Two-Building Apartment
For Sale
$649,000
2241 IMPERIAL Lane, Green Bay, WI 54302
Residential Income, GREEN BAY, WI
Property Size3,856 SF
Lot Size0.38 Acres
Price / SF$168.31
Days on Market51
Property Features for 2241 IMPERIAL Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family(5+Units)
Elementary school district
Green Bay Area
Middle school district
Green Bay Area
High school district
Green Bay Area
Directions
East on E. Mason St, Left on Manitowoc Rd, Right on Winter Ln, Left on Imperial Ln, Left to Property
Standard status
Active
APN
21-3376
Size
3,856 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8616
Utilities
Sewer type
Public Sewer
Heating system
Radiant
Water source
Public
Amenities
individual heat controls
dedicated water heater
wall-mounted A/C unit
basement laundry hookups
separate storage units
off-street parking
Building Details
Year built
1975
Number of units
8
Building materials
Brick
Listing Agency:
Keller Williams Green Bay · Keller Williams Realty
(920) 632-7702
Listed By:
Matt Jorgenson · License #9059236
(920) 360-9342
Added: Aug 25
Changed: Oct 13
Last Checked: Oct 14 at 10:06AM
MLS# 50331634
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 multifamily property comprises two brick apartment buildings with eight total one-bedroom, one-bathroom units. The buildings provide 3,856 square feet of space and were constructed in 1975. Each apartment has individual heat controls, a dedicated water heater, and a wall-mounted A/C unit, while electricity is separately metered. Radiant heating serves the buildings, and each unit has its own storage area.
Basement laundry hookups, off-street parking, public water, and public sewer support day-to-day operations. The property is zoned Multi-Family(5+Units) and includes a utility easement. Located in Green Bay, Wisconsin, the asset offers a compact apartment configuration with unit-level utility features and shared building amenities.
Basement laundry hookups, off-street parking, public water, and public sewer support day-to-day operations. The property is zoned Multi-Family(5+Units) and includes a utility easement. Located in Green Bay, Wisconsin, the asset offers a compact apartment configuration with unit-level utility features and shared building amenities.
Key Highlights
- Two 4‑unit apartment buildings with 8 total units
- Eight 1‑bedroom, 1‑bathroom units
- 3,856 square feet across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,364
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,280
$627.3K
Cap Rate 7%
$448,057
$448.1K
Cap Rate 9%
$348,489
$348.5K
Market Conditions
NOI Build-Up for 3,856 SF
Gross rent
$60.2K $15.60/SF
− Vacancy
−$3.1K −$0.81/SF
EGI
$57.0K $14.79/SF
− OpEx
−$25.7K −$6.65/SF
NOI
$31.4K $8.13/SF
Area
Green Bay, WI
Vacancy
5.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,280
Cap Rate 7%
$448,057
Cap Rate 9%
$348,489
Alternative Uses
Best Use
Apartment 5plus
$448.1K
$392.1K – $522.7K
NOI $31,364 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$899.0K
$786.6K – $1.05M
NOI $62,930 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Explore this area
Business Placement
Demographics for 54302, WI
31,327
Population
13,390
Households
2.3
Avg Household Size
34
Median Age
19%
College-Educated
81%
High-School Grad
9.2 sq mi
ZIP Area
3,405
Density / Sq Mi
$55,772
Median Household Income
$37,257
Median Earnings
$881
Median Rent
$164,500
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick apartment property with separately metered electricity, individual heat controls, and off-street parking.
Where is this apartment building located?
The property is located at 2241 IMPERIAL Lane Green Bay, WI.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two 4‑unit apartment buildings with 8 total units; Eight 1‑bedroom, 1‑bathroom units; 3,856 square feet across the property
