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1304 Hammond Ave - Lesage Building 2 Unit Apartment Building Offered at $650,000 at a 5% Cap Rate Superior, WI 54880
Executive Summary
Unlock the potential of this stately corner-lot property offering over 7,600 square feet of versatile space in a high-traffic location. With four heated, insulated attached garages and off-street parking behind them, this property is perfectly positioned for a wide range of uses. Whether you’re envisioning a charming bed & breakfast, a multi-unit conversion (3–4 plex), group home, or another investment venture, the possibilities here are truly endless. Inside the main level, you’ll find expansive rooms filled with character, including multiple huge rooms—providing a flexible layout ready to be adapted to your vision. The second level is an enormous 4-bedroom apartment, complete with a kitchen, dining room, laundry room, primary suite, a private rooftop deck, and a 3rd-floor massive recreation room. The full basement has office space, a utility room, and a large area for your imagination, adding even more functionality and potential for additional use or storage. A rare opportunity to own a high-visibility, high-potential property in one of the area’s most sought-after neighborhoods. Bring your ideas and make it your next successful investment
Property Facts
| Price | $650,000 | Lot Size | 0.28 AC |
| Price Per Unit | $325,000 | Building Size | 7,632 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| Cap Rate | 5% | No. Stories | 3 |
| No. Units | 2 | Year Built | 1930 |
| Property Type | Multifamily | Parking Ratio | 0.52/1,000 SF |
| Apartment Style | Single-Family Home | Opportunity Zone |
Yes
|
| Zoning | Mixed | ||
| Price | $650,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Lot Size | 0.28 AC |
| Building Size | 7,632 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 1930 |
| Parking Ratio | 0.52/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Mixed |
Amenities
Site Amenities
- Conference Rooms
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 2 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 05-805-03028-00 | Improvements Assessment | $369,000 |
| Land Assessment | $81,000 | Total Assessment | $450,000 |
Property Taxes
Parcel Number
05-805-03028-00
Land Assessment
$81,000
Improvements Assessment
$369,000
Total Assessment
$450,000
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1304 Hammond Ave - Lesage Building
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