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    215 Webster Ave Green Bay, WI 54301

    Sponsored
    For Sale
    $4,840,000

    23-unit, Class A, 100% occupied

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 23-unit Class A apartment building in downtown Green Bay, Wisconsin, presents a compelling investment opportunity. Completely renovated in 2020, the property boasts 12 one-bedroom/one-bathroom units, nine two-bedroom/one-and-a-half-bathroom units, and two two-bedroom/two-bathroom units. High-end finishes include stainless steel appliances, quartz countertops, in-unit washer/dryers, floor-to-ceiling windows, and refurbished wood floors. Residents enjoy a fitness center, ample outdoor space, and 54 parking spaces. The building sits on a 1.48-acre lot at 215 N Webster Ave, within walking distance of downtown amenities, including the Fox River, restaurants, bars, grocery stores, a library, YMCA, and a dog park. Major employers, Bellin Health and Schneider National, are nearby. Green Bay, Wisconsin's third-largest city, offers a vibrant lifestyle with a strong economy and population growth. The property features high-efficiency heating and cooling, new electrical and plumbing systems, and a HUD loan assumption possibility. This is a rare opportunity to acquire a stabilized, high-quality multifamily asset in a prime location with a 5.66% cap rate and 100% occupancy. The asking price is $4,840,000.

    Property Features for 215 Webster Ave

    General Information

    Property type
    Multifamily properties
    Class
    A

    Building Details

    Buildings
    1
    Stories
    2
    Units
    23

    HighLights

    • Prime Downtown Green Bay location, Wisconsin's third‑largest city.
    • Completely renovated in 2020.
    • Excellent unit mix: 12 one‑bedroom and 13 two‑bedroom apartments.
    • 100% occupancy with strong historical occupancy rates.
    • Luxury units featuring high‑end appliances, quartz countertops, in‑unit laundry, and floor‑to‑ceiling windows.
    • Attractive amenities package including fitness center, outdoor space, pet‑friendly policy, 24/7 maintenance, and 54 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bellin Occupational Health: ... Doctor Ringwelski Mark DO Family Practice Physician Mueller-Waigan Bonnie Nursing Agency Whitney School School Dr. John J. ... Doctor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Green Bay
    County
    Brown
    State
    Wisconsin
    Longitude
    -88.0042752
    Latitude
    44.5119266

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    FAQs

    What type of property is this?
    Multifamily property - 23-unit, Class A, 100% occupied
    Where is this multifamily property located?
    The property is located at 215 Webster Ave Green Bay, WI.
    What is the asking price?
    The asking price for this property is $4,840,000.
    What are key features of this property?
    This property features: Prime Downtown Green Bay location, Wisconsin's third-largest city.; Completely renovated in 2020.; Excellent unit mix: 12 one-bedroom and 13 two-bedroom apartments.
    Request Owner's contact information
    215 Webster Ave Green Bay, WI 54301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 Webster Ave Green Bay, WI 54301
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