 bedrooms, 1 bath, updated kitchen, lower‑level family room, and half bath
- Unit 1488: 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 residential units share a fenced yard, ample parking, and a detached tandem garage.
Where is this duplex located?
The property is located at 1486 HASTINGS Street 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‑square‑foot duplex on a 0.33‑acre double lot; Unit 1486: 3 bedrooms, 1 bath, updated kitchen, lower‑level family room, and half bath; Unit 1488: 2 bedrooms, 1 bath, bonus room, and 3‑season room
