Duplex with Two-Car
New
For Sale
$139,000
2418 Tower Ave, Superior, WI 54880
MULTI-FAMILY, Superior, WI
Property Size1,420 SF
Lot Size0.16 Acres
Price / SF$97.89
Days on Market2
Property Features for 2418 Tower Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Basement
Basement
Concrete
Lot features
Level
Elementary school district
Superior (WI) #5663
Middle school district
Superior (WI) #5663
High school district
Superior (WI) #5663
Directions
Tower Avenue
Subdivision
LSAR
Standard status
Active
APN
07-807-02657-00
Size
1,420 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1954
Utilities
Heating system
Forced Air, Natural Gas
Amenities
updated kitchen
Building Details
Year built
1927
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
Listed By:
Steve Germond
(952) 829-2900
Added: Oct 21
Last Checked: Oct 22 at 12:06AM
MLS# 6128587
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 1,420-square-foot duplex was built in 1927 on a 0.16-acre lot. The main-level residence has an updated kitchen; the upper residence requires complete renovation. A basement, off-street parking, and a two-car garage are also part of the property.
The building has a shingle roof and forced-air heating fueled by natural gas. Utilities are separate, with responsibility assigned to the tenants.
The building has a shingle roof and forced-air heating fueled by natural gas. Utilities are separate, with responsibility assigned to the tenants.
Key Highlights
- 1,420 square feet across two residential units
- Upper unit requires complete renovation
- 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
324
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include an updated main-level kitchen and an upper unit requiring full renovation.
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 feet across two residential units; Upper unit requires complete renovation; Main‑level unit has an updated kitchen
