Four-Unit Multifamily
For Sale
$399,900
608-610 E 7th St, Superior, WI 54880
Each residence has two bedrooms and one bathroom, with shared laundry and off-street parking on site.
Property Size4,030 SF
Lot Size0.19 Acres
Days on Market9
Property Features for 608-610 E 7th St
General Information
Standard status
Active
Size
4,030 SF
Total Parking Spaces
4
Lot size
0.19 Acres
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$48,300
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,219
Amenities
shared laundry
Building Details
Building Size
4,030 SF
Year Built
1890
Listing Agency:
RE/MAX Results
Listed By:
Jordan DeCaro · License #40286367|WI79981-94
(218) 428-0861
Source:
Visionsfirstrealty
Added: Oct 14
Changed: Oct 21
Last Checked: Oct 20 at 5:03PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential property in Superior has a uniform mix of two-bedroom, one-bathroom apartments, each ranging from about 740 to 870 sq ft. The building dates to 1890 and is equipped with hot water heat. Shared laundry serves the units, and the 60 x 136 lot includes off-street parking for four vehicles.
The property is fully leased and connected to city water and sewer. The owner pays for water, sewer, and gas; tenants cover electric service and garbage.
The property is fully leased and connected to city water and sewer. The owner pays for water, sewer, and gas; tenants cover electric service and garbage.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- Unit sizes range from about 740 to 870 sq ft
- 60 x 136 lot with off‑street parking for 4 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,590
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,800
$671.8K
Cap Rate 7%
$479,857
$479.9K
Cap Rate 9%
$373,222
$373.2K
Market Conditions
NOI Build-Up for 4,030 SF
Gross rent
$50.8K $12.60/SF
− Vacancy
−$2.8K −$0.69/SF
EGI
$48.0K $11.91/SF
− OpEx
−$14.4K −$3.57/SF
NOI
$33.6K $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%
$671,800
Cap Rate 7%
$479,857
Cap Rate 9%
$373,222
Alternative Uses
Best Use
Multifamily LT 5
$479.9K
$419.9K – $559.8K
NOI $33,590 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$422.3K
$369.6K – $492.7K
NOI $29,564 @ 7.0% cap · market cap 7.39%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,944 @ 7.0% cap · market cap 22.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
182
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
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms and one bathroom, with shared laundry and off-street parking on site.
Where is this quadplex located?
The property is located at 608-610 E 7th St Superior, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; Unit sizes range from about 740 to 870 sq ft; 60 x 136 lot with off‑street parking for 4 vehicles
