Two-Unit Duplex with Fenced
For Sale
$219,000
324 South Roosevelt Street, Green Bay, WI 54301
Upper and lower residences each offer two bedrooms and one full bathroom, with a garage and fenced outdoor area.
Property Size1,506 SF
Price / SF$145.42
Days on Market283
Property Features for 324 South Roosevelt Street
General Information
Standard status
Active
Size
1,506 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,749
Amenities
fenced yard
Forced Air,Radiant
2
Natural Gas
1
Full
Block
1.5 Story,Multi-Level
Aluminum Siding
1st Floor Bedroom,1st Floor Full Bath
Building Details
Year Built
1898
Buildings
1
Listing Agency:
Mark D Olejniczak Realty, Inc.
(920) 321-9127
Listed By:
Todd J Wucherer · License #94-84287
(920) 321-9127
Source:
Compass
Added: Nov 19, 2025
Changed: Aug 29
Last Checked: Aug 29 at 6:21PM
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 Mark D Olejniczak Realty, Inc.
Investment Insights
Based on property information with market context.
This 1,506-square-foot duplex includes separate upper and lower living areas, each configured with two bedrooms and one full bathroom. The 1.5-story, multi-level property features first-floor bedroom and full-bath accommodations, aluminum siding, block construction, forced-air and radiant heat, and natural gas service. A garage and fenced yard are also included. Built in 1898, the property is being offered in as-is, where-is condition and is zoned 2 Family/Duplex.
The property is located at 324 South Roosevelt Street in Green Bay, near hospitals, stores, and restaurants. Its existing two-unit layout supports residential income use, while the source information also identifies the possibility of returning the home to a single-family configuration.
The property is located at 324 South Roosevelt Street in Green Bay, near hospitals, stores, and restaurants. Its existing two-unit layout supports residential income use, while the source information also identifies the possibility of returning the home to a single-family configuration.
Key Highlights
- 1,506‑square‑foot upper‑lower duplex
- Two bedrooms and one full bathroom in each unit
- Zoned 2 Family/Duplex
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,150
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$263,000
$263.0K
Cap Rate 7%
$187,857
$187.9K
Cap Rate 9%
$146,111
$146.1K
Market Conditions
NOI Build-Up for 1,506 SF
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.
Gross rent
$19.9K $13.20/SF
− Vacancy
−$1.1K −$0.73/SF
EGI
$18.8K $12.47/SF
− OpEx
−$5.6K −$3.74/SF
NOI
$13.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$263,000
Cap Rate 7%
$187,857
Cap Rate 9%
$146,111
Alternative Uses
Best Use
Multifamily LT 5
$187.9K
$164.4K – $219.2K
NOI $13,150 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$175.0K
$153.1K – $204.2K
NOI $12,250 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$351.1K
$307.2K – $409.6K
NOI $24,578 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,928
Businesses Nearby
Explore this area
Business Placement
Demographics for 54301, WI
22,875
Population
10,532
Households
2.2
Avg Household Size
39
Median Age
38%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
3,519
Density / Sq Mi
$76,768
Median Household Income
$45,717
Median Earnings
$929
Median Rent
$205,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Upper and lower residences each offer two bedrooms and one full bathroom, with a garage and fenced outdoor area.
Where is this duplex located?
The property is located at 324 South Roosevelt Street Green Bay, WI.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 1,506‑square‑foot upper‑lower duplex; Two bedrooms and one full bathroom in each unit; Zoned 2 Family/Duplex
