Well-Maintained Duplex with
202 IRENE Street Green Bay, WI 54302
For Sale
$189,900
Duplex includes two units, shared common area, a manageable yard, and parking, with upper and lower unit bedroom configurations.
Property Size1,596 SF
Price / SF$118.98
Days on Market124
Property Features for 202 IRENE Street
General Information
- Standard status
- Active
- Size
- 1,596 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1942
Listing Agency:
EXP Realty LLC
(312) 399-5659
Listed By:
Zaid E. Jazrawi · License #9485740
Source:
C21ace
Added: Mar 23
Changed: Jul 23
Last Checked: Jul 24 at 1:39PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate units with a shared common area. The upper unit features two bedrooms, one bathroom, and a kitchen. The lower unit includes one bedroom, one bathroom, and a kitchen. Additional practical amenities include ample storage and a manageable yard, along with parking designed for day-to-day convenience.
The property is located about 10 minutes from downtown and provides access to schools, parks, shopping, dining, and public transportation.
As a residential income property, the layout supports straightforward unit separation while maintaining shared outdoor and common-area space for manageable day-to-day operations.
The property is located about 10 minutes from downtown and provides access to schools, parks, shopping, dining, and public transportation.
As a residential income property, the layout supports straightforward unit separation while maintaining shared outdoor and common-area space for manageable day-to-day operations.
Key Highlights
- Well‑maintained duplex built in 1942 with two separate units and a shared common area
- Upper unit: 2 bedrooms, 1 bathroom, and kitchen
- Lower unit: 1 bedroom, 1 bathroom, and kitchen
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 | $21.1k | $13.20 |
| − Vacancy | −$1.2k | −$0.73 |
| EGI | $19.9k | $12.47 |
| − OpEx | −$6.0k | −$3.74 |
| NOI | $13.9k | $8.73 |
1,596 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$199.1K
$174.2K – $232.3K
NOI $13,936 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$185.5K
$162.3K – $216.4K
NOI $12,982 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$372.1K
$325.6K – $434.1K
NOI $26,047 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex includes two units, shared common area, a manageable yard, and parking, with upper and lower unit bedroom configurations.
Where is this duplex located?
The property is located at 202 IRENE Street Green Bay, WI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Well‑maintained duplex built in 1942 with two separate units and a shared common area; Upper unit: 2 bedrooms, 1 bathroom, and kitchen; Lower unit: 1 bedroom, 1 bathroom, and kitchen
