4-Unit Residential
For Sale
Contact for pricing
1822 John Ave, Superior, WI 54880
A refreshed two-bedroom apartment includes basement storage and one off-street parking space.
Property Size800 SF
Days on Market8
Property Features for 1822 John Ave
General Information
Standard status
Active
Size
800 SF
Total Parking Spaces
1
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$2,729
Amenities
washer and dryer
extra storage
extra closets
desk space
Building Details
Building Size
800 SF
Year Built
1895
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Results
Listed By:
Maria Letsos · License #RA-20373112
(218) 349-0267
Source:
Visionsfirstrealty
Added: Oct 17
Changed: Oct 21
Last Checked: Oct 24 at 1:27PM
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
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Investment Insights
Based on property information with market context.
At 1822 John Ave, this 1895-built residential property contains four units. The available main-level apartment has two bedrooms, with living, dining, and kitchen areas arranged in sequence. A broad hall offers two closets and space for a desk. The apartment has new paint throughout, updated kitchen flooring, and some replaced light fixtures. Basement space provides laundry equipment and additional storage.
One off-street parking space is provided. Heat, lawn care, snow removal, garbage, and recycling are included; the resident is responsible for electricity, water, and sewage. The apartment is designated smoke-free, and pets are not permitted.
One off-street parking space is provided. Heat, lawn care, snow removal, garbage, and recycling are included; the resident is responsible for electricity, water, and sewage. The apartment is designated smoke-free, and pets are not permitted.
Key Highlights
- Four‑unit residential building constructed in 1895
- Main‑level apartment with 2 bedrooms
- Basement includes washer, dryer, and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,869
Suggested Prices Based on Cap Rates
Cap Rate 5%
$117,380
$117.4K
Cap Rate 7%
$83,843
$83.8K
Cap Rate 9%
$65,211
$65.2K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$11.2K $14.04/SF
− Vacancy
−$562 −$0.70/SF
EGI
$10.7K $13.34/SF
− OpEx
−$4.8K −$6.00/SF
NOI
$5.9K $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%
$117,380
Cap Rate 7%
$83,843
Cap Rate 9%
$65,211
Alternative Uses
Best Use
Apartment 5plus
$83.8K
$73.4K – $97.8K
NOI $5,869 @ 7.0% cap · market cap 533.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$252.2K
$220.7K – $294.3K
NOI $17,656 @ 7.0% cap · market cap 1,605.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - A refreshed two-bedroom apartment includes basement storage and one off-street parking space.
Where is this residential income property located?
The property is located at 1822 John Ave Superior, WI.
What are key features of this property?
This property features: Four‑unit residential building constructed in 1895; Main‑level apartment with 2 bedrooms; Basement includes washer, dryer, and storage space
