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1747 & 1749 Oakdale Avenue, Green Bay 1747 Oakdale Ave 55 Unit Apartment Building $2,260,000 ($41,091/Unit) 7.24% Cap Rate Green Bay, WI 54302
Investment Highlights
- Low rental density area. High End Unit Quality- custom cabinets, built ins, pot fillers, pantry areas, full basements.
- Desirable floor plan, Top Tier Amenities in units.
- Electric Unit Fireplaces, LED prestige lighting
Executive Summary
High performing 12 unit that currently sits at a 7.24% Cap. Property has amenities and unit quality that leads the local market and attracts continued rental demand and revenue growth through a Demanded Niche. Property runs efficiently and has a modern custom level feel that can be felt inside and out. Property features Solar, New Parking area with ample lighting, Newer Roofs, Extensively renovated units less one with a long term tenant. This diverse property has 8 rare townhouses with full basements, 4 apartments and a common area with Coin Ops and a professional atmosphere. The property is well lite inside and the stand out units are demanded by tenants! Looking to step into a prime performing asset? Continue to add value through rent growth due to the premier asset quality where rising cost CapEX improvements have been completed. No area of this property has been overlooked. Transparency of specifics will be provided to qualified buyer-inquire. Current usable life on all property systems is 25-40 years, including triple pane windows, roofs, solar, parking lot, water heaters, decks, siding, etc. Debt Coverage Service Ratios respectable depending on financing scenario. Gross Rent Multiplier at 11.07 at current performance. There are 6 scheduled rent increases in the next 12 months of operations as the operator is proactive and savy at management. 5% Management fee, 4% Maintenance Fee, and 4% Reserves has been factored into the cash flow analysis. Release of further property analytics will be permitted at time of written confidentiality agreement with prospective purchaser. FIND TRUE VALUE ADD through operations, management and having the unit quality to continue rent growth with great tenant demand. DO NOT DISTURB TENANTS ON SITE. No access without consent from listing agent. Impressive property that performs well- historic rent growth and continued improvement in the demanded Green Bay Market area.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,260,000 | Apartment Style | Townhome |
| Price Per Unit | $41,091 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.64 AC |
| Cap Rate | 7.24% | Building Size | 11,780 SF |
| Gross Rent Multiplier | 11.07 | Average Occupancy | 100% |
| No. Units | 55 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1988/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Zoning | Commercial - Per City of Green Bay this is R-3 Zoning an area of low Multi-family density. | ||
| Price | $2,260,000 |
| Price Per Unit | $41,091 |
| Sale Type | Investment |
| Cap Rate | 7.24% |
| Gross Rent Multiplier | 11.07 |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 11,780 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1988/2020 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | Commercial - Per City of Green Bay this is R-3 Zoning an area of low Multi-family density. |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Granite Countertops
- Stainless Steel Appliances
- Basement
- Deck
- Double Pane Windows
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 37 | $1,468 | 1,050 - 1,075 |
| 1+1 | 7 | $1,170 | 676 |
| 2+1 | 11 | $1,410 | 858 |
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Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 21-2304-2-A | Total Assessment | $710,500 |
| Land Assessment | $53,400 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $657,100 | Tax Year | 2025 |
Property Taxes
Parcel Number
21-2304-2-A
Land Assessment
$53,400
Improvements Assessment
$657,100
Total Assessment
$710,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1747 & 1749 Oakdale Avenue, Green Bay | 1747 Oakdale Ave
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