Duplex with Two-Bedroom
New
For Sale
$299,000
5426 Hammond Ave, Superior, WI 54880
Two separate apartments include basement access, with off-street parking on a large lot.
Property Size1,983 SF
Days on Market7
Property Features for 5426 Hammond Ave
General Information
Standard status
Active
Size
1,983 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,715
Building Details
Building Size
1,983 SF
Year Built
1968
Listing Agency:
RE/MAX Results
Listed By:
Steve Germond · License #40074285
(218) 390-2826
Source:
Visionsfirstrealty
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 12 at 4:34PM
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 1968 duplex contains two apartments: one with three bedrooms and one bathroom, and another with two bedrooms and one bathroom. Both units have basement access. Vinyl windows and newer flooring are among the building’s stated features.
The property sits on a large lot with off-street parking. The site also has space for a large garage.
The property sits on a large lot with off-street parking. The site also has space for a large garage.
Key Highlights
- Two apartments: one 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit
- Basement access for both units
- Vinyl windows and newer flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,528
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,560
$330.6K
Cap Rate 7%
$236,114
$236.1K
Cap Rate 9%
$183,644
$183.6K
Market Conditions
NOI Build-Up for 1,983 SF
Gross rent
$25.0K $12.60/SF
− Vacancy
−$1.4K −$0.69/SF
EGI
$23.6K $11.91/SF
− OpEx
−$7.1K −$3.57/SF
NOI
$16.5K $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 Rate 5%
$330,560
Cap Rate 7%
$236,114
Cap Rate 9%
$183,644
Alternative Uses
Best Use
Multifamily LT 5
$236.1K
$206.6K – $275.5K
NOI $16,528 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$207.8K
$181.8K – $242.5K
NOI $14,547 @ 7.0% cap · market cap 4.87%
Theoretical Best
Specialty Retail
$625.2K
$547.1K – $729.4K
NOI $43,766 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
113
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments include basement access, with off-street parking on a large lot.
Where is this duplex located?
The property is located at 5426 Hammond Ave Superior, WI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two apartments: one 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit; Basement access for both units; Vinyl windows and newer flooring
