Duplex with
New
For Sale
$225,000
1521 Hammond Ave, Superior, WI 54880
MULTI-FAMILY, Superior, WI
Property Size2,700 SF
Lot Size0.16 Acres
Price / SF$83.33
Days on Market1
Property Features for 1521 Hammond Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Basement, Bathroom 1, Bedroom 2
Basement
Concrete
Elementary school district
Superior (WI) #5663
Middle school district
Superior (WI) #5663
High school district
Superior (WI) #5663
Directions
From Belknap, south on Hammond.
Subdivision
LSAR
Standard status
Active
APN
07-807-00112-00
Size
2,700 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3064
Utilities
Heating system
Hot Water(Heating), Oil
Amenities
sunrooms
Building Details
Year built
1914
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 829-2900
Listed By:
Steve Braman · License #RA-20553337
(218) 310-2590
Added: Oct 5
Last Checked: Oct 5 at 2:06PM
MLS# 6128328
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 1914, this two-story duplex contains two units across 2,700 square feet on a 0.16-acre lot. Each unit has a sunroom. Property updates include mechanical systems, some newer windows, and a newer shingle roof. Heating is oil-fired hot water, and off-street parking is available.
The property is near restaurants, a bus line, and the UW-Superior campus. Duluth is a short drive away.
The property is near restaurants, a bus line, and the UW-Superior campus. Duluth is a short drive away.
Key Highlights
- Two‑story duplex with two units and a sunroom in each
- 2,700 square feet on a 0.16‑acre lot
- Built in 1914; oil‑fired hot‑water heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,807
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,140
$396.1K
Cap Rate 7%
$282,957
$283.0K
Cap Rate 9%
$220,078
$220.1K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$37.9K $14.04/SF
− Vacancy
−$1.9K −$0.70/SF
EGI
$36.0K $13.34/SF
− OpEx
−$16.2K −$6.00/SF
NOI
$19.8K $7.34/SF
Area
Douglas County, WI
Vacancy
5.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,140
Cap Rate 7%
$282,957
Cap Rate 9%
$220,078
Alternative Uses
Best Use
Multifamily LT 5
$321.5K
$281.3K – $375.1K
NOI $22,504 @ 7.0% cap · market cap 10.00%
Second Best
Apartment 5plus
$283.0K
$247.6K – $330.1K
NOI $19,807 @ 7.0% cap · market cap 8.80%
Theoretical Best
Specialty Retail
$851.3K
$744.9K – $993.2K
NOI $59,590 @ 7.0% cap · market cap 26.48%
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
1,044
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide distinct living spaces, with off-street parking and nearby bus service.
Where is this duplex located?
The property is located at 1521 Hammond Ave Superior, WI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑story duplex with two units and a sunroom in each; 2,700 square feet on a 0.16‑acre lot; Built in 1914; oil‑fired hot‑water heating
