Upper-Lower
For Sale
$244,900
1518 ELM Street, Green Bay, WI 54302
Two-level residential income property with separate parking areas, alley access, and a detached two-car garage.
Property Size1,404 SF
Price / SF$174.43
Days on Market26
Property Features for 1518 ELM Street
General Information
Standard status
Active
Size
1,404 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,616
Building Details
Building Size
1,404 SF
Year Built
1913
Buildings
1
Listing Agency:
Northland Realty LLC
Listed By:
Mandy J. Baier · License #91-905211
(920) 680-7567
Source:
C21ace
Added: Sep 11
Changed: Oct 6
Last Checked: Oct 5 at 11:40PM
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 two-unit duplex contains 1,404 square feet in an upper-and-lower configuration. Property improvements include flooring updated in 2022, a newer roof, and replacement cabinetry in the upper unit. The layout provides separate residential spaces within a property built in 1913.
Located at 1518 ELM Street in Green Bay, Wisconsin, the property includes a large yard, dual parking areas, alley access, and a 2-car garage. These existing site and building features support residential rental use while preserving flexibility for an owner-occupant arrangement.
Located at 1518 ELM Street in Green Bay, Wisconsin, the property includes a large yard, dual parking areas, alley access, and a 2-car garage. These existing site and building features support residential rental use while preserving flexibility for an owner-occupant arrangement.
Key Highlights
- Upper‑and‑lower duplex configuration with 1,404 square feet
- Flooring updated in 2022
- New cabinetry in the upper unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,259
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,180
$245.2K
Cap Rate 7%
$175,129
$175.1K
Cap Rate 9%
$136,211
$136.2K
Market Conditions
NOI Build-Up for 1,404 SF
Gross rent
$18.5K $13.20/SF
− Vacancy
−$1.0K −$0.73/SF
EGI
$17.5K $12.47/SF
− OpEx
−$5.3K −$3.74/SF
NOI
$12.3K $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%
$245,180
Cap Rate 7%
$175,129
Cap Rate 9%
$136,211
Alternative Uses
Best Use
Multifamily LT 5
$175.1K
$153.2K – $204.3K
NOI $12,259 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$163.1K
$142.8K – $190.3K
NOI $11,420 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$327.3K
$286.4K – $381.9K
NOI $22,913 @ 7.0% cap · market cap 9.36%
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
557
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
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-level residential income property with separate parking areas, alley access, and a detached two-car garage.
Where is this duplex located?
The property is located at 1518 ELM Street Green Bay, WI.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Upper‑and‑lower duplex configuration with 1,404 square feet; Flooring updated in 2022; New cabinetry in the upper unit
