Remodeled Duplex with Separate
For Sale
$299,900
712 South Maple Avenue, Green Bay, WI 54304
Two three-bedroom units feature updated interiors, individual mechanical systems, and basement laundry hookups.
Property Size2,524 SF
Price / SF$118.82
Days on Market139
Property Features for 712 South Maple Avenue
General Information
Standard status
Active
Size
2,524 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
Residential
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,716
Amenities
laundry hookups
Forced Air
2
Natural Gas
Full
Stone
2 Story,2 Up and Down
Fiber Cement
1st Floor Bedroom,1st Floor Full Bath,Level Drive,Level Lot
Building Details
Year Built
1900
Year Renovated
2026
Buildings
1
Listing Agency:
Take Action Realty Group, LLC
(920) 680-8532
Listed By:
Monte D Reyment · License #90-59422
(920) 680-8532
Source:
Compass
Added: Apr 14
Changed: Aug 30
Last Checked: Aug 30 at 6:58AM
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 Take Action Realty Group, LLC
Investment Insights
Based on property information with market context.
This two-story duplex contains 2,524 square feet with two three-bedroom residences. Each unit includes three large bedrooms, one full bathroom, a kitchen, forced-air heating, and a separate furnace and water heater. The lower residence also provides two living rooms, while laundry hookups are located in the basement.
The property has received substantial updates, including roof and MEP improvements in 2020. The lower unit was fully renovated in 2020, and the upper unit was renovated in 2026. Exterior features include stone and fiber cement, along with a level lot, level driveway, first-floor bedroom, and first-floor full bath. The property is zoned Residential and is located at 712 South Maple Avenue in Green Bay, Wisconsin.
The property has received substantial updates, including roof and MEP improvements in 2020. The lower unit was fully renovated in 2020, and the upper unit was renovated in 2026. Exterior features include stone and fiber cement, along with a level lot, level driveway, first-floor bedroom, and first-floor full bath. The property is zoned Residential and is located at 712 South Maple Avenue in Green Bay, Wisconsin.
Key Highlights
- 2,524‑square‑foot duplex with two 3‑bedroom units
- Each unit includes 3 large bedrooms, 1 full bath, and a kitchen
- Separate furnaces and water heaters serve the units
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
$22,039
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
7.35%
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%
$440,780
$440.8K
Cap Rate 7%
$314,843
$314.8K
Cap Rate 9%
$244,878
$244.9K
Market Conditions
NOI Build-Up for 2,524 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
$33.3K $13.20/SF
− Vacancy
−$1.8K −$0.73/SF
EGI
$31.5K $12.47/SF
− OpEx
−$9.4K −$3.74/SF
NOI
$22.0K $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%
$440,780
Cap Rate 7%
$314,843
Cap Rate 9%
$244,878
Alternative Uses
Best Use
Multifamily LT 5
$314.8K
$275.5K – $367.3K
NOI $22,039 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$293.3K
$256.6K – $342.2K
NOI $20,530 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$588.5K
$514.9K – $686.5K
NOI $41,192 @ 7.0% cap · market cap 13.74%
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
589
Businesses Nearby
Explore this area
Business Placement
Demographics for 54304, WI
27,679
Population
12,997
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
11.7 sq mi
ZIP Area
2,366
Density / Sq Mi
$60,369
Median Household Income
$38,926
Median Earnings
$935
Median Rent
$200,800
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 - Two three-bedroom units feature updated interiors, individual mechanical systems, and basement laundry hookups.
Where is this duplex located?
The property is located at 712 South Maple Avenue Green Bay, WI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,524‑square‑foot duplex with two 3‑bedroom units; Each unit includes 3 large bedrooms, 1 full bath, and a kitchen; Separate furnaces and water heaters serve the units
