Residential Income Property with
New
For Sale
Contact for pricing
2001 1/2 Ohio Ave, Superior, WI 54880
The second-level unit includes three bedrooms, a private rear entrance, and off-street parking.
Property Size888 SF
Days on Market4
Property Features for 2001 1/2 Ohio Ave
General Information
Standard status
Active
Size
888 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,032
Amenities
in-unit washer and dryer
off-street parking
private back entrance
storage shed
Building Details
Building Size
888 SF
Year Built
1890
Listing Agency:
RE/MAX Results
Listed By:
Maria Letsos · License #RA-20373112
(218) 349-0267
Source:
Visionsfirstrealty
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 16 at 5:42AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property is a three-bedroom apartment on the second floor of a duplex. The unit has a living room, IKEA kitchen with modern appliances, in-unit washer and dryer, and a spacious bathroom. A private rear entrance and small storage shed are also included. The property was built in 1890.
Off-street parking is available. The tenant is responsible for utilities, sewage, garbage, and recycling; snow removal and lawn care are included.
Off-street parking is available. The tenant is responsible for utilities, sewage, garbage, and recycling; snow removal and lawn care are included.
Key Highlights
- Three‑bedroom apartment on the second floor of a duplex
- IKEA kitchen with modern appliances
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,514
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,280
$130.3K
Cap Rate 7%
$93,057
$93.1K
Cap Rate 9%
$72,378
$72.4K
Market Conditions
NOI Build-Up for 888 SF
Gross rent
$12.5K $14.04/SF
− Vacancy
−$623 −$0.70/SF
EGI
$11.8K $13.34/SF
− OpEx
−$5.3K −$6.00/SF
NOI
$6.5K $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%
$130,280
Cap Rate 7%
$93,057
Cap Rate 9%
$72,378
Alternative Uses
Best Use
Apartment 5plus
$93.1K
$81.4K – $108.6K
NOI $6,514 @ 7.0% cap · market cap 592.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$280.0K
$245.0K – $326.7K
NOI $19,599 @ 7.0% cap · market cap 1,781.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
131
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
Frequently Asked Questions
What type of property is this?
Residential income property - The second-level unit includes three bedrooms, a private rear entrance, and off-street parking.
Where is this residential income property located?
The property is located at 2001 1/2 Ohio Ave Superior, WI.
What are key features of this property?
This property features: Three‑bedroom apartment on the second floor of a duplex; IKEA kitchen with modern appliances; In‑unit washer and dryer
