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Multi-Family Rental with Two Buildings

1841 OAKDALE Avenue Green Bay, WI 54302

Claim this Listing
For Sale
$337,500

MULTI_FAMILY - GREEN BAY, WI

Property size:
2,032 SF
Lot size:
0.26 Acres
Price / SF:
$166.09/SF
Added:
Jun 1, 2026
Days on Market:
44
Last Refresh:
Jul 14 at 10:06 am

Property Features for 1841 OAKDALE Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Standard status
Active
APN
21-1854
Size
2,032 SF
Lot size
0.26 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
0.258 AC M/L GREILING REALTY COS PLAT OF OAKDALE LOT 18 EX N 87 FT
Tax Annual Amount
3091

Utilities

Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public

Building Details

Year built
1903
Number of units
3
Building materials
Shake Siding

Listing agent Brian J. Friebel License #94-91522

Listing office Century 21 Affiliated 775 S Nicolet Rd, Appleton, WI

Listing date Jun 1, 2026

MLS# 50326550 Listing URL

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.

Multi-family residential income property on one parcel with two separate buildings, providing three rental units total. The front upper/lower duplex includes two 2-bedroom, 1-bath units. A rear standalone 1-story home offers one 1-bedroom, 1-bath unit. Updates have been completed throughout the property, and tenants pay separate utilities. Heating includes a gas space heater for the upper duplex unit, and gas forced-air furnaces for the lower unit and the rear home.

The property is located at 1841 OAKDALE Avenue in Green Bay, directly across the street from a park.

Showings are delayed until June 6th and 7th (Saturday & Sunday) from 12:00 PM to 5:00 PM only, with an open house on June 6th from 12:00 PM to 2:00 PM. All offers must be submitted by Monday at noon and will be reviewed Monday evening June 8th.

Key Highlights

  • Three rental units on one parcel with two separate buildings
  • Front upper/lower duplex includes two 2‑bedroom, 1‑bath units
  • Rear standalone 1‑story home features 1 bedroom and 1 bath

Local Financial Insights For Multifamily LT 5

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 $26.8k $13.20
− Vacancy −$1.5k −$0.73
EGI $25.3k $12.47
− OpEx −$7.6k −$3.74
NOI $17.7k $8.73
2,032 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$253.5K
$221.8K – $295.7K (±1% cap)
NOI $17,743 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$236.1K
$206.6K – $275.5K (±1% cap)
NOI $16,528 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$473.7K
$414.5K – $552.7K (±1% cap)
NOI $33,162 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Skin Care Clinic Building Supply Daycare Center Carpet & Flooring Store Electrical Service (Bike/Boat/Book/etc) Store Acupuncture (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Three rental units on one parcel, including a front upper/lower duplex and a rear 1-bedroom, 1-bath home.
Where is this duplex located?
The property is located at 1841 OAKDALE Avenue Green Bay, WI.
What is the asking price?
The asking price for this property is $337,500.
What are key features of this property?
This property features: Three rental units on one parcel with two separate buildings; Front upper/lower duplex includes two 2‑bedroom, 1‑bath units; Rear standalone 1‑story home features 1 bedroom and 1 bath
Contact an agent
More about this property
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