Upper/Lower Duplex with Private
309 Irene Street Green Bay, WI 54302
309 Irene Street, Green Bay, WI, 54302
$249,900
For Sale
$249,900
Residential Multi Family, Other - Green Bay, WI
Property Size1,456 SF
Lot Size0.24 Acres
Price / SF$171.63
Days on Market128
Property Features for 309 Irene Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,456 SF
- Lot size
- 0.24 Acres
Building Details
- Year built
- 1918
- Architectural style
- Other
Listing Agency
NextHome Select Realty
(920) 204-6939
1700 Sand Acres Drive, Suite 2A, WI
Listed by
Chad VanderKelen · License #94-93270,PersonLicenseNumber
(920) 860-5873
Added: Mar 12 Checked: Jul 17 at 8:06 pm
MLS# 50322171
Listing URL
Copyright © 2026 NextHome, Inc. 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 upper/lower duplex provides flexible occupancy with month-to-month leases in place. The lower unit opens from a covered front porch into a bright living room and includes a formal dining space and a generous kitchen. French doors lead to the main bedroom, and the unit offers direct basement access for in-unit laundry and storage.
Upstairs, the layout features a dining area, comfortable bedrooms, and kitchen counter and cabinet space.
Outside, the property includes a backyard with a patio and firepit, along with a detached two-car garage with one stall assigned to each unit. The home sits on a spacious lot in Green Bay, with parks and schools nearby and downtown just minutes away.
Upstairs, the layout features a dining area, comfortable bedrooms, and kitchen counter and cabinet space.
Outside, the property includes a backyard with a patio and firepit, along with a detached two-car garage with one stall assigned to each unit. The home sits on a spacious lot in Green Bay, with parks and schools nearby and downtown just minutes away.
Key Highlights
- 1918 upper/lower duplex on a spacious lot in Green Bay
- Month‑to‑month leases in place for flexible ownership or investment use
- Lower unit features a covered front porch, bright living room, formal dining, and generous kitchen
Local 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 | $19.2k | $13.20 |
| − Vacancy | −$1.1k | −$0.73 |
| EGI | $18.2k | $12.47 |
| − OpEx | −$5.4k | −$3.74 |
| NOI | $12.7k | $8.73 |
1,456 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$181.6K
$158.9K – $211.9K
NOI $12,714 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$169.2K
$148.0K – $197.4K
NOI $11,843 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$339.5K
$297.0K – $396.0K
NOI $23,762 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Upper and lower duplex with month-to-month leases, covered porch, basement access, and a detached two-car garage.
Where is this duplex located?
The property is located at 309 Irene Street Green Bay, WI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1918 upper/lower duplex on a spacious lot in Green Bay; Month‑to‑month leases in place for flexible ownership or investment use; Lower unit features a covered front porch, bright living room, formal dining, and generous kitchen
