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.
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 Details
for 215 Webster Ave
Property type
Apartment buildings
Class
A
Buildings
1
Stories
2
Units
23
Location Insight
City
Green Bay
County
Brown
State
Wisconsin
Latitude
44.5119266
Longitude
-88.0042752
215 Webster Ave, Green Bay, Wisconsin
Nearby Similar for Sale
For Sale
$4,000,000
Highway 172 Development: Prime WI Land
Mixed-use development opportunity, prime location.
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Contacts
Patrick Suffield
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215 Webster Ave, Green Bay, Wisconsin, 54301
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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215 Webster Ave
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