Duplex with Two Living
New
For Sale
$675,000
1213-15 22nd Ave E, Superior, WI 54880
MULTI-FAMILY, Superior, WI
Property Size4,992 SF
Lot Size0.50 Acres
Price / SF$135.22
Days on Market4
Property Features for 1213-15 22nd Ave E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
1
Rooms
Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 3
Parking features
Driveway, Off Street
Patio and Porch features
Patio, Deck
Exterior features
Deck, Patio
Fireplace
1
Basement
Concrete
Lot features
Landscaped
Elementary school district
Superior (WI) #5663
Middle school district
Superior (WI) #5663
High school district
Superior (WI) #5663
Directions
In Superior's East End on 22nd Ave East and East 12th St.
Subdivision
LSAR
Standard status
Active
APN
01-801-03047-04
Size
4,992 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7224
Utilities
Heating system
Fireplace(s), Oil, Hot Water(Heating), Natural Gas
Building Details
Year built
2003
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Bachand Realty
Listed By:
Brenda Uotinen
(715) 394-6637
Added: Oct 7
Last Checked: Oct 10 at 9:06AM
MLS# 6128371
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.
Built in 2003, this duplex contains 4,992 square feet across two living spaces. The smaller residence has two bedrooms, a three-quarter bath, an open living area, kitchen, dining area, and laundry/storage closet. The larger residence includes three bedrooms, two bonus rooms, a great room, den, full bath, three-quarter bath, kitchen, dining area, and living room with fireplace. In-floor heat and air units serve the property; a finished, heated three-car garage is also included.
The 0.5-acre lot extends mainly behind the house. Outdoor features include a deck serving the smaller residence and a patio for the larger one. Appliances are included in their present condition.
The 0.5-acre lot extends mainly behind the house. Outdoor features include a deck serving the smaller residence and a patio for the larger one. Appliances are included in their present condition.
Key Highlights
- 4,992‑square‑foot duplex built in 2003
- Two living spaces: one with 2 bedrooms and one with 3 bedrooms
- Larger residence includes 2 bonus rooms, a great room, and a den
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.
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - A half-acre parcel supports two residences with distinct interior layouts and outdoor areas.
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: 4,992‑square‑foot duplex built in 2003; Two living spaces: one with 2 bedrooms and one with 3 bedrooms; Larger residence includes 2 bonus rooms, a great room, and a den
