Two-Building Quadplex
New
For Sale
$649,000
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
Price / SF$168.31
Days on Market3
Property Features for 2241 Imperial Ln
General Information
Standard status
Active
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
(920) 606-4436
Listed By:
Shane Renard - Principal Broker Owner · License #9057962
(920) 606-4436
Source:
Renardrealtygroup
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 10:50PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,670
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
