Duplex with Two-Car
For Sale
$139,000
Pending
2418 Tower Ave, Superior, WI 54880
Separate utilities, off-street parking, and an updated kitchen in the main-level residence support a two-unit rental setup.
Property Size1,420 SF
Days on Market9
Property Features for 2418 Tower Ave
General Information
Standard status
Pending
Size
1,420 SF
Property subtype
Residential Income
Property Condition
Severity
Major Repairs Needed
Evidence
The upper unit needs to be completely renovated.
Units
Multifamily Units
2
Individually Metered Utilities
all utilities
Taxes and HOA fees
Annual Taxes
$1,954
Amenities
updated kitchen
Building Details
Buildings
1
Listing Agency:
RE/MAX Results
(715) 392-1111
Listed By:
Steve Germond · License #40074285
(218) 390-2826
Source:
Exprealty
Added: Oct 21
Changed: Oct 27
Last Checked: Oct 28 at 10:12AM
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 duplex contains 1,420 square feet and includes a main-level unit with an updated kitchen. The upper unit requires complete renovation. A basement foundation and a two-car garage are also part of the property, with off-street parking available.
Utilities are separately metered, and tenants are responsible for their own utility costs. The property is located at 2418 Tower Ave in Superior, Wisconsin.
Utilities are separately metered, and tenants are responsible for their own utility costs. The property is located at 2418 Tower Ave in Superior, Wisconsin.
Key Highlights
- 1,420‑square‑foot duplex
- Two‑car garage and off‑street parking
- Main‑level unit has an updated kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,836
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,720
$236.7K
Cap Rate 7%
$169,086
$169.1K
Cap Rate 9%
$131,511
$131.5K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$17.9K $12.60/SF
− Vacancy
−$984 −$0.69/SF
EGI
$16.9K $11.91/SF
− OpEx
−$5.1K −$3.57/SF
NOI
$11.8K $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%
$236,720
Cap Rate 7%
$169,086
Cap Rate 9%
$131,511
Alternative Uses
Best Use
Multifamily LT 5
$169.1K
$148.0K – $197.3K
NOI $11,836 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$148.8K
$130.2K – $173.6K
NOI $10,417 @ 7.0% cap · market cap 7.49%
Theoretical Best
Specialty Retail
$447.7K
$391.8K – $522.3K
NOI $31,340 @ 7.0% cap · market cap 22.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
324
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 - Separate utilities, off-street parking, and an updated kitchen in the main-level residence support a two-unit rental setup.
Where is this duplex located?
The property is located at 2418 Tower Ave Superior, WI.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: 1,420‑square‑foot duplex; Two‑car garage and off‑street parking; Main‑level unit has an updated kitchen
