2-Unit Duplex with Detached
For Sale
$265,000
723 Clough Avenue, Superior, WI 54880
Two apartments offer matching two-bedroom layouts, shared basement access, and a detached garage.
Property Size1,581 SF
Price / SF$167.62
Days on Market33
Property Features for 723 Clough Avenue
General Information
Standard status
Active
Size
1,581 SF
Property subtype
Duplex Up and Down
Building Details
Year Built
1904
Listing Agency:
RE/MAX Results Duluth
(218) 722-2810
Listed By:
Thomas C Acton
(218) 310-8859
Source:
Obviousrealestate
Added: Oct 3
Changed: Nov 3
Last Checked: Nov 3 at 8:35AM
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 Duluth
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Investment Insights
Based on property information with market context.
This 1,581-square-foot duplex, built in 1904, contains two apartments, each with two bedrooms, a formal dining room, a living room, and one full bathroom. The shared basement has laundry hookups for two machines. Both units have front entrances; the lower apartment has two front doors, and the upper apartment has a rear stairway rebuilt in 2016. A detached garage provides additional space. The exterior is clad in vinyl siding, and the roof was replaced in 2006.
Located at 723 Clough Avenue in Superior, Wisconsin, the property has a compact yard. The upper apartment is vacant, and the lower apartment is scheduled to be vacant on 11/1/26.
Located at 723 Clough Avenue in Superior, Wisconsin, the property has a compact yard. The upper apartment is vacant, and the lower apartment is scheduled to be vacant on 11/1/26.
Key Highlights
- Two apartments, each with 2 bedrooms, a formal dining room, living room, and full bathroom
- 1,581 square feet; built in 1904
- Detached garage and shared basement with hookups for 2 laundry machines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,177
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,540
$263.5K
Cap Rate 7%
$188,243
$188.2K
Cap Rate 9%
$146,411
$146.4K
Market Conditions
NOI Build-Up for 1,581 SF
Gross rent
$19.9K $12.60/SF
− Vacancy
−$1.1K −$0.69/SF
EGI
$18.8K $11.91/SF
− OpEx
−$5.6K −$3.57/SF
NOI
$13.2K $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%
$263,540
Cap Rate 7%
$188,243
Cap Rate 9%
$146,411
Alternative Uses
Best Use
Multifamily LT 5
$188.2K
$164.7K – $219.6K
NOI $13,177 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$165.7K
$145.0K – $193.3K
NOI $11,598 @ 7.0% cap · market cap 4.38%
Theoretical Best
Specialty Retail
$498.5K
$436.2K – $581.6K
NOI $34,893 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer matching two-bedroom layouts, shared basement access, and a detached garage.
Where is this duplex located?
The property is located at 723 Clough Avenue Superior, WI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms, a formal dining room, living room, and full bathroom; 1,581 square feet; built in 1904; Detached garage and shared basement with hookups for 2 laundry machines
