Two-Unit Duplex with Detached
New
For Sale
$179,900
1705 Hammond Ave, Superior, WI 54880
An up-and-down layout provides separate living spaces, with a basement and detached garage adding functional storage and parking.
Property Size2,074 SF
Days on Market7
Property Features for 1705 Hammond Ave
General Information
Standard status
Active
Size
2,074 SF
Total Parking Spaces
1
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$25,800
Taxes and HOA fees
Annual Taxes
$2,607
Building Details
Building Size
2,074 SF
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Results
Listed By:
Jordan DeCaro · License #40286367|WI79981-94
(218) 428-0861
Source:
Visionsfirstrealty
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 5 at 3:01PM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This 1900-built duplex contains two vertically arranged apartments. The main-floor residence has 3 bedrooms, 1 bathroom, and 1,189 square feet; the upper apartment includes 1 bedroom, 1 bathroom, and 885 square feet. A full basement and detached one-car garage are also part of the property, and the building uses natural gas hot-water heat.
Both apartments are occupied under leases extending through May 25, 2027, for the lower unit and June 25, 2027, for the upper unit. Residents are responsible for electricity, heat, and trash, while the owner pays for water and sewer.
Both apartments are occupied under leases extending through May 25, 2027, for the lower unit and June 25, 2027, for the upper unit. Residents are responsible for electricity, heat, and trash, while the owner pays for water and sewer.
Key Highlights
- Two units: 3‑bedroom, 1‑bath lower apartment and 1‑bedroom, 1‑bath upper apartment
- Lower apartment measures 1,189 square feet; upper apartment measures 885 square feet
- Leases run through 5/25/2027 and 6/25/2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,215
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,300
$304.3K
Cap Rate 7%
$217,357
$217.4K
Cap Rate 9%
$169,056
$169.1K
Market Conditions
NOI Build-Up for 2,074 SF
Gross rent
$29.1K $14.04/SF
− Vacancy
−$1.5K −$0.70/SF
EGI
$27.7K $13.34/SF
− OpEx
−$12.4K −$6.00/SF
NOI
$15.2K $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%
$304,300
Cap Rate 7%
$217,357
Cap Rate 9%
$169,056
Alternative Uses
Best Use
Multifamily LT 5
$247.0K
$216.1K – $288.1K
NOI $17,287 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$217.4K
$190.2K – $253.6K
NOI $15,215 @ 7.0% cap · market cap 8.46%
Theoretical Best
Specialty Retail
$653.9K
$572.2K – $762.9K
NOI $45,774 @ 7.0% cap · market cap 25.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
962
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - An up-and-down layout provides separate living spaces, with a basement and detached garage adding functional storage and parking.
Where is this duplex located?
The property is located at 1705 Hammond Ave Superior, WI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two units: 3‑bedroom, 1‑bath lower apartment and 1‑bedroom, 1‑bath upper apartment; Lower apartment measures 1,189 square feet; upper apartment measures 885 square feet; Leases run through 5/25/2027 and 6/25/2027
