Triplex with Fenced
New
For Sale
$399,900
2909 HUMBOLDT Road, Green Bay, WI 54311
A side-by-side layout includes a basement apartment and decks, with the property situated across from Henry S. Baird Park.
Property Size3,240 SF
Price / SF$123.43
Days on Market5
Property Features for 2909 HUMBOLDT Road
General Information
Standard status
Active
Size
3,240 SF
Property subtype
Duplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,331
Building Details
Building Size
3,240 SF
Year Built
1980
Listing Agency:
Resource One Realty, LLC
Listed By:
James D. Depas · License #91-700983
(920) 536-0125
Source:
C21ace
Added: Oct 16
Changed: Oct 20
Last Checked: Oct 19 at 2:41PM
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 Resource One Realty, LLC
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Investment Insights
Based on property information with market context.
This 3,240-square-foot triplex, built in 1980, comprises side-by-side units and a basement apartment on the 2909 side. Both primary units have decks overlooking a fenced lot. A 12-by-16-foot storage shed with a concrete floor adds on-site storage. The 2911 basement is stubbed for a second bathroom, and the 2909 first floor has laundry. Included equipment consists of three washers, three dryers, three ranges, and two dishwashers.
The property is directly across from the 13-acre Henry S. Baird Park, next to Baird Elementary. Park amenities include a pickleball court, playground, and picnic area. The fenced lot backs to Schmitt Park Community.
The property is directly across from the 13-acre Henry S. Baird Park, next to Baird Elementary. Park amenities include a pickleball court, playground, and picnic area. The fenced lot backs to Schmitt Park Community.
Key Highlights
- 3,240‑square‑foot triplex with a basement apartment on the 2909 side
- Side‑by‑side primary units, both with decks
- 12x16 storage shed with concrete floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,291
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,820
$565.8K
Cap Rate 7%
$404,157
$404.2K
Cap Rate 9%
$314,344
$314.3K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$42.8K $13.20/SF
− Vacancy
−$2.4K −$0.73/SF
EGI
$40.4K $12.47/SF
− OpEx
−$12.1K −$3.74/SF
NOI
$28.3K $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 Rate 5%
$565,820
Cap Rate 7%
$404,157
Cap Rate 9%
$314,344
Alternative Uses
Best Use
Multifamily LT 5
$404.2K
$353.6K – $471.5K
NOI $28,291 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$376.5K
$329.4K – $439.2K
NOI $26,354 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$755.4K
$661.0K – $881.3K
NOI $52,877 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - A side-by-side layout includes a basement apartment and decks, with the property situated across from Henry S. Baird Park.
Where is this triplex located?
The property is located at 2909 HUMBOLDT Road 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: 3,240‑square‑foot triplex with a basement apartment on the 2909 side; Side‑by‑side primary units, both with decks; 12x16 storage shed with concrete floor
