Three-Unit Property with Full
For Sale
$270,000
1205-1207 Harrison St, Superior, WI 54880
Fully occupied three-unit property with separate entries, shared basement access, and off-street parking near a college.
Property Size964 SF
Lot Size0.12 Acres
Price / SF$280.08
Days on Market88
Property Features for 1205-1207 Harrison St
General Information
Standard status
Active
Size
964 SF
Lot size
0.12 Acres
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR, 1 x studio
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1920
Buildings
1
Construction
wood
Tenancy
Multi
Listing Agency:
RE/MAX Results Duluth
Listed By:
Thomas C Acton
(218) 722-2810
Source:
Tayloronken
Added: Jul 21
Changed: Oct 11
Last Checked: Oct 7 at 4:58PM
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 RE/MAX Results Duluth
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit residential income property includes a three-bedroom, one-bathroom main-floor residence, a one-bedroom upper apartment, and a smaller studio. The building has a full poured basement, two front entrances serving separate unit areas, and shared basement access from the side. Off-street parking is available on the 0.12-acre lot.
The property is fully rented with month-to-month tenants. Tenants pay electricity, while ownership covers gas, water, sewer, and garbage. Wood siding, a metal roof, updated electrical service from 2020, a boiler replaced in 2010, and gas service upgraded in 2018 are among the documented improvements. The roof dates to 1988 and the doors were replaced in 1994. Multiple internet providers are available at the location.
The property is fully rented with month-to-month tenants. Tenants pay electricity, while ownership covers gas, water, sewer, and garbage. Wood siding, a metal roof, updated electrical service from 2020, a boiler replaced in 2010, and gas service upgraded in 2018 are among the documented improvements. The roof dates to 1988 and the doors were replaced in 1994. Multiple internet providers are available at the location.
Key Highlights
- Three‑unit configuration includes a 3‑bedroom main‑floor unit, 1‑bedroom upper unit, and studio apartment
- Fully rented with month‑to‑month tenants
- Full poured basement with shared side access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,035
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,700
$160.7K
Cap Rate 7%
$114,786
$114.8K
Cap Rate 9%
$89,278
$89.3K
Market Conditions
NOI Build-Up for 964 SF
Gross rent
$12.1K $12.60/SF
− Vacancy
−$668 −$0.69/SF
EGI
$11.5K $11.91/SF
− OpEx
−$3.4K −$3.57/SF
NOI
$8.0K $8.33/SF
Area
Douglas County, WI
Vacancy
5.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,700
Cap Rate 7%
$114,786
Cap Rate 9%
$89,278
Alternative Uses
Best Use
Multifamily LT 5
$114.8K
$100.4K – $133.9K
NOI $8,035 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$101.0K
$88.4K – $117.9K
NOI $7,072 @ 7.0% cap · market cap 2.62%
Theoretical Best
Specialty Retail
$303.9K
$266.0K – $354.6K
NOI $21,276 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
Explore this area
Business Placement
Demographics for 54880, WI
30,400
Population
14,325
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
94%
High-School Grad
166.1 sq mi
ZIP Area
183
Density / Sq Mi
$66,942
Median Household Income
$40,813
Median Earnings
$901
Median Rent
$176,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit property with separate entries, shared basement access, and off-street parking near a college.
Where is this triplex located?
The property is located at 1205-1207 Harrison St Superior, WI.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Three‑unit configuration includes a 3‑bedroom main‑floor unit, 1‑bedroom upper unit, and studio apartment; Fully rented with month‑to‑month tenants; Full poured basement with shared side access
