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    Superior Duplex with Modern Updates Title is generated by Realmo AI

    1915 Wisconsin Ave, Superior, WI 54880

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    For Sale
    $250,000

    Duplex, Up & Down - Superior, WI

    Type:Duplex
    Property size:
    2,665 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $93/SF
    Added:
    May 12, 2026
    Days on Market:
    4
    Last Refresh:
    May 15 at 4:06 pm

    Property Features for 1915 Wisconsin Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    5
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    2
    Interior features
    Eat-in Kitchen, Walk-up Attic
    EntryLevel
    Main,2-3
    Standard status
    Active
    APN
    09-809-00813-00
    Size
    2,665 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3611

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1904
    Number of units
    2
    Roof type
    Fiberglass, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Germond
    Steve Germond

    Listing agent Steve Germond

    Listing office RE/MAX Results 2520 Maple Grove Road, Duluth, WI

    Listing date May 12, 2026

    MLS# 6123602 Listing URL

    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.

    HighLights

    • Main level flooring leveled by Duluth Basement Systems with transferable warranty.
    • Two‑unit duplex provides immediate rental income potential.
    • 24x26 insulated two‑car garage and off‑street parking.
    • Upper unit is renovated with ample living space.
    • Walk‑up attic provides versatile space for bedroom, office, exercise, and storage.
    • Durable vinyl siding and windows, with new roofing installed in 2017.

    Overview

    This duplex presents an investment opportunity. The main level apartment features 3 bedrooms, a dining room, and an eat-in kitchen with modern appliances. The upper unit has been renovated and offers living space, including a dining room, living room, kitchen, and bedroom. The walk-up attic level functions as a bedroom with space for a home office, exercise area, and storage. The property includes a 24x26 insulated two-car garage, an 8x10 storage shed, and off-street parking. The property has vinyl siding and windows, and it received new roofing in 2017. The flooring on the main level was leveled within the past 6 months. The property is located in Superior, WI, and sits on a 0.13-acre lot.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $246.8K
    NOI $22,213 @ 9.00% cap · cautious / downside scenario
    Moderate
    $317.3K
    NOI $22,213 @ 7.00% cap · market / base-case scenario
    Aggressive
    $444.3K
    NOI $22,213 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $33.6k $12.60
    − Vacancy −$1.8k −$0.69
    EGI $31.7k $11.91
    − OpEx −$9.5k −$3.57
    NOI $22.2k $8.33
    2,665 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $317.3K
    $277.7K – $370.2K (±1% cap)
    NOI $22,213 @ 7.0% cap · market cap 8.89%
    Second Best
    Apartment 5plus
    $279.3K
    $244.4K – $325.8K (±1% cap)
    NOI $19,550 @ 7.0% cap · market cap 7.82%
    Theoretical Best
    Specialty Retail
    $840.3K
    $735.2K – $980.3K (±1% cap)
    NOI $58,818 @ 7.0% cap · market cap 23.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Daycare Center Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Superior
    County
    Douglas
    State
    Wisconsin
    Longitude
    -92.131492
    Latitude
    46.715339

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    FAQs

    What type of property is this?
    Duplex - Updated duplex featuring modern amenities and strong rental demand.
    Where is this duplex located?
    The property is located at 1915 Wisconsin Ave Superior, WI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Main level flooring leveled by Duluth Basement Systems with transferable warranty.; Two‑unit duplex provides immediate rental income potential.; 24x26 insulated two‑car garage and off‑street parking.
    (218) 390-2826
    We can help!
    Listing Contact
    Steve Germond
    Steve Germond
    Real Estate License ID: 40074285
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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