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Active
$300,000
/mo Edit
Multi-family:  Fourplex
5 br • 4 ba • Built 1895
4,314 sqft • 0.16 acres
Superior schools
MLS# 7094507
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    Property Description

    If you’re looking for a 4-plex, we have got you covered. This four-unit building features one spacious main floor unit, two second floor units, and a large third-floor one bedroom apartment. Three of the units are currently rented on a month-to-month basis, while the main-floor tenant has a lease in place through October 31, 2026. There is ample off-street parking which is hard to find in this part of town. There is a fire escape from the upper level and 3 units access the home from the front. The main-floor unit has its own private side entrance, as well as access from the rear of the home. It also includes its own in-unit washer and dryer. The shared basement is accessed from the back of the home and features a coin-operated washer and dryer for tenant use. Unit 2 has an amazing balcony—perfect for relaxing and enjoying the outdoors. The property also includes a spacious yard and sits on a desirable corner lot. While the main-floor unit is officially a one-bedroom, it includes a second room that could be used as a bedroom or office. Please note that access to this room is through the bathroom. All apartments pay their own water, garbage and recycling. Apartments 1 and 4 pay electric, per the lease. Because the property is located within the city, tenants have access to multiple internet service providers. Recent updates include: Updated flooring and bathtub in 3rd floor apartment (2026) New water heaters (2022), Boiler (2019), New gas lines (2020), Partial Roof (2011), Fire-rated boiler room (2009), Electrical service (2004), and approximately $30, 000 in roofing and siding improvements (2003). With the upcoming bridge closure expected to increase demand in the area, this property offers excellent investment potential.

    Listing

    Contingency: None
    Price per sq ft: $70
    City: Superior
    County: Douglas
    State: WI
    Property Style: Fourplex
    Zip Code: 54880

    Interior

    Living Area: 4,314 ft2
    Refrigerators: Three
    Basement Details:
    • Full
    • Other
    • Owner Access
    • Shared Access
    • Storage Space
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Garage Dimensions: 0
    Foundation Size: 1,710 ft2
    Foundation Dimensions: 30x57 irreg
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Hot Water
    • Radiant
    Parking Features:
    • Gravel
    • Other
    • Parking Lot
    Shared Amenities: Unspecified
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Exterior Material: Frame
    Roof Details: Asphalt

    Rooms

    Laundry:
    • Common Area
    • In Basement

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.16
    Geolocation: 46.719073, -92.099741
    Lot Dimensions: 100 x 70
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Tree Coverage - Medium

    Schools

    School District: 5663
    District Phone: 7153948710

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Electricity, Fuel, Water

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,077
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,077

    Income

    Annual Gross Income: $30,900
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: SW L&P

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results Duluth.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.