Well-Maintained Duplex in Green
202 IRENE Street Green Bay, WI 54302
For Sale
$189,900
MULTI_FAMILY - GREEN BAY, WI
Property Size1,596 SF
Lot Size0.24 Acres
Price / SF$118.98
Days on Market127
Property Features for 202 IRENE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Standard status
Active
APN
21-2326-1
Size
1,596 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2661
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1942
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
EXP Realty LLC
(866) 848-6990
Listed By:
Zaid E. Jazrawi · License #9485740
(312) 399-5659
Added: Mar 23
Changed: Jul 26
Last Checked: Jul 27 at 11:06AM
MLS# 50322676
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.
This well-maintained duplex offers flexibility and income potential. The property features two separate units, a common area, well-sized bedrooms, ample storage space, a manageable yard, and parking space. The upper unit contains two bedrooms, one bath, and a kitchen, while the lower unit has one bedroom, one bathroom, and a kitchen. The property is located 10 minutes from downtown, providing easy access to schools, parks, shopping, dining, and public transportation. The property size is 1596 square feet and the lot size is 0.24 acres.
Key Highlights
- Income potential as a well‑maintained duplex with two separate units
- Convenient location: 10 minutes from downtown with easy access to schools, parks, shopping, dining, and public transportation
- Two units: Upper unit (2 bedrooms, 1 bath, kitchen) and lower unit (1 bedroom, 1 bath, 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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with income potential, near downtown Green Bay.
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: Income potential as a well‑maintained duplex with two separate units; Convenient location: 10 minutes from downtown with easy access to schools, parks, shopping, dining, and public transportation; Two units: Upper unit (2 bedrooms, 1 bath, kitchen) and lower unit (1 bedroom, 1 bath, kitchen)
