Two-Unit
For Sale
$675,000
1213-15 22nd Ave E, Superior, WI 54880
Built in 2003, the property combines a compact residence with a larger, multi-level living space.
Property Size4,992 SF
Days on Market8
Property Features for 1213-15 22nd Ave E
General Information
Standard status
Active
Size
4,992 SF
Total Parking Spaces
3
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,223
Building Details
Building Size
4,992 SF
Year Built
2003
Listing Agency:
Bachand Realty
Listed By:
Brenda Uotinen
(218) 390-5103
Source:
Visionsfirstrealty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 12 at 4:32PM
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 Bachand Realty
Investment Insights
Based on property information with market context.
Built in 2003, this duplex contains two distinct living spaces. The smaller residence has two bedrooms, a three-quarter bath, an open living area with kitchen and breakfast bar, a dining area, and a laundry and storage closet. The larger residence spans two floors, with a living room and fireplace, dining area, kitchen with center island, mud room, workout room, and three-quarter bath on the main level. Upstairs are three bedrooms, two bonus rooms, a great room, a den, a full bath, and another three-quarter bath.
In-floor heat and air units serve the property. A deck serves the smaller residence, while the larger one has a patio. Appliances are included in their present condition.
In-floor heat and air units serve the property. A deck serves the smaller residence, while the larger one has a patio. Appliances are included in their present condition.
Key Highlights
- Two separate residences, including one with three bedrooms and two bonus rooms
- Larger residence includes a great room, den, workout room, and fireplace
- Smaller residence has an open living area, kitchen with breakfast bar, and two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,608
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,160
$832.2K
Cap Rate 7%
$594,400
$594.4K
Cap Rate 9%
$462,311
$462.3K
Market Conditions
NOI Build-Up for 4,992 SF
Gross rent
$62.9K $12.60/SF
− Vacancy
−$3.5K −$0.69/SF
EGI
$59.4K $11.91/SF
− OpEx
−$17.8K −$3.57/SF
NOI
$41.6K $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%
$832,160
Cap Rate 7%
$594,400
Cap Rate 9%
$462,311
Alternative Uses
Best Use
Multifamily LT 5
$594.4K
$520.1K – $693.5K
NOI $41,608 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$523.2K
$457.8K – $610.4K
NOI $36,621 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$1.57M
$1.38M – $1.84M
NOI $110,176 @ 7.0% cap · market cap 16.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
140
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2003, the property combines a compact residence with a larger, multi-level living space.
Where is this duplex located?
The property is located at 1213-15 22nd Ave E Superior, WI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two separate residences, including one with three bedrooms and two bonus rooms; Larger residence includes a great room, den, workout room, and fireplace; Smaller residence has an open living area, kitchen with breakfast bar, and two bedrooms
