Residential Income
For Sale
$189,900
914 North Van Buren Street, Green Bay, WI 54302
For sale duplex residential income property in Green Bay, WI.
Property Size1,482 SF
Price / SF$128.14
Days on Market467
Property Features for 914 North Van Buren Street
General Information
Standard status
Active
Size
1,482 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Taxes and HOA fees
Annual Taxes
$2,338
Amenities
Forced Air
2
Natural Gas
1
Full,Sump Pump
Block,Poured Concrete
2 Story,2 Up and Down
Vinyl Siding
1st Floor Bedroom,1st Floor Full Bath,Door Open. 29 In. Or More,Hall Width 36 Inches or More,Level Drive,Level Lot
Building Details
Year Built
1918
Buildings
1
Listing Agency:
Renard Realty
(920) 606-4436
Listed By:
Shane Renard · License #90-57962
(920) 606-4436
Source:
Compass
Added: May 21, 2025
Changed: Aug 8
Last Checked: Jul 22 at 2:27PM
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 Renard Realty
Investment Insights
Based on property information with market context.
This duplex residential income property is offered for sale and includes two separate dwelling units within one building. The asset is categorized as a duplex and residential income property.
The property is located at 914 North Van Buren Street in Green Bay, Wisconsin (54302).
The property is located at 914 North Van Buren Street in Green Bay, Wisconsin (54302).
Key Highlights
- Duplex with 2 separate units (2 up and down) built in 1918
- Forced air natural gas heating with 1 furnace
- Vinyl siding exterior with block and poured concrete foundation
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
$12,941
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
6.81%
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%
$258,820
$258.8K
Cap Rate 7%
$184,871
$184.9K
Cap Rate 9%
$143,789
$143.8K
Market Conditions
NOI Build-Up for 1,482 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
$19.6K $13.20/SF
− Vacancy
−$1.1K −$0.73/SF
EGI
$18.5K $12.47/SF
− OpEx
−$5.5K −$3.74/SF
NOI
$12.9K $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 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%
$258,820
Cap Rate 7%
$184,871
Cap Rate 9%
$143,789
Alternative Uses
Best Use
Multifamily LT 5
$184.9K
$161.8K – $215.7K
NOI $12,941 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$172.2K
$150.7K – $200.9K
NOI $12,054 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$345.5K
$302.3K – $403.1K
NOI $24,186 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 54302, WI
31,327
Population
13,390
Households
2.3
Avg Household Size
34
Median Age
19%
College-Educated
81%
High-School Grad
9.2 sq mi
ZIP Area
3,405
Density / Sq Mi
$55,772
Median Household Income
$37,257
Median Earnings
$881
Median Rent
$164,500
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 - For sale duplex residential income property in Green Bay, WI.
Where is this duplex located?
The property is located at 914 North Van Buren Street Green Bay, WI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Duplex with 2 separate units (2 up and down) built in 1918; Forced air natural gas heating with 1 furnace; Vinyl siding exterior with block and poured concrete foundation
