Brick Exterior
For Sale
$425,000
215 Cleveland St, Green Bay, WI 54303
Four-unit property with basement storage, one vacant unit, and individual indoor basement access for residents.
Property Size2,343 SF
Price / SF$181.39
Days on Market94
Property Features for 215 Cleveland St
General Information
Standard status
Active
Size
2,343 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
individual basement storage units
indoor basement access
Building Details
Year Built
1979
Construction
brick
Listed By:
Tiffany Holtz | Coldwell Banker
(920) 574-4422
Source:
Tiffanyholtz
Added: Jul 16
Changed: Sep 3
Last Checked: Aug 30 at 11:38PM
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 Tiffany Holtz | Coldwell Banker
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Investment Insights
Based on property information with market context.
This four-unit residential income property was built in 1979 and has a low-maintenance brick exterior. The building includes individual basement storage areas, with interior basement access serving each unit. Numerous updates have been completed, and one unit is currently vacant. The property is positioned on a quiet cul-de-sac at 215 Cleveland St in Green Bay, Wisconsin.
The property is located 2.2 miles from Lambeau Field and near shopping, dining, and parks. Longtime tenants occupy the other units, providing established tenancy alongside the available unit. The property size is listed as 2,343, and the four-unit configuration supports both rental operations and owner occupancy.
The property is located 2.2 miles from Lambeau Field and near shopping, dining, and parks. Longtime tenants occupy the other units, providing established tenancy alongside the available unit. The property size is listed as 2,343, and the four-unit configuration supports both rental operations and owner occupancy.
Key Highlights
- Four‑unit property built in 1979
- Low‑maintenance brick exterior
- One unit currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,459
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,180
$409.2K
Cap Rate 7%
$292,271
$292.3K
Cap Rate 9%
$227,322
$227.3K
Market Conditions
NOI Build-Up for 2,343 SF
Gross rent
$30.9K $13.20/SF
− Vacancy
−$1.7K −$0.73/SF
EGI
$29.2K $12.47/SF
− OpEx
−$8.8K −$3.74/SF
NOI
$20.5K $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%
$409,180
Cap Rate 7%
$292,271
Cap Rate 9%
$227,322
Alternative Uses
Best Use
Multifamily LT 5
$292.3K
$255.7K – $341.0K
NOI $20,459 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$272.3K
$238.2K – $317.6K
NOI $19,058 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$546.3K
$478.0K – $637.3K
NOI $38,238 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Explore this area
Business Placement
Demographics for 54303, WI
27,478
Population
13,088
Households
2.1
Avg Household Size
36
Median Age
18%
College-Educated
91%
High-School Grad
11.5 sq mi
ZIP Area
2,389
Density / Sq Mi
$58,110
Median Household Income
$38,983
Median Earnings
$859
Median Rent
$160,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with basement storage, one vacant unit, and individual indoor basement access for residents.
Where is this quadplex located?
The property is located at 215 Cleveland St Green Bay, WI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four‑unit property built in 1979; Low‑maintenance brick exterior; One unit currently vacant
