Two-Unit Duplex with New
3819 E 2nd St, Superior, WI 54880
For Sale
$210,000
A leased main-floor residence and an upper unit ready for occupancy provide two distinct living spaces.
Property Size2,400 SF
Days on Market11
Property Features for 3819 E 2nd St
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Professional Support Services, LLC.
Listed By:
Nicholas VanDoornevelt
(612) 250-4358
Source:
Visionsfirstrealty
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 12 at 4:12AM
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 Professional Support Services, LLC.
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Investment Insights
Based on property information with market context.
Built in 1930, this up-and-down duplex in Superior has two residential units and a new roof. The main-level unit is leased, while the upper unit is ready for its next occupant. City water, gas, and sewer serve the property, and two electrical panels are in place, with potential to provide separate electrical service to each unit.
The property sits just off the Tri-County Corridor main trail, providing direct access to the trail from the doorstep.
The property sits just off the Tri-County Corridor main trail, providing direct access to the trail from the doorstep.
Key Highlights
- Up‑and‑down duplex built in 1930
- New roof
- Leased main‑level unit; upper unit is ready for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,606
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,120
$352.1K
Cap Rate 7%
$251,514
$251.5K
Cap Rate 9%
$195,622
$195.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$33.7K $14.04/SF
− Vacancy
−$1.7K −$0.70/SF
EGI
$32.0K $13.34/SF
− OpEx
−$14.4K −$6.00/SF
NOI
$17.6K $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%
$352,120
Cap Rate 7%
$251,514
Cap Rate 9%
$195,622
Alternative Uses
Best Use
Multifamily LT 5
$285.8K
$250.1K – $333.4K
NOI $20,004 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$251.5K
$220.1K – $293.4K
NOI $17,606 @ 7.0% cap · market cap 8.38%
Theoretical Best
Specialty Retail
$756.7K
$662.1K – $882.8K
NOI $52,969 @ 7.0% cap · market cap 25.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
67
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 - A leased main-floor residence and an upper unit ready for occupancy provide two distinct living spaces.
Where is this duplex located?
The property is located at 3819 E 2nd St Superior, WI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Up‑and‑down duplex built in 1930; New roof; Leased main‑level unit; upper unit is ready for occupancy
