Duplex with Basement
New
For Sale
$299,000
5426 Hammond Ave, Superior, WI 54880
MULTI-FAMILY, Superior, WI
Property Size1,983 SF
Lot Size0.24 Acres
Price / SF$150.78
Days on Market3
Property Features for 5426 Hammond Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 5, Basement, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 2
Parking features
Off Street
Basement
Concrete
Lot features
Level
Elementary school district
Superior (WI) #5663
Middle school district
Superior (WI) #5663
High school district
Superior (WI) #5663
Directions
From Tower Ave to N 56th St to Hammond Ave.
Subdivision
LSAR
Standard status
Active
APN
08-808-00895-00
Size
1,983 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2715
Utilities
Heating system
Natural Gas, Oil
Building Details
Year built
1968
Number of units
2
Roof type
Composition
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 829-2900
Listed By:
Steve Germond · License #40074285
(218) 390-2826
Added: Oct 8
Last Checked: Oct 10 at 9:06AM
MLS# 6128385
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.
Built in 1968, this 1,983-square-foot duplex contains two residences: one with three bedrooms and one with two. Both units have basement access. Vinyl windows and newer flooring are among the property’s updates.
The parcel measures 0.24 acres and includes off-street parking. Heating is listed as natural gas and oil.
The parcel measures 0.24 acres and includes off-street parking. Heating is listed as natural gas and oil.
Key Highlights
- Two‑unit property with 3‑bedroom and 2‑bedroom residences
- Each unit has basement access
- 1,983 square feet on a 0.24‑acre lot
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.
Property Analytics
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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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer three- and two-bedroom layouts, each with access to the basement.
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‑unit property with 3‑bedroom and 2‑bedroom residences; Each unit has basement access; 1,983 square feet on a 0.24‑acre lot
