Duplex with Two-Car
For Sale
$259,900
623 VICTORIA Court, Green Bay, WI 54311
Both residences include two bedrooms, one bathroom, and a two-car garage.
Property Size2,160 SF
Price / SF$120.32
Days on Market21
Property Features for 623 VICTORIA Court
General Information
Standard status
Active
Size
2,160 SF
Total Parking Spaces
4
Property subtype
Duplex
Zoning
varied density residential
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,542
Building Details
Building Size
2,160 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 11
Last Checked: Oct 13 at 12:19AM
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
Investment Insights
Based on property information with market context.
This 1991 bi-level duplex contains 2,160 square feet. Each residence has a two-bedroom, one-bathroom layout and its own two-car garage. The roof was replaced in 2020, and tenants pay their utility costs.
The property is classified as a condominium and carries varied-density residential zoning. Bus service and shopping are nearby.
The property is classified as a condominium and carries varied-density residential zoning. Bus service and shopping are nearby.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Each unit includes a 2‑car garage
- 2,160 SF bi‑level duplex built in 1991
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,861
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,220
$377.2K
Cap Rate 7%
$269,443
$269.4K
Cap Rate 9%
$209,567
$209.6K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$28.5K $13.20/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$26.9K $12.47/SF
− OpEx
−$8.1K −$3.74/SF
NOI
$18.9K $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%
$377,220
Cap Rate 7%
$269,443
Cap Rate 9%
$209,567
Alternative Uses
Best Use
Multifamily LT 5
$269.4K
$235.8K – $314.4K
NOI $18,861 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$251.0K
$219.6K – $292.8K
NOI $17,569 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$503.6K
$440.6K – $587.5K
NOI $35,251 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
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
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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?
Duplex - Both residences include two bedrooms, one bathroom, and a two-car garage.
Where is this duplex located?
The property is located at 623 VICTORIA Court Green Bay, WI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Each unit includes a 2‑car garage; 2,160 SF bi‑level duplex built in 1991
