4-Unit Quadplex with Shared
For Sale
$399,900
608 E 7th Street, Superior, WI 54880
Four matching two-bedroom layouts are served by hot water heat and city utilities.
Property Size4,030 SF
Lot Size0.19 Acres
Price / SF$99.23
Days on Market16
Property Features for 608 E 7th Street
General Information
Standard status
Active
Size
4,030 SF
Total Parking Spaces
4
Lot size
0.19 Acres
Property subtype
Fourplex
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$48,300
Utilities to Site
Yes
Tenant in Place
Yes
Amenities
shared laundry
Building Details
Year Built
1890
Buildings
1
Listing Agency:
RE/MAX Results
(218) 722-2811
Listed By:
Jordan R DeCaro · License #40286367|WI79981-94
(218) 428-0861
Source:
Caibert
Added: Oct 14
Changed: Oct 28
Last Checked: Oct 28 at 3:39PM
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
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Investment Insights
Based on property information with market context.
This 4,030-square-foot quadplex contains four two-bedroom, one-bathroom apartments, each ranging from approximately 740 to 870 square feet. The building was constructed in 1890 and has hot water heat and shared laundry. All four units are leased. The owner covers water, sewer, and gas; tenants pay electricity and garbage service.
The property occupies a 60-by-136-foot lot with off-street parking for four vehicles. City water and sewer serve the building.
The property occupies a 60-by-136-foot lot with off-street parking for four vehicles. City water and sewer serve the building.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- Unit sizes range from about 740 to 870 square feet
- 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four matching two-bedroom layouts are served by hot water heat and city utilities.
Where is this quadplex located?
The property is located at 608 E 7th Street 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 square feet; 4,030‑square‑foot building constructed in 1890
