Green Bay Multifamily Investment
1636 Janice Ave Green Bay, WI 54304
1636 Janice Ave, Green Bay, WI, 54304
Contact for pricing
For Sale
Contact for pricing
Pending
Low-maintenance, six-unit apartment building in Green Bay's southwest metro area.
Property Size4,290 SF
Days on Market171
Property Features for 1636 Janice Ave
General Information
- Standard status
- Pending
- Size
- 4,290 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1977
Listing Agency
Coldwell Banker Real Estate Group
Listed by
Matthew Norem · License #55932-090
Source
Crexi
Added: Jan 27 Checked: Jul 17 at 6:49 am
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.
Located in the southwest metro area of Green Bay, this low-maintenance brick apartment building features six units: two 2-bedroom units and four 1-bedroom units. The total gross rents are $4300.00 per month, with proforma market rents estimated at $5200. One long-term tenant receives a discounted rental rate, and three units participate in housing assistance programs. A common parking area is available for tenants. According to seller estimates, a newer washer and dryer are available for common tenant use. The landlord is responsible for water and sewer costs, estimated at $175 per month. Snow removal expenses are approximately $55 per occurrence, and a tenant handles mowing for $20 per week. Tenants are responsible for their individual electricity costs. Each unit is equipped with electric heat with individual controls and wall AC units. The roof is estimated to be 6 years old. The property is well-maintained, though not recently updated. Included with the property are six oven/ranges, six refrigerators, six wall AC units, one washer, and one dryer located in the common basement area.
Key Highlights
- Six‑unit apartment building in the SW metro area of Green Bay.
- Current gross rents of $4300/month with proforma market rents estimated at $5200/month.
- Low‑maintenance brick construction.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.9k | $15.60 |
| − Vacancy | −$3.5k | −$0.81 |
| EGI | $63.4k | $14.79 |
| − OpEx | −$28.5k | −$6.65 |
| NOI | $34.9k | $8.13 |
4,290 SF · lease $15.60/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$498.5K
$436.2K – $581.6K
NOI $34,894 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$875.2K – $1.17M
NOI $70,013 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Low-maintenance, six-unit apartment building in Green Bay's southwest metro area.
Where is this apartment building located?
The property is located at 1636 Janice Ave Green Bay, WI.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Six‑unit apartment building in the SW metro area of Green Bay.; Current gross rents of $4300/month with proforma market rents estimated at $5200/month.; Low‑maintenance brick construction.
