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    Up-Down Duplex with Private Entrances Title is generated by Realmo AI

    5314 E 3rd St, Superior, WI 54880

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    For Sale
    $194,900

    Duplex, Up & Down - Superior, WI

    Type:Duplex
    Property size:
    1,860 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $104/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 4:06 pm

    Property Features for 5314 E 3rd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking
    2
    EntryLevel
    Lower,Upper Level
    Basement Y/N
    1
    Standard status
    Active
    APN
    11-811-04052-00
    Size
    1,860 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3725.97

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas

    Building Details

    Year built
    1899
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Melissa Sundet

    Listing agent Melissa Sundet

    Listing office RE/MAX Results 2520 Maple Grove Road, Duluth, WI

    Listing date Jun 5, 2026

    MLS# 6125420 Listing URL

    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.

    HighLights

    • Up/down duplex with brick construction and basement, built in 1899.
    • Oversized 63’ x 120’ lot with private front and side entrances for each unit.
    • Lower unit has 900+ finished SF with 2 bedrooms, 1 full bath, in‑unit laundry, and kitchen access.
    • Lower unit includes an enclosed porch for storage plus access to the basement and the detached 2‑car garage.
    • Upper unit has just over 700 finished SF with 1 bedroom, 1 full bath, storage, and a spacious upper deck.
    • Heat includes natural gas and hot water (heating) systems.

    Overview

    This up-and-down duplex offers two separate living spaces with practical independence. The lower unit includes over 900 finished square feet with 2 bedrooms, 1 full bathroom, in-unit laundry, and a functional kitchen and bright living area. Residents also benefit from private front and side entrances, an enclosed porch that can be used for added storage, and access to the basement. The lower unit also uses the detached 2-car garage.

    The upper unit provides just over 700 finished square feet with a 1-bedroom, 1 full bathroom layout, a kitchen, and generous storage. It has private front and side entrances and includes a spacious upper deck. The property sits on an oversized 63’ x 120’ lot in a quiet Superior neighborhood.

    This format supports several tenant and owner-operator scenarios, including renting both units for rental income or owner-occupying one unit while renting the other to help offset housing costs. It may also be considered for a buyer who wants to restore the home to a single-family residence, using the existing two-unit layout as a starting point. Detached-garage access and private entries for both levels add day-to-day usability for residents. A 48-hour notice is required for all showings.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $23.4k $12.60
    − Vacancy −$1.3k −$0.69
    EGI $22.1k $11.91
    − OpEx −$6.6k −$3.57
    NOI $15.5k $8.33
    1,860 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $221.5K
    $193.8K – $258.4K (±1% cap)
    NOI $15,503 @ 7.0% cap · market cap 7.95%
    Second Best
    Apartment 5plus
    $194.9K
    $170.6K – $227.4K (±1% cap)
    NOI $13,645 @ 7.0% cap · market cap 7.00%
    Theoretical Best
    Specialty Retail
    $586.4K
    $513.1K – $684.2K (±1% cap)
    NOI $41,051 @ 7.0% cap · market cap 21.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Hotel & Motel Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Superior
    County
    Douglas
    State
    Wisconsin
    Longitude
    -92.007348
    Latitude
    46.673482

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    FAQs

    What type of property is this?
    Duplex - Up-down duplex with two independent units, in-unit laundry, and separate entrances on an oversized lot.
    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: Up/down duplex with brick construction and basement, built in 1899.; Oversized 63’ x 120’ lot with private front and side entrances for each unit.; Lower unit has 900+ finished SF with 2 bedrooms, 1 full bath, in‑unit laundry, and kitchen access.
    (218) 343-8859
    We can help!
    Listing Contact
    Melissa Sundet
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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