Ranch Duplex Income
401 Steven Street Green Bay, WI 54303
401 Steven Street, Green Bay, WI, 54303
$419,900
For Sale
$419,900
Sprawling ranch duplex featuring two attached garages, separate lower-level rec space, and fenced yards with decks.
Property Size4,344 SF
Price / SF$96.66
Days on Market71
Property Features for 401 Steven Street
General Information
- Standard status
- Active
- Size
- 4,344 SF
- Property subtype
- Multifamily / Duplex (2 Unit)
Building Details
- Year Built
- 1972
Listing agency
Dallaire Realty
(920) 676-9300
Listed by
Mike D Wasilkoff · License #94-75654
(920) 676-9300
Source
Compass
Added: May 13 Updated: Jul 22 at 1:06PM Checked: Jul 22 at 1:06PM
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 Dallaire Realty
Investment Insights
Based on property information with market context.
This sprawling ranch duplex includes two separate units. Unit 401 offers 2 bedrooms and 2 bathrooms, with a lower family room and a second full bath. Unit 405 offers 2 bedrooms and 3 bathrooms, along with a lower level rec-room that includes an unfinished floor and a wet-bar.
Both sides include a one-car attached garage. The 401 side also features an additional 2.5-car detached garage. Outside, each side includes a fenced back yard with decks, and there is a storage shed.
Recent updates are noted for each unit, including electrical panel and lower-level bathroom updates for 401, and a water-heater update plus HVAC and exterior improvements for 405. Showings begin May 14, 2026 through May 16, 2026 from 11:00 a.m. to 1:00 p.m., with offers reviewed on May 18, 2026.
Both sides include a one-car attached garage. The 401 side also features an additional 2.5-car detached garage. Outside, each side includes a fenced back yard with decks, and there is a storage shed.
Recent updates are noted for each unit, including electrical panel and lower-level bathroom updates for 401, and a water-heater update plus HVAC and exterior improvements for 405. Showings begin May 14, 2026 through May 16, 2026 from 11:00 a.m. to 1:00 p.m., with offers reviewed on May 18, 2026.
Key Highlights
- Ranch duplex built in 1972 with brick and vinyl siding (1‑story, 2 side‑by‑side units)
- #405 unit: 2BR/3BA with 2732 sqft, lower‑level rec‑room with unfinished floor and wet‑bar
- #401 unit: 2BR/2BA with 1607 sqft, lower‑level family room and a 2nd full bath
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 | $57.3k | $13.20 |
| − Vacancy | −$3.2k | −$0.73 |
| EGI | $54.2k | $12.47 |
| − OpEx | −$16.3k | −$3.74 |
| NOI | $37.9k | $8.73 |
4,344 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$541.9K
$474.1K – $632.2K
NOI $37,931 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$504.8K
$441.7K – $588.9K
NOI $35,333 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$1.01M
$886.2K – $1.18M
NOI $70,894 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Sprawling ranch duplex featuring two attached garages, separate lower-level rec space, and fenced yards with decks.
Where is this duplex located?
The property is located at 401 Steven Street Green Bay, WI.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Ranch duplex built in 1972 with brick and vinyl siding (1‑story, 2 side‑by‑side units); #405 unit: 2BR/3BA with 2732 sqft, lower‑level rec‑room with unfinished floor and wet‑bar; #401 unit: 2BR/2BA with 1607 sqft, lower‑level family room and a 2nd full bath
