Updated Duplex with Privacy
For Sale
$470,000
2745 Monaco Dr, Green Bay, WI 54311
Income property with month-to-month tenancy, tenant-paid utilities, and convenient highway access.
Property Size2,688 SF
Price / SF$174.85
Days on Market73
Property Features for 2745 Monaco Dr
General Information
Standard status
Active
Size
2,688 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1992
Listing Agency:
Lannon Stone Realty, LLC
Listed By:
Nancy M. Ruben · License #9445292
(920) 983-5450
Source:
Lisakawula
Added: Aug 5
Changed: Oct 2
Last Checked: Oct 7 at 4:39PM
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 Lannon Stone Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex contains 2,688 square feet and was constructed in 1992. The property offers three bedrooms and one-and-a-half baths, along with a maintenance-free privacy fence. Reported improvements include a roof, furnaces, and windows, with update dates identified in the property records.
Both units are occupied by month-to-month tenants who pay all utilities. Highway access is noted, and showings require 24-hour notice. The sale is contingent on the successful closing of the seller’s other Monaco Road property.
Both units are occupied by month-to-month tenants who pay all utilities. Highway access is noted, and showings require 24-hour notice. The sale is contingent on the successful closing of the seller’s other Monaco Road property.
Key Highlights
- Duplex with 2,688 SF of building area
- Built in 1992
- Three bedrooms and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,471
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,420
$469.4K
Cap Rate 7%
$335,300
$335.3K
Cap Rate 9%
$260,789
$260.8K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$35.5K $13.20/SF
− Vacancy
−$2.0K −$0.73/SF
EGI
$33.5K $12.47/SF
− OpEx
−$10.1K −$3.74/SF
NOI
$23.5K $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%
$469,420
Cap Rate 7%
$335,300
Cap Rate 9%
$260,789
Alternative Uses
Best Use
Multifamily LT 5
$335.3K
$293.4K – $391.2K
NOI $23,471 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$312.3K
$273.3K – $364.4K
NOI $21,864 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$626.7K
$548.4K – $731.1K
NOI $43,868 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 54311, WI
37,532
Population
15,047
Households
2.5
Avg Household Size
38
Median Age
33%
College-Educated
94%
High-School Grad
68.2 sq mi
ZIP Area
550
Density / Sq Mi
$83,178
Median Household Income
$43,191
Median Earnings
$1,063
Median Rent
$272,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Income property with month-to-month tenancy, tenant-paid utilities, and convenient highway access.
Where is this duplex located?
The property is located at 2745 Monaco Dr Green Bay, WI.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Duplex with 2,688 SF of building area; Built in 1992; Three bedrooms and 1.5 baths
