Rented Tri-plex With Basement
1205 Harrison St Superior, WI 54880
For Sale
$270,000
MULTI_FAMILY - Superior, WI
Property Size1,928 SF
Lot Size0.12 Acres
Price / SF$140.04
Days on Market20
Property Features for 1205 Harrison St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4, Basement, Bathroom 3, Bedroom 2, Bedroom 3
Parking features
Off Street, Driveway
Exterior features
Gutter/Downspout
Basement
Concrete, Unfinished
Standard status
Active
APN
05-805-02639-00
Size
1,928 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2654
Utilities
Heating system
Natural Gas, Oil, Hot Water(Heating), Radiant
Building Details
Year built
1920
Number of units
3
Roof type
Metal
Listing Agency:
RE/MAX Results
(952) 829-2900
Listed By:
Tom Acton · License #40200615|WI67860-94
(952) 829-2900
Added: Jul 10
Changed: Jul 22
Last Checked: Jul 29 at 8:06PM
MLS# 6125931
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This fully rented tri-plex includes a main floor with three bedrooms and one bathroom, plus upper units consisting of a one-bedroom unit and a smaller studio apartment. The property sits on a full poured basement, with shared basement access located on the side of the building. The home features wood exterior construction and a metal roof, with two separate front entryways serving the lower unit and the upper tenants.
Tenants are on month-to-month terms, and the property is configured to separate utility responsibilities: tenants pay electrical while the owner pays gas, water, sewer, and garbage. There is also access to multiple internet choices at the location, which is described as close to the college and noted for strong occupancy records.
Reported updates include electrical updated in 2020, boiler replaced in 2010, roof completed in 1988, doors replaced in 1994, and gas service upgraded in 2018. The lot is listed at 0.12 acres and provides lots of off-street parking.
Tenants are on month-to-month terms, and the property is configured to separate utility responsibilities: tenants pay electrical while the owner pays gas, water, sewer, and garbage. There is also access to multiple internet choices at the location, which is described as close to the college and noted for strong occupancy records.
Reported updates include electrical updated in 2020, boiler replaced in 2010, roof completed in 1988, doors replaced in 1994, and gas service upgraded in 2018. The lot is listed at 0.12 acres and provides lots of off-street parking.
Key Highlights
- Fully rented tri‑plex with month‑to‑month tenants and unit mix of 3‑bed/1‑bath main floor plus upper 1‑bedroom and smaller studio
- Large .12‑acre lot with lots of off‑street parking; off‑street driveway parking available
- Full poured basement with shared basement access on the side of the building
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.3k | $12.60 |
| − Vacancy | −$1.3k | −$0.69 |
| EGI | $23.0k | $11.91 |
| − OpEx | −$6.9k | −$3.57 |
| NOI | $16.1k | $8.33 |
1,928 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$229.6K
$200.9K – $267.8K
NOI $16,070 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$202.1K
$176.8K – $235.7K
NOI $14,144 @ 7.0% cap · market cap 5.24%
Theoretical Best
Specialty Retail
$607.9K
$531.9K – $709.2K
NOI $42,552 @ 7.0% cap · market cap 15.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Tri-plex offers three separate units, full basement, and off-street parking, with tenants on month-to-month terms.
Where is this triplex located?
The property is located at 1205 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: Fully rented tri‑plex with month‑to‑month tenants and unit mix of 3‑bed/1‑bath main floor plus upper 1‑bedroom and smaller studio; Large .12‑acre lot with lots of off‑street parking; off‑street driveway parking available; Full poured basement with shared basement access on the side of the building
