3-Unit Bi-Level
For Sale
$314,900
617 VICTORIA Court, Green Bay, WI 54311
Residential Income, GREEN BAY, WI
Property Size2,431 SF
Lot Size0.21 Acres
Price / SF$129.54
Days on Market13
Property Features for 617 VICTORIA Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
6
Elementary school district
Green Bay Area
Middle school district
Green Bay Area
High school district
Green Bay Area
Directions
East Mason to Heyrman to Mason Way to right on Victoria to property.
Standard status
Active
APN
21-8286, 21-8287 & 21-8288
Size
2,431 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4335
Utilities
Sewer type
Public Sewer
Heating system
Oil
Water source
Public
Building Details
Year built
1991
Number of units
3
Building materials
Vinyl Siding
Listing Agency:
Shorewest, Realtors
(920) 593-4100
Listed By:
Craig A. Francois · License #91936003
(920) 593-4105
Added: Sep 24
Changed: Oct 6
Last Checked: Oct 6 at 6:06PM
MLS# 50333322
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.
Investment Insights
Based on property information with market context.
This 2,431-square-foot, bi-level triplex contains three residences, each with two bedrooms, one bathroom, and a two-car garage. The building was constructed in 1991 and has vinyl siding. A roof replacement was completed in 2019, and all three water heaters have been replaced within the past five years. Tenants pay utilities.
The 0.21-acre property is on Victoria Court in Green Bay, near a bus line and shopping. It is zoned varied density residential and is categorized as a condominium. Public water and public sewer serve the property.
The 0.21-acre property is on Victoria Court in Green Bay, near a bus line and shopping. It is zoned varied density residential and is categorized as a condominium. Public water and public sewer serve the property.
Key Highlights
- Three‑unit bi‑level property with 2,431 square feet
- Each residence has 2 bedrooms, 1 bathroom, and a 2‑car garage
- 0.21‑acre parcel in Green Bay
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.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence has two bedrooms, one bathroom, and a two-car garage; tenants pay 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‑unit bi‑level property with 2,431 square feet; Each residence has 2 bedrooms, 1 bathroom, and a 2‑car garage; 0.21‑acre parcel in Green Bay
