3-Unit Triplex with Fenced
New
For Sale
$399,900
2909 HUMBOLDT Road, Green Bay, WI 54311
Residential Income, GREEN BAY, WI
Property Size3,240 SF
Lot Size0.37 Acres
Price / SF$123.43
Days on Market2
Property Features for 2909 HUMBOLDT Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
2 Family/Duplex
Parking
2
Lot features
Sidewalk
Elementary school district
Green Bay Area
Middle school district
Green Bay Area
High school district
Green Bay Area
Directions
University Ave to Humboldt Road
Standard status
Active
APN
213231
Size
3,240 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5331
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Oil
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Number of units
2
Building materials
Aluminum Siding, Brick, Shake Siding
Listing Agency:
Resource One Realty, LLC
(920) 983-5450
Listed By:
James D. Depas · License #91700983
(920) 536-0125
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 17 at 12:06AM
MLS# 50334518
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.
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Investment Insights
Based on property information with market context.
This 3,240-square-foot residential property, built in 1980, has a side-by-side layout with a basement unit on the 2909 side. That side is currently configured for two units, while the 2911 basement is stubbed for a second bathroom. Both residences have decks facing the fenced lot, and a 12-by-16-foot storage shed with a concrete floor adds on-site storage. The 2909 side has first-floor laundry. Included appliances comprise three washers, three dryers, three ranges, and two dishwashers. Heating is oil-fired forced air, with central air conditioning; public water and sewer serve the property. Zoning is listed as 2 Family/Duplex.
The property occupies a 0.37-acre lot directly across from 13-acre Henry S. Baird Park, next to Baird Elementary. The park includes a pickleball court, playground, and picnic area. On-site parking is also available.
The property occupies a 0.37-acre lot directly across from 13-acre Henry S. Baird Park, next to Baird Elementary. The park includes a pickleball court, playground, and picnic area. On-site parking is also available.
Key Highlights
- 3,240‑square‑foot building on a 0.37‑acre lot
- Side‑by‑side configuration with a basement unit on the 2909 side
- 2909 side currently operates as two units; 2911 basement is stubbed for a second bathroom
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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Current Use
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Side-by-side residences include outdoor decks, on-site laundry, and a storage shed with a concrete floor.
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 building on a 0.37‑acre lot; Side‑by‑side configuration with a basement unit on the 2909 side; 2909 side currently operates as two units; 2911 basement is stubbed for a second bathroom
