2-Unit Duplex with Detached
New
For Sale
$194,900
1911 Lackawanna Ave, Superior, WI 54880
MULTI-FAMILY, Superior, WI
Property Size1,540 SF
Lot Size0.14 Acres
Price / SF$126.56
Days on Market1
Property Features for 1911 Lackawanna Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
Elementary school district
Superior (WI) #5663
Middle school district
Superior (WI) #5663
High school district
Superior (WI) #5663
Directions
From US-2 E take a slight right to Belknap St. Turn left on Lackawanna Ave to home.
Subdivision
LSAR
Standard status
Active
APN
09-809-00889-00
Size
1,540 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3048
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Listing Agency:
RE/MAX Results · RE/MAX International
Listed By:
Jordan Decaro
(952) 829-2900
Added: Oct 19
Last Checked: Oct 19 at 5:06AM
MLS# 6128482
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.
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Investment Insights
Based on property information with market context.
This 1,540-square-foot duplex contains two apartments, each with one bedroom and one bathroom. The units occupy separate lower and upper levels, and both are currently rented. The property has natural gas forced-air heating, vinyl siding, city water and sewer, and a detached one-car garage. It was built in 1930 and sits on a 0.14-acre lot measuring 45x135.
In Superior’s West End, the property is just off Belknap Street with access to US-2. The owner covers water, sewer, and gas; tenants pay their own electric and trash. The lower unit’s lease runs through 8/26/2027, and the upper unit’s lease runs through 1/28/2027.
In Superior’s West End, the property is just off Belknap Street with access to US-2. The owner covers water, sewer, and gas; tenants pay their own electric 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
- Both apartments are currently rented
- Two units, each with 1 bedroom and 1 bathroom
- 1,540 square feet on a 0.14‑acre, 45x135 lot
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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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
147
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
Frequently Asked Questions
What type of property is this?
Duplex - Both one-bedroom apartments are occupied, with separate lower- and upper-level layouts.
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: Both apartments are currently rented; Two units, each with 1 bedroom and 1 bathroom; 1,540 square feet on a 0.14‑acre, 45x135 lot
