Side-by-Side
2055 Packerland Dr, Green Bay, WI 54304
For Sale
New
$314,900
Each residence has separate utilities, a two-bedroom layout, and its own basement.
Property Size1,774 SF
Price / SF$177.51
Days on Market2
Property Features for 2055 Packerland Dr
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Renard Realty
Listed By:
Shane Renard - Principal Broker Owner · License WI #9057962
(920) 606-4436
Source:
Renardrealtygroup
Added: Nov 8
Last Checked: Nov 8 at 5:55PM
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.
Built in 1983, this 1,774-square-foot duplex is arranged as two side-by-side residences. Each unit has two bedrooms, one full bathroom, an open-concept living area, and a full basement. Refrigerators and stoves are included, and each unit has separate utilities. Both residences are occupied on month-to-month terms.
The property is at 2055 Packerland Dr in Green Bay, near parks, schools, and bus lines.
The property is at 2055 Packerland Dr in Green Bay, near parks, schools, and bus lines.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom
- 1,774 square feet total
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,490
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,800
$309.8K
Cap Rate 7%
$221,286
$221.3K
Cap Rate 9%
$172,111
$172.1K
Market Conditions
NOI Build-Up for 1,774 SF
Gross rent
$23.4K $13.20/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$22.1K $12.47/SF
− OpEx
−$6.6K −$3.74/SF
NOI
$15.5K $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%
$309,800
Cap Rate 7%
$221,286
Cap Rate 9%
$172,111
Alternative Uses
Best Use
Multifamily LT 5
$221.3K
$193.6K – $258.2K
NOI $15,490 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$206.1K
$180.4K – $240.5K
NOI $14,429 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$413.6K
$361.9K – $482.5K
NOI $28,952 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
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Business Placement
Demographics for 54304, WI
27,679
Population
12,997
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
11.7 sq mi
ZIP Area
2,366
Density / Sq Mi
$60,369
Median Household Income
$38,926
Median Earnings
$935
Median Rent
$200,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Green Bay, WI
Properties on Market for Duplexes in Green Bay
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate utilities, a two-bedroom layout, and its own basement.
Where is this duplex located?
The property is located at 2055 Packerland Dr Green Bay, WI.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom; 1,774 square feet total; Separate utilities for each unit
