Up-and-Down Duplex with
For Sale
$194,900
5314 E 3rd St, Superior, WI 54880
Two independent units offer private entrances, kitchens, storage, and separate outdoor spaces.
Property Size1,860 SF
Lot Size0.17 Acres
Days on Market103
Property Features for 5314 E 3rd St
General Information
Standard status
Active
Size
1,860 SF
Total Parking Spaces
2
Lot size
0.17 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,725
Amenities
in-unit laundry
enclosed porch
upper deck
Building Details
Building Size
1,860 SF
Year Built
1899
Buildings
1
Listing Agency:
RE/MAX Results
(715) 392-1111
Listed By:
Melissa Sundet
Source:
Visionsfirstrealty
Added: May 20
Changed: Aug 30
Last Checked: Aug 30 at 8:15AM
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
Investment Insights
Based on property information with market context.
This two-level duplex includes a lower residence with over 900 finished square feet, two bedrooms, one full bathroom, in-unit laundry, a kitchen, and a naturally bright living area. The unit also has separate front and side access, an enclosed porch, basement access, and use of the detached two-car garage. Upstairs, the second residence provides just over 700 finished square feet with one bedroom, one full bathroom, a kitchen, storage, private front and side entrances, and an upper deck.
The property occupies a 63’ x 120’ lot and was built in 1899. Its separate layouts and independent entries support continued duplex use, while the existing configuration also provides flexibility for an owner-occupant arrangement. Showings require 48 hours’ notice.
The property occupies a 63’ x 120’ lot and was built in 1899. Its separate layouts and independent entries support continued duplex use, while the existing configuration also provides flexibility for an owner-occupant arrangement. Showings require 48 hours’ notice.
Key Highlights
- Two‑unit duplex with separate lower and upper residences
- Lower unit offers over 900 finished square feet with 2 bedrooms and 1 full bathroom
- Upper unit provides just over 700 finished square feet with 1 bedroom and 1 full bathroom
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
$15,503
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
7.95%
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%
$310,060
$310.1K
Cap Rate 7%
$221,471
$221.5K
Cap Rate 9%
$172,256
$172.3K
Market Conditions
NOI Build-Up for 1,860 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
$23.4K $12.60/SF
− Vacancy
−$1.3K −$0.69/SF
EGI
$22.1K $11.91/SF
− OpEx
−$6.6K −$3.57/SF
NOI
$15.5K $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%
$310,060
Cap Rate 7%
$221,471
Cap Rate 9%
$172,256
Alternative Uses
Best Use
Multifamily LT 5
$221.5K
$193.8K – $258.4K
NOI $15,503 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$194.9K
$170.6K – $227.4K
NOI $13,645 @ 7.0% cap · market cap 7.00%
Theoretical Best
Specialty Retail
$586.4K
$513.1K – $684.2K
NOI $41,051 @ 7.0% cap · market cap 21.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
41
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent units offer private entrances, kitchens, storage, and separate outdoor spaces.
Where is this duplex located?
The property is located at 5314 E 3rd St Superior, WI.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: Two‑unit duplex with separate lower and upper residences; Lower unit offers over 900 finished square feet with 2 bedrooms and 1 full bathroom; Upper unit provides just over 700 finished square feet with 1 bedroom and 1 full bathroom
