Four-Unit Multifamily
New
For Sale
$399,900
608-610 E 7th St, Superior, WI 54880
MULTI-FAMILY, Superior, WI
Property Size4,030 SF
Lot Size0.19 Acres
Price / SF$99.23
Days on Market1
Property Features for 608-610 E 7th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 1, Bedroom 5, Bedroom 3, Bedroom 8, Basement, Bathroom 4, Bathroom 1, Bathroom 3
Basement
Block
Elementary school district
Superior (WI) #5663
Middle school district
Superior (WI) #5663
High school district
Superior (WI) #5663
Directions
E 7th St and 6th Ave E.
Subdivision
LSAR
Standard status
Active
APN
02-802-06458-00
Size
4,030 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4220
Utilities
Heating system
Hot Water(Heating), Natural Gas
Amenities
shared laundry
Building Details
Year built
1890
Floors in Building
2
Number of units
4
Listing Agency:
RE/MAX Results · RE/MAX International
Listed By:
Jordan Decaro
(952) 829-2900
Added: Oct 19
Last Checked: Oct 19 at 3:06AM
MLS# 6128485
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.
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Investment Insights
Based on property information with market context.
This 4,030-square-foot multifamily building contains four two-bedroom, one-bathroom apartments, with individual unit areas ranging from about 740 to 870 square feet. The property is fully leased and includes shared laundry, hot water heat, and off-street parking for four vehicles. It was built in 1890 and sits on a 0.19-acre lot measuring 60 by 136 feet.
The building has city water and sewer service. The owner pays water, sewer, and gas; tenants pay electricity and garbage. The property is located at 608-610 E 7th St in Superior, Wisconsin.
The building has city water and sewer service. The owner pays water, sewer, and gas; tenants pay electricity and garbage. The property is located at 608-610 E 7th St in Superior, Wisconsin.
Key Highlights
- Four apartments, each with two bedrooms and one bathroom
- Apartment areas range from about 740 to 870 sq ft
- 4,030‑square‑foot building constructed in 1890
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.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
228
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four matching two-bedroom residences share laundry facilities and provide off-street parking.
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 two bedrooms and one bathroom; Apartment areas range from about 740 to 870 sq ft; 4,030‑square‑foot building constructed in 1890
