Fully Occupied Brick
For Sale
$339,900
Pending
242 N TAYLOR Street, Green Bay, WI 54303
Residential Income, GREEN BAY, WI
Property Size2,268 SF
Lot Size0.23 Acres
Days on Market48
Property Features for 242 N TAYLOR Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Recreational
Parking
2
Elementary school district
Green Bay Area
Middle school district
Green Bay Area
High school district
Green Bay Area
Directions
CORNER OF NORTH TAYLOR AND DOUSEMAN ON ACROSS FROM FLEET FARM CARWASH.
Standard status
Pending
APN
6-225
Size
2,268 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4575
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Number of units
2
Building materials
Brick
Listing Agency:
Ben Bartolazzi Real Estate, Inc
(920) 770-4015
Listed By:
Ben M. Bartolazzi · License #9058261
(920) 639-3141
Added: Jul 13
Changed: Aug 28
Last Checked: Aug 29 at 11:06PM
MLS# 50329017
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 fully occupied duplex contains 2,268 square feet arranged as two residential units. Each unit includes two bedrooms, 1.5 bathrooms, a living room, kitchen, and family room positioned off the kitchen. Brick construction, central air, and forced-air heating serve the building, which was constructed in 1986.
The property sits on a 0.23-acre lot at 242 N Taylor Street in Green Bay. Shopping is nearby, and the location provides highway access. Public water and public sewer serve the property, and the recorded zoning is Recreational.
The property sits on a 0.23-acre lot at 242 N Taylor Street in Green Bay. Shopping is nearby, and the location provides highway access. Public water and public sewer serve the property, and the recorded zoning is Recreational.
Key Highlights
- Fully occupied duplex with two units
- Each unit offers 2 bedrooms and 1.5 bathrooms
- 2,268 square feet on a 0.23‑acre lot
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
$19,804
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
5.83%
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%
$396,080
$396.1K
Cap Rate 7%
$282,914
$282.9K
Cap Rate 9%
$220,044
$220.0K
Market Conditions
NOI Build-Up for 2,268 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
$29.9K $13.20/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$28.3K $12.47/SF
− OpEx
−$8.5K −$3.74/SF
NOI
$19.8K $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%
$396,080
Cap Rate 7%
$282,914
Cap Rate 9%
$220,044
Alternative Uses
Best Use
Multifamily LT 5
$282.9K
$247.6K – $330.1K
NOI $19,804 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$263.5K
$230.6K – $307.5K
NOI $18,448 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$528.8K
$462.7K – $616.9K
NOI $37,014 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
767
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 residential units feature flexible living areas, central air, and forced-air heating.
Where is this duplex located?
The property is located at 242 N TAYLOR Street Green Bay, WI.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Fully occupied duplex with two units; Each unit offers 2 bedrooms and 1.5 bathrooms; 2,268 square feet on a 0.23‑acre lot
