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    1028 Banks Ave Superior, WI 54880

    For Sale
    $350,000

    5-10 Units, Other - Superior, WI

    Property size:
    2,260 SF
    Lot size:
    0.09 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1028 Banks Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    4
    APN
    06-806-00223-00
    EntryLevel
    Main,Upper
    Basement Y/N
    1
    Size
    2,260 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas

    Building Details

    Year built
    1914
    Floors in Building
    2
    Number of units
    5
    Architectural style
    Other

    RE/MAX Results (952) 829-2900 [email protected]

    Listing agent Megan Wilson (952) 829-2900

    Listing date Oct 28, 2025

    MLS# 6122572 Listing URL

    Copyright © 2025 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Superior, WI 5-Plex For Sale

    This fully leased 5-plex is located in Superior, Wisconsin, at the corner of Banks Avenue and N 11th Street. The property features three 1-bedroom units and two studio apartments. The building includes a full poured-concrete basement. Several units have been updated, with opportunities for further value enhancement as units turn over. According to the seller, the Weil-McLain boiler and heating components have been upgraded, and the roof has been recently replaced. The property generates approximately $4,055 per month in rental income with average monthly expenses of about $960, covering utilities, taxes, and insurance. The property is situated on a lot of approximately 0.09 acres and the building size is approximately 2,260 square feet. This property offers potential for steady cash flow and continued equity growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant 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
    Superior
    County
    Douglas
    State
    Wisconsin
    Longitude
    -92.105158
    Latitude
    46.725628

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    FAQs

    What type of property is this?
    Apartment building - Fully leased 5-unit property with strong rental history in Superior.
    Where is this apartment building located?
    The property is located at 1028 Banks Ave Superior, WI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Fully leased 5-plex generating approximately $4,055 per month.; - Prime Superior location on the corner of Banks Avenue and N 11th Street.; - Strong rental history with opportunity to add value as units turn over.
    (952) 829-2900
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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
    1028 Banks Ave Superior, WI 54880
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