Duplex with Heated
For Sale
$595,000
4090 S County Rd A, Superior, WI 54880
MULTI-FAMILY, Superior, WI
Property Size2,528 SF
Lot Size14.51 Acres
Price / SF$235.36
Days on Market94
Property Features for 4090 S County Rd A
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Rooms
Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 2
Parking features
Off Street, RV, Driveway
Patio and Porch features
Deck
Exterior features
Deck, Inground Spinkler System
Basement
Block
Lot features
Irregular Lot, Tree Coverage - Light, Tree Coverage - Medium, Level
Elementary school district
Superior (WI) #5663
Middle school district
Superior (WI) #5663
High school district
Superior (WI) #5663
Directions
South on Tower Ave (35), left at the Greenwood cemetery (County Rd C and A), property is on the left
Subdivision
LSAR
Standard status
Active
APN
TS-030-01585-00
Size
2,528 SF
Lot size
14.51 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3653
Utilities
Heating system
Hot Water(Heating), Forced Air, Propane (Heating), Oil
Water source
Private
Building Details
Year built
1978
Floors in Building
1
Number of units
2
Roof type
Metal
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 829-2900
Listed By:
Tom Acton · License #40200615|WI67860-94
(952) 829-2900
Added: May 19
Changed: Aug 20
Last Checked: Aug 20 at 4:06AM
MLS# 6123738
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.
Investment Insights
Based on property information with market context.
This 14.51-acre property includes a 2,528-square-foot manufactured home built in 1978 and configured as two units, with the option to operate as a single-family residence. Each unit includes living space, storage, an upgraded bathroom, and laundry facilities. The property also features a 7,000-square-foot heated and insulated building with 14-foot overhead doors, 16-foot sidewalls, a utility room, office, cold storage area, and bathroom with shower.
A separate 30-by-50-foot non-insulated garage has 14-foot overhead doors and a dirt floor. The paved-road setting includes a driveway designed to support heavy loads, two power meters, private water, a metal roof, and off-street, RV, and driveway parking. The property is approximately 10 minutes from South Superior and includes a deck, inground sprinkler system, and an invisible fence.
A separate 30-by-50-foot non-insulated garage has 14-foot overhead doors and a dirt floor. The paved-road setting includes a driveway designed to support heavy loads, two power meters, private water, a metal roof, and off-street, RV, and driveway parking. The property is approximately 10 minutes from South Superior and includes a deck, inground sprinkler system, and an invisible fence.
Key Highlights
- 14.51‑acre property near South Superior
- 2,528‑square‑foot manufactured home configured as two units
- 7,000‑square‑foot heated and insulated building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,071
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,420
$421.4K
Cap Rate 7%
$301,014
$301.0K
Cap Rate 9%
$234,122
$234.1K
Market Conditions
NOI Build-Up for 2,528 SF
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.
Gross rent
$31.9K $12.60/SF
− Vacancy
−$1.8K −$0.69/SF
EGI
$30.1K $11.91/SF
− OpEx
−$9.0K −$3.57/SF
NOI
$21.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,420
Cap Rate 7%
$301,014
Cap Rate 9%
$234,122
Alternative Uses
Best Use
Multifamily LT 5
$301.0K
$263.4K – $351.2K
NOI $21,071 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$264.9K
$231.8K – $309.1K
NOI $18,545 @ 7.0% cap · market cap 3.12%
Theoretical Best
Specialty Retail
$797.1K
$697.4K – $929.9K
NOI $55,794 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit manufactured home paired with substantial acreage and multiple accessory buildings for residential and equipment use.
Where is this duplex located?
The property is located at 4090 S County Rd A Superior, WI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 14.51‑acre property near South Superior; 2,528‑square‑foot manufactured home configured as two units; 7,000‑square‑foot heated and insulated building
