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    Rented Tri-Plex Income Property Title is generated by Realmo AI

    1205 Harrison St, Superior, WI 54880

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    Claim this Listing
    New
    For Sale
    $275,000

    MULTI_FAMILY - Superior, WI

    Property size:
    1,928 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $142/SF
    Added:
    Jun 12, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 14 at 9:06 am

    Property Features for 1205 Harrison St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Basement, Bedroom 2
    Parking features
    Off Street, Driveway
    Exterior features
    Gutter/Downspout
    Basement
    Unfinished, Concrete
    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

    We can help!

    Listing Contact
    Tom Acton
    Tom Acton

    Listing agent Tom Acton License #40200615|WI67860-94

    Listing office RE/MAX Results Duluth, WI

    Listing date Jun 12, 2026

    MLS# 6125931 Listing URL

    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.

    HighLights

    • Fully rented tri‑plex with month‑to‑month tenants; main floor has 3BR/1BA and upper units include a 1BR and a smaller studio
    • Full poured basement with shared access on the side of the building
    • Multiple off‑street parking with driveway access; property sits on a 0.12‑acre lot
    • Updates include electrical updated in 2020, boiler replaced in 2010, roof done in 1988, doors replaced in 1994, and gas service upgraded in 2018
    • Metal roof; exterior includes wood and gutter/downspout
    • Tenant utility structure: tenants pay electrical; owner pays gas, water, sewer, and garbage

    Overview

    This rented tri-plex includes a main floor with three bedrooms and one bathroom, plus two upper units consisting of one one-bedroom unit and one smaller studio apartment. The property sits on a full poured basement with shared basement access located on the side of the building. The exterior is wood with a metal roof, and the home has two front entryways—one serving the upper tenants (1027 and 1207 1/2) and the other serving the lower unit (1205). Tenants pay electrical, while the owner pays gas, water, sewer, and garbage.

    The building is located in Superior, close to the college. The site includes lots of off-street parking and a large 0.12-acre lot. Public remarks note that multiple internet options are available at the property.

    For investors or owners looking for a multi-unit structure with in-place tenancy, this tri-plex offers three apartment configurations across two floors, with separate entry access and shared basement utility space. Documented improvements include electrical updated in 2020, a boiler replacement in 2010, roof work completed in 1988, door replacements in 1994, and a gas service upgrade in 2018. With month-to-month tenants, the property may appeal to buyers seeking flexibility while maintaining current occupancy.

    Local 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 (±1% cap)
    NOI $16,070 @ 7.0% cap · market cap 5.84%
    Second Best
    Apartment 5plus
    $202.1K
    $176.8K – $235.7K (±1% cap)
    NOI $14,144 @ 7.0% cap · market cap 5.14%
    Theoretical Best
    Specialty Retail
    $607.9K
    $531.9K – $709.2K (±1% cap)
    NOI $42,552 @ 7.0% cap · market cap 15.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Superior
    County
    Douglas
    State
    Wisconsin
    Longitude
    -92.095363
    Latitude
    46.71899

    FAQs

    What type of property is this?
    Triplex - Tri-plex near the college with three separate entrances, off-street parking, and updated major building systems.
    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 $275,000.
    What are key features of this property?
    This property features: Fully rented tri‑plex with month‑to‑month tenants; main floor has 3BR/1BA and upper units include a 1BR and a smaller studio; Full poured basement with shared access on the side of the building; Multiple off‑street parking with driveway access; property sits on a 0.12‑acre lot
    More about this property
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