Two-Unit Duplex with Detached
For Sale
$194,900
1911 Lackawanna Ave, Superior, WI 54880
Two one-bedroom apartments are arranged on separate floors, with a detached garage and city water and sewer service.
Property Size1,540 SF
Lot Size0.14 Acres
Days on Market10
Property Features for 1911 Lackawanna Ave
General Information
Standard status
Active
Size
1,540 SF
Total Parking Spaces
1
Lot size
0.14 Acres
Property subtype
Duplex
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Gross Income
$25,260
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,048
Building Details
Building Size
1,540 SF
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Results
Listed By:
Jordan DeCaro · License #40286367|WI79981-94
(218) 428-0861
Source:
Visionsfirstrealty
Added: Oct 14
Changed: Oct 21
Last Checked: Oct 23 at 3:18AM
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.
This 1930 duplex contains two one-bedroom, one-bath units, one on each floor. Both apartments are leased. The building has natural gas forced-air heat, vinyl siding, and city water and sewer, with a detached one-car garage on a 45-by-135-foot lot.
The property is in Superior’s West End, just off Belknap Street, with access to US-2. The owner covers water, sewer, and gas; tenants pay their own electricity and trash. The lower unit’s lease runs through 8/26/2027, and the upper unit’s lease runs through 1/28/2027.
The property is in Superior’s West End, just off Belknap Street, with access to US-2. The owner covers water, sewer, and gas; tenants pay their own electricity and trash. The lower unit’s lease runs through 8/26/2027, and the upper unit’s lease runs through 1/28/2027.
Key Highlights
- Two leased units, each with 1 bedroom and 1 bath
- Lower apartment lease runs through 8/26/2027; upper apartment lease runs through 1/28/2027
- Detached 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,836
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,720
$256.7K
Cap Rate 7%
$183,371
$183.4K
Cap Rate 9%
$142,622
$142.6K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$19.4K $12.60/SF
− Vacancy
−$1.1K −$0.69/SF
EGI
$18.3K $11.91/SF
− OpEx
−$5.5K −$3.57/SF
NOI
$12.8K $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%
$256,720
Cap Rate 7%
$183,371
Cap Rate 9%
$142,622
Alternative Uses
Best Use
Multifamily LT 5
$183.4K
$160.5K – $213.9K
NOI $12,836 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$161.4K
$141.2K – $188.3K
NOI $11,297 @ 7.0% cap · market cap 5.80%
Theoretical Best
Specialty Retail
$485.5K
$424.9K – $566.5K
NOI $33,988 @ 7.0% cap · market cap 17.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
147
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom apartments are arranged on separate floors, with a detached garage and city water and sewer service.
Where is this duplex located?
The property is located at 1911 Lackawanna Ave Superior, WI.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: Two leased units, each with 1 bedroom and 1 bath; Lower apartment lease runs through 8/26/2027; upper apartment lease runs through 1/28/2027; Detached 1‑car garage
