Two-Building Quadplex
For Sale
$649,000
Pending
2241 Imperial Ln, Green Bay, WI 54302
Eight one-bedroom units feature individual heat controls, dedicated water heaters, and off-street parking.
Property Size3,856 SF
Days on Market49
Property Features for 2241 Imperial Ln
General Information
Standard status
Pending
Size
3,856 SF
Property subtype
Multi-Family
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Additional Details
Utilities to Site
Yes
Amenities
basement laundry hookups
separate storage units
Building Details
Year Built
1975
Buildings
2
Listing Agency:
Renard Realty
Listed By:
Shane Renard - Principal Broker Owner · License #9057962
(920) 606-4436
Source:
Renardrealtygroup
Added: Aug 28
Changed: Oct 12
Last Checked: Oct 14 at 11:24PM
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
Investment Insights
Based on property information with market context.
This Green Bay property includes two four-unit residential buildings with eight total one-bedroom, one-bathroom units. The buildings were constructed in 1975 and provide 3,856 square feet of property size. Each unit has individual heat controls, a dedicated water heater, and a wall-mounted A/C unit, while electricity is separately metered.
Off-street parking serves the property, and each unit has its own storage area. Basement laundry hookups are available in both buildings. A utility easement is in place for electric and gas service. The property is located at 2241 Imperial Ln in Green Bay, Wisconsin.
Off-street parking serves the property, and each unit has its own storage area. Basement laundry hookups are available in both buildings. A utility easement is in place for electric and gas service. The property is located at 2241 Imperial Ln in Green Bay, Wisconsin.
Key Highlights
- Two four‑unit buildings with 8 total units
- All units offer 1 bedroom and 1 bathroom
- 3,856 square feet of property size; built in 1975
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,670
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,400
$673.4K
Cap Rate 7%
$481,000
$481.0K
Cap Rate 9%
$374,111
$374.1K
Market Conditions
NOI Build-Up for 3,856 SF
Gross rent
$50.9K $13.20/SF
− Vacancy
−$2.8K −$0.73/SF
EGI
$48.1K $12.47/SF
− OpEx
−$14.4K −$3.74/SF
NOI
$33.7K $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%
$673,400
Cap Rate 7%
$481,000
Cap Rate 9%
$374,111
Alternative Uses
Best Use
Multifamily LT 5
$481.0K
$420.9K – $561.2K
NOI $33,670 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$448.1K
$392.1K – $522.7K
NOI $31,364 @ 7.0% cap · market cap 4.83%
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.
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Current Use
Lease Details
8
Residential units
Yes
Utilities to site
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Eight one-bedroom units feature individual heat controls, dedicated water heaters, and off-street parking.
Where is this quadplex located?
The property is located at 2241 Imperial Ln 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 four‑unit buildings with 8 total units; All units offer 1 bedroom and 1 bathroom; 3,856 square feet of property size; built in 1975
