12-Unit Apartment
For Sale
$2,260,000
1747 Oakdale Ave, Green Bay, WI 54302
Mixed townhouse and apartment layout with full basements in eight townhouse units.
Property Size11,780 SF
Price / SF$191.85
Days on Market46
Property Features for 1747 Oakdale Ave
General Information
Standard status
Active
Size
11,780 SF
Property subtype
Multi-Family
Units
Unit Mix
8 x townhouse, 4 x apartment
Multifamily Units
12
Additional Details
Cap Rate
7.51%
Amenities
coin-operated laundry
Building Details
Year Built
1978
Listing Agency:
Place Perfect Realty
(920) 639-2291
Listed By:
Taylor R. Hansen · License #90-56958
Source:
Lisakawula
Added: Jul 16
Changed: Aug 29
Last Checked: Aug 25 at 5:02AM
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 Place Perfect Realty
Investment Insights
Based on property information with market context.
This 12-unit apartment property, built in 1978, contains 11,780 square feet across a varied residential configuration. The unit mix includes eight townhouses with full basements and four apartments, creating distinct layouts within one multifamily asset. A shared area with coin-operated laundry equipment serves the property.
The property is located at 1747 Oakdale Avenue in Green Bay, Wisconsin. Financial performance is reflected by a 7.51% cap rate, while the physical setup includes both townhouse and apartment formats. The combination of unit variety, basement space, and common laundry provides a clear operating framework for a multifamily owner.
The property is located at 1747 Oakdale Avenue in Green Bay, Wisconsin. Financial performance is reflected by a 7.51% cap rate, while the physical setup includes both townhouse and apartment formats. The combination of unit variety, basement space, and common laundry provides a clear operating framework for a multifamily owner.
Key Highlights
- 12‑unit multifamily property with 11,780 square feet
- Eight townhouses with full basements
- Four apartment units included in the mix
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
$95,817
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
4.24%
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%
$1,916,340
$1.9M
Cap Rate 7%
$1,368,814
$1.4M
Cap Rate 9%
$1,064,633
$1.1M
Market Conditions
NOI Build-Up for 11,780 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
$183.8K $15.60/SF
− Vacancy
−$9.6K −$0.81/SF
EGI
$174.2K $14.79/SF
− OpEx
−$78.4K −$6.65/SF
NOI
$95.8K $8.13/SF
Area
Green Bay, WI
Vacancy
5.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
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%
$1,916,340
Cap Rate 7%
$1,368,814
Cap Rate 9%
$1,064,633
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $95,817 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.75M
$2.40M – $3.20M
NOI $192,250 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
470
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?
Apartment building - Mixed townhouse and apartment layout with full basements in eight townhouse units.
Where is this apartment building located?
The property is located at 1747 Oakdale Ave Green Bay, WI.
What is the asking price?
The asking price for this property is $2,260,000.
What are key features of this property?
This property features: 12‑unit multifamily property with 11,780 square feet; Eight townhouses with full basements; Four apartment units included in the mix
