Waterfront Brick
2871 South Broadway Green Bay, WI 54304
For Sale
$399,900
Renovated side-by-side brick duplex with deck and views over Ashwaubomay Creek.
Property Size2,462 SF
Price / SF$162.43
Days on Market184
Property Features for 2871 South Broadway
General Information
- Standard status
- Active
- Size
- 2,462 SF
- Property subtype
- Multifamily / Duplex (2 Unit)
Building Details
- Year Built
- 1978
Listing Agency:
Ruesch Realty
(920) 360-1252
Listed By:
Kevin J Gracyalny · License #94-114779
(920) 360-1252
Source:
Compass
Added: Jan 22
Changed: Jul 23
Last Checked: Jul 23 at 10:55AM
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 Ruesch Realty
Investment Insights
Based on property information with market context.
This waterfront brick, side-by-side duplex at 2871 South Broadway, Green Bay, WI 54304 offers thorough interior renovations to both units. The property also features a new deck on the 2871 side and updated landscaping, designed to support comfortable day-to-day living while overlooking Ashwaubomay Creek.
The duplex is positioned near the entrance to Ashwaubomay Park, giving you the option to enjoy the water from your own yard or walk down to the park. Seller notes that 24-hour notice is required for showings. Staging is virtually staged.
The duplex is positioned near the entrance to Ashwaubomay Park, giving you the option to enjoy the water from your own yard or walk down to the park. Seller notes that 24-hour notice is required for showings. Staging is virtually staged.
Key Highlights
- Renovated waterfront side‑by‑side brick duplex built in 1978 overlooking Ashwaubomay Creek
- Each unit has electric radiant heating with 2 furnaces and 2 water heaters
- Interior amenities include 2 ranges, 2 dishwashers, and 2 refrigerators across the duplex
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.5k | $13.20 |
| − Vacancy | −$1.8k | −$0.73 |
| EGI | $30.7k | $12.47 |
| − OpEx | −$9.2k | −$3.74 |
| NOI | $21.5k | $8.73 |
2,462 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.1K
$268.7K – $358.3K
NOI $21,498 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$286.1K
$250.3K – $333.8K
NOI $20,026 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$574.0K
$502.3K – $669.7K
NOI $40,180 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated side-by-side brick duplex with deck and views over Ashwaubomay Creek.
Where is this duplex located?
The property is located at 2871 South Broadway Green Bay, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Renovated waterfront side‑by‑side brick duplex built in 1978 overlooking Ashwaubomay Creek; Each unit has electric radiant heating with 2 furnaces and 2 water heaters; Interior amenities include 2 ranges, 2 dishwashers, and 2 refrigerators across the duplex
