Upper-Lower Duplex with Hardwood
For Sale
$214,900
234 N OAKLAND Avenue, Green Bay, WI 54303
Two-level income property with separate residences, classic interior details, and furnaces updated in 2025.
Property Size2,092 SF
Price / SF$102.72
Days on Market26
Property Features for 234 N OAKLAND Avenue
General Information
Standard status
Active
Size
2,092 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
ready for your vision and updates
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,405
Building Details
Building Size
2,092 SF
Year Built
1900
Listing Agency:
Dallaire Realty
(920) 213-5810
Listed By:
Andrew J. Brisson · License #91-936940
(920) 213-5810
Source:
C21ace
Added: Aug 4
Changed: Aug 26
Last Checked: Aug 29 at 3:31PM
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 Dallaire Realty
Investment Insights
Based on property information with market context.
This 2,092-square-foot duplex contains two 2BR/1BA residences arranged in an upper-and-lower configuration. The 1900-built property includes hardwood flooring in both bedrooms, the dining area, and kitchen of the upper unit, while the lower residence features hardwood floors in its formal dining room and French doors connecting the living room to the primary bedroom. Both furnaces were updated in 2025.
The property is located at 234 N OAKLAND Avenue in Green Bay, near downtown amenities, restaurants, shopping, and entertainment. Its two-unit layout and established residential construction provide a clearly defined multifamily format for an owner or buyer evaluating a duplex property.
The property is located at 234 N OAKLAND Avenue in Green Bay, near downtown amenities, restaurants, shopping, and entertainment. Its two-unit layout and established residential construction provide a clearly defined multifamily format for an owner or buyer evaluating a duplex property.
Key Highlights
- Two 2BR/1BA units in an upper‑and‑lower duplex layout
- 2,092 SF property built in 1900
- Both furnaces updated in 2025
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
$18,267
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
8.50%
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%
$365,340
$365.3K
Cap Rate 7%
$260,957
$261.0K
Cap Rate 9%
$202,967
$203.0K
Market Conditions
NOI Build-Up for 2,092 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
$27.6K $13.20/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$26.1K $12.47/SF
− OpEx
−$7.8K −$3.74/SF
NOI
$18.3K $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%
$365,340
Cap Rate 7%
$260,957
Cap Rate 9%
$202,967
Alternative Uses
Best Use
Multifamily LT 5
$261.0K
$228.3K – $304.5K
NOI $18,267 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$243.1K
$212.7K – $283.6K
NOI $17,016 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$487.7K
$426.8K – $569.0K
NOI $34,141 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,285
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level income property with separate residences, classic interior details, and furnaces updated in 2025.
Where is this duplex located?
The property is located at 234 N OAKLAND Avenue Green Bay, WI.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Two 2BR/1BA units in an upper‑and‑lower duplex layout; 2,092 SF property built in 1900; Both furnaces updated in 2025
