Three-Unit Bi-Level
For Sale
$314,900
617 VICTORIA Court, Green Bay, WI 54311
Each residence offers two bedrooms, one bath, and a two-car garage; tenants cover their own utilities.
Property Size2,431 SF
Price / SF$129.54
Days on Market39
Property Features for 617 VICTORIA Court
General Information
Standard status
Active
Size
2,431 SF
Total Parking Spaces
6
Property subtype
Multi Family
Zoning
varied density residential
Site & Location
Neighborhood
Oak Grove
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,334
Building Details
Building Size
2,431 SF
Year Built
1991
Buildings
1
Listing Agency:
Shorewest, Realtors
Listed By:
Craig A. Francois · License #91-936003
(920) 593-4105
Source:
C21ace
Added: Sep 24
Changed: Oct 31
Last Checked: Nov 1 at 2:18PM
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 Shorewest, Realtors
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Investment Insights
Based on property information with market context.
This 1991 bi-level triplex contains three residences, each with two bedrooms, one bathroom, and a two-car garage. The roof was replaced in 2019, and all three water heaters have been replaced within the past five years. Tenants pay utilities.
The property is on Victoria Court in Green Bay, near a bus line and shopping. It is zoned varied density residential and categorized as a condominium. Three other properties are also identified as potential purchases: 607–609 Victoria Court, 613–615 Victoria Court, and 623–625 Victoria Court.
The property is on Victoria Court in Green Bay, near a bus line and shopping. It is zoned varied density residential and categorized as a condominium. Three other properties are also identified as potential purchases: 607–609 Victoria Court, 613–615 Victoria Court, and 623–625 Victoria Court.
Key Highlights
- Three residences, each with 2 bedrooms and 1 bath
- Each residence has a 2‑car garage
- Bi‑level configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,227
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,540
$424.5K
Cap Rate 7%
$303,243
$303.2K
Cap Rate 9%
$235,856
$235.9K
Market Conditions
NOI Build-Up for 2,431 SF
Gross rent
$32.1K $13.20/SF
− Vacancy
−$1.8K −$0.73/SF
EGI
$30.3K $12.47/SF
− OpEx
−$9.1K −$3.74/SF
NOI
$21.2K $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 Rate 5%
$424,540
Cap Rate 7%
$303,243
Cap Rate 9%
$235,856
Alternative Uses
Best Use
Multifamily LT 5
$303.2K
$265.3K – $353.8K
NOI $21,227 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$282.5K
$247.2K – $329.6K
NOI $19,773 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$566.8K
$495.9K – $661.2K
NOI $39,674 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
539
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 - Each residence offers two bedrooms, one bath, and a two-car garage; tenants cover their own utilities.
Where is this triplex located?
The property is located at 617 VICTORIA Court Green Bay, WI.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Three residences, each with 2 bedrooms and 1 bath; Each residence has a 2‑car garage; Bi‑level configuration
