Well-Maintained Ranch
933 Shea Avenue Green Bay, WI 54303
933 Shea Avenue, Green Bay, WI, 54303
$249,900
For Sale
$249,900
Ranch duplex with two 2-bedroom, 1-bath units, each with separate utilities and leased on both sides.
Property Size1,536 SF
Price / SF$162.70
Days on Market169
Property Features for 933 Shea Avenue
General Information
- Standard status
- Active
- Size
- 1,536 SF
- Property subtype
- Multifamily / Duplex (2 Unit)
Building Details
- Year Built
- 1976
Listing agency
GoJimmer Real Estate
(920) 660-1846
Listed by
Jimmer Greguske · License #90-56727
(920) 660-1846
Source
Compass
Added: Feb 4 Updated: Jul 22 at 6:58AM Checked: Jul 22 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 GoJimmer Real Estate
Investment Insights
Based on property information with market context.
Well-maintained ranch duplex featuring two 2-bedroom, 1-bath units, one on each side. Each side has separate gas, water, electric, and cable service, supported by 100-amp service and an updated HVAC system. The property includes a poured concrete basement with PVC drains.
Outside, the left and right sides each have two parking spaces. A divided storage shed provides room for snow and lawn equipment.
The roof, gutters, downspouts, soffits, and fascia have been updated. Both sides are currently leased through July/December, offering an income-producing residential configuration. Easy access to Hwy 43 supports convenient travel and day-to-day access.
Outside, the left and right sides each have two parking spaces. A divided storage shed provides room for snow and lawn equipment.
The roof, gutters, downspouts, soffits, and fascia have been updated. Both sides are currently leased through July/December, offering an income-producing residential configuration. Easy access to Hwy 43 supports convenient travel and day-to-day access.
Key Highlights
- Well‑maintained 1976 ranch duplex with two 2‑bedroom, 1‑bath units (2 beds/1 bath on each side).
- Separate gas, water, electric, and cable for each side for independent utility billing.
- Updated HVAC with forced‑air natural gas heating and two furnaces.
Local 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 | $20.3k | $13.20 |
| − Vacancy | −$1.1k | −$0.73 |
| EGI | $19.2k | $12.47 |
| − OpEx | −$5.7k | −$3.74 |
| NOI | $13.4k | $8.73 |
1,536 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$191.6K
$167.7K – $223.5K
NOI $13,412 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$178.5K
$156.2K – $208.2K
NOI $12,494 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$358.1K
$313.4K – $417.8K
NOI $25,068 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Ranch duplex with two 2-bedroom, 1-bath units, each with separate utilities and leased on both sides.
Where is this duplex located?
The property is located at 933 Shea Avenue Green Bay, WI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Well‑maintained 1976 ranch duplex with two 2‑bedroom, 1‑bath units (2 beds/1 bath on each side).; Separate gas, water, electric, and cable for each side for independent utility billing.; Updated HVAC with forced‑air natural gas heating and two furnaces.
