Updated Two-Unit
New
For Sale
$229,900
1733 Smith St, Green Bay, WI 54302
Two occupied apartments share basement laundry, a deck and a partially fenced yard.
Property Size1,984 SF
Price / SF$115.88
Days on Market3
Property Features for 1733 Smith St
General Information
Standard status
Active
Size
1,984 SF
Property subtype
Multi-Family
Occupancy
100%
Financials
Gross Income
$26,208
Average Monthly Rent
$1,092
Site & Location
Neighborhood
Kennedy Park
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
basement laundry
deck
partially fenced yard
garage
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
Renard Realty
Listed By:
Shane Renard - Principal Broker Owner · License #9057962
(920) 606-4436
Source:
Renardrealtygroup
Added: Nov 4
Last Checked: Nov 4 at 11:32AM
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 Renard Realty
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,984 square feet, with a two-bedroom apartment upstairs and a three-bedroom unit on the main floor. Both units are occupied. Basement laundry and a full basement with separate access from each apartment add functional space, while a deck and partially fenced yard provide outdoor areas. A 2.5-car garage is also included. The building dates to 1900 and has received updates.
Key Highlights
- Two apartments: 2 bedrooms upstairs and 3 bedrooms on the main floor
- 1,984 square feet in a building constructed in 1900
- Both units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,324
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,480
$346.5K
Cap Rate 7%
$247,486
$247.5K
Cap Rate 9%
$192,489
$192.5K
Market Conditions
NOI Build-Up for 1,984 SF
Gross rent
$26.2K $13.20/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$24.7K $12.47/SF
− OpEx
−$7.4K −$3.74/SF
NOI
$17.3K $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%
$346,480
Cap Rate 7%
$247,486
Cap Rate 9%
$192,489
Alternative Uses
Best Use
Multifamily LT 5
$247.5K
$216.6K – $288.7K
NOI $17,324 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$230.5K
$201.7K – $269.0K
NOI $16,138 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$462.6K
$404.7K – $539.7K
NOI $32,379 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied apartments share basement laundry, a deck and a partially fenced yard.
Where is this duplex located?
The property is located at 1733 Smith St Green Bay, WI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two apartments: 2 bedrooms upstairs and 3 bedrooms on the main floor; 1,984 square feet in a building constructed in 1900; Both units are occupied
