Updated Duplex with Two
741 South Irwin Avenue Green Bay, WI 54301
For Sale
$400,000
Two-unit duplex with two bedrooms and one full bath per unit, plus updated windows, electrical panels, and remodeled bathrooms.
Property Size1,844 SF
Price / SF$216.92
Days on Market99
Property Features for 741 South Irwin Avenue
General Information
- Standard status
- Active
- Size
- 1,844 SF
- Property subtype
- Multifamily / Duplex (2 Unit)
Building Details
- Year Built
- 1898
Listing Agency:
Mark D Olejniczak Realty, Inc.
(920) 321-9146
Listed By:
Sara L Laughlin · License #90-59644
(920) 321-9146
Source:
Compass
Added: Apr 17
Changed: Jul 23
Last Checked: Jul 24 at 2:59PM
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 Mark D Olejniczak Realty, Inc.
Investment Insights
Based on property information with market context.
This duplex includes one main floor unit and one 2nd floor unit. Each unit features fluid floor plans with two bedrooms and one full bath, along with a living room, kitchen, and dining area. Updates over the years include double-hung windows, electrical panels, electric to the garage, landscaping and plantings, appliances, flooring, and remodeled bathrooms with tub/shower combinations.
Located at 741 South Irwin Avenue in Green Bay, this property is described as one of your “Prime” Astor Park locations, with a short stroll to the park. It’s also close to bus stops and schools, with an easy commute to stores and local businesses.
Outside, the front yard includes limestone landscape borders and a well-sized front porch, with nicely landscaped, excellent yard space.
Located at 741 South Irwin Avenue in Green Bay, this property is described as one of your “Prime” Astor Park locations, with a short stroll to the park. It’s also close to bus stops and schools, with an easy commute to stores and local businesses.
Outside, the front yard includes limestone landscape borders and a well-sized front porch, with nicely landscaped, excellent yard space.
Key Highlights
- Duplex with 2 units: one main floor unit and one 2nd floor unit
- Each unit has 2 bedrooms and 1 full bath, with living room, kitchen, and dining areas
- Two boilers with natural gas heat, plus 2 air conditioners and full basements (full lower level building)
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 | $24.3k | $13.20 |
| − Vacancy | −$1.3k | −$0.73 |
| EGI | $23.0k | $12.47 |
| − OpEx | −$6.9k | −$3.74 |
| NOI | $16.1k | $8.73 |
1,844 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$230.0K
$201.3K – $268.4K
NOI $16,101 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$214.3K
$187.5K – $250.0K
NOI $14,999 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$429.9K
$376.2K – $501.6K
NOI $30,094 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex with two bedrooms and one full bath per unit, plus updated windows, electrical panels, and remodeled bathrooms.
Where is this duplex located?
The property is located at 741 South Irwin Avenue Green Bay, WI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Duplex with 2 units: one main floor unit and one 2nd floor unit; Each unit has 2 bedrooms and 1 full bath, with living room, kitchen, and dining areas; Two boilers with natural gas heat, plus 2 air conditioners and full basements (full lower level building)
