Duplex on
For Sale
$230,000
7293 S Kip Rd, South Range, WI 54874
MULTI-FAMILY, South Range, WI
Property Size1,600 SF
Lot Size38.03 Acres
Price / SF$143.75
Days on Market8
Property Features for 7293 S Kip Rd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 3, Basement, Bedroom 1
Basement
Block
Elementary school district
Superior (WI) #5663
Middle school district
Superior (WI) #5663
High school district
Superior (WI) #5663
Directions
South on Tower Ave, out of town. East on E Cty Rd C, turns into Cty Rd A. East on E Cty Rd B, south on B. Right on Kip Rd. First fire number on the right.
Subdivision
LSAR
Standard status
Active
APN
OA-022-00019-00
Size
1,600 SF
Lot size
38.03 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2768
Utilities
Heating system
Electric (Heating), Baseboard
Water source
Private
Building Details
Year built
1990
Number of units
2
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 829-2900
Listed By:
Danika Mclaughlin
(218) 428-5984
Added: Sep 28
Last Checked: Oct 5 at 9:06PM
MLS# 6128188
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.
This 1,600-square-foot duplex, built in 1990, contains two units: one with one bedroom and one bathroom, and another with three bedrooms and one bathroom. The one-bedroom unit has been recently renovated. The other unit includes a full unfinished basement. Electric baseboard heat serves the property, and the water source is private.
The duplex sits on 38.03 acres in South Range, Wisconsin.
The duplex sits on 38.03 acres in South Range, Wisconsin.
Key Highlights
- 38.03‑acre property in South Range, Wisconsin
- 1,600‑square‑foot duplex built in 1990
- Two units: one with 1 bedroom and 1 bathroom; the other with 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,336
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,720
$266.7K
Cap Rate 7%
$190,514
$190.5K
Cap Rate 9%
$148,178
$148.2K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$20.2K $12.60/SF
− Vacancy
−$1.1K −$0.69/SF
EGI
$19.1K $11.91/SF
− OpEx
−$5.7K −$3.57/SF
NOI
$13.3K $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%
$266,720
Cap Rate 7%
$190,514
Cap Rate 9%
$148,178
Alternative Uses
Best Use
Multifamily LT 5
$190.5K
$166.7K – $222.3K
NOI $13,336 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$167.7K
$146.7K – $195.6K
NOI $11,737 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$504.5K
$441.4K – $588.6K
NOI $35,313 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 54874, WI
3,568
Population
1,660
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
96%
High-School Grad
144.7 sq mi
ZIP Area
25
Density / Sq Mi
$83,350
Median Household Income
$45,431
Median Earnings
$966
Median Rent
$206,500
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate one- and three-bedroom units provide distinct residential layouts.
Where is this duplex located?
The property is located at 7293 S Kip Rd South Range, WI.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 38.03‑acre property in South Range, Wisconsin; 1,600‑square‑foot duplex built in 1990; Two units: one with 1 bedroom and 1 bathroom; the other with 3 bedrooms and 1 bathroom
