3713 E 3rd St · Superior, WI 54880

$195,000

4 bd · 1.0 ba · 1,554 sqft · Other · 9 Days on market

Built 1915 6,534 sqft lot

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +20.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• 1% rule +4.9/10.0
• Livability +4.3/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * Seller says bring an offer * * . Charming 3/4 Bedroom Home in Superior?s Desirable East End ? Only $195,000.00! Welcome home to 3713 E 3rd St ? a classic 1915 traditional single-family home offering 1,554 sq ft of living space, flexible 3 or 4 bedrooms, and 1 full bathroom. This affordable gem is perfect for anyone seeking solid value and timeless character in the heart of Superior, Wisconsin. Inside, you?ll find beautiful hardwood floors, rich natural woodwork, and an inviting eat-in kitchen featuring a center island ? ideal for casual meals and entertaining. The convenient main floor includes a spacious living room, dining room, quaint main floor room that works beautifully as a bedroom, den or office, laundry room, and full bath with separate tub and shower. Upstairs are three additional bedrooms with ample closet space. The home boasts energy-efficient windows, forced-air natural gas heat, city water and sewer, and a partial concrete basement with newer 2015 crawl space foundation. Outside, enjoy a generous 0.15-acre lot with a gravel driveway offering off-street parking, RV/boat space, and a detached 2-car garage. The low-maintenance vinyl-sided exterior is ready for your personal touches. Prime East End Location with Incredible Lake Superior Amenities Located in a quiet East End neighborhood, this home puts you minutes from everything Superior and the Twin Ports have to offer: Lake Superior lifestyle ? beaches, boating, fishing, and stunning sunsets at Wisconsin Point (one of the world?s largest freshwater sandbars) and nearby parks. Outdoor recreation ? hiking, biking, and trails at Pattison State Park (home to Wisconsin?s tallest waterfall), the Osaugie Trail, and the expansive Superior Municipal Forest. Convenience & culture ? short distance to downtown Superior shops and restaurants, the University of Wisconsin-Superior, Fairlawn Mansion, and vibrant Duluth, MN for dining, shopping, arts, museums, and major employers. Everyday living ? excellent Superior School District, grocery stores, and easy highway access. Priced at $195,000.00, this well-built classic offers incredible value and endless potential. Don?t miss your chance to own a piece of Superior history!Schedule your showing today

Key facts

• 6,534 sq ft lot
• 2 garage spots
• Built 1915

Property features AI

Exterior

• Parking: Detached 2-car garage; Off-street and on-street parking; Gravel driveway; RV access/parking
• Utilities: Public water; Public sewer
• Home design: Single-family detached residence; Single-story
• Construction: Asphalt shingle roof
• Exterior features: Level lot; Private maintained road frontage (city street); Therapeutic whirlpool

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator
• Bedrooms: Master on main level
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Ceiling fans; Eat-in kitchen; Kitchen island; Natural woodwork; Master bedroom on main level; ENERGY STAR qualified windows; Wood window frames
• Laundry & utility: Washer and dryer included; Washer hookup on main level; Unfinished partial basement with crawl space

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath other listed at $195k.

Deal economics

• At list price, monthly cash flow is $254 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $193k (1.1% below list).
• Recommended offer: $193k (1.1% below list) — sets the bar for 1% rule.
• Cap rate 7.9% vs local median 4.6% in Superior — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 86/100 on livability (#21 in WI, #337 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools C-.
• Superior School District (suburban): math 23% / reading 34% proficiency, ranked #290 of 342 in WI (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+2.8%/yr); 168 active listings in the ZIP; 110 units permitted in Douglas County in 2024 (0 in 5+ unit buildings).
• This rent runs 34% of the median local income ($68k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Douglas County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $120k; list at $195k implies a 62% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $192,937 (1.1% below list)

Questions for the listing agent

1. Built in 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.99% ✗
• Cap rate: 7.85%
• Cash-on-cash: 5.58%
• DSCR: 1.25
• GRM: 8.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.76% rent growth · sell at horizon

5-year hold

• IRR: -7.9%
• Equity multiple: 0.71×
• Total profit: $-15,922
• Equity at exit: $29,075

10-year hold

• IRR: 1.3%
• Equity multiple: 1.09×
• Total profit: $4,972
• Equity at exit: $16,860

Cash invested: $54,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Wisconsin: 73 Landlord-Friendly · R+2
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; Madison / Milwaukee have some local enforcement.

Methodology + full state rankings →

ZIP-level market 54880

• Rents YoY: 2.8%
• Active inventory: 168
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,929 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$167 /mo · $2,000/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $254

Break-even live

Break-even rent $1,608

Max offer price $195,000

Occupancy floor 82%

Sensitivity live

Price	-10% $364	-5% $309	+0% $254	+5% $199	+10% $143
Rent	-10% $101	-5% $178	+0% $254	+5% $330	+10% $406
Rate	-1.0pp $352	-0.5pp $303	base $254	+0.5pp $203	+1.0pp $152

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-18
   price $189,999 2316-char remark

   Show marketing remark (2250 chars)

   * * Seller says bring an offer * * . Charming 3/4 Bedroom Home in Superior?s Desirable East End ? Only $195,000.00! Welcome home to 3713 E 3rd St ? a classic 1915 traditional single-family home offering 1,554 sq ft of living space, flexible 3 or 4 bedrooms, and 1 full bathroom. This affordable gem is perfect for anyone seeking solid value and timeless character in the heart of Superior, Wisconsin. Inside, you?ll find beautiful hardwood floors, rich natural woodwork, and an inviting eat-in kitchen featuring a center island ? ideal for casual meals and entertaining. The convenient main floor includes a spacious living room, dining room, quaint main floor room that works beautifully as a bedroom, den or office, laundry room, and full bath with separate tub and shower. Upstairs are three additional bedrooms with ample closet space. The home boasts energy-efficient windows, forced-air natural gas heat, city water and sewer, and a partial concrete basement with newer 2015 crawl space foundation. Outside, enjoy a generous 0.15-acre lot with a gravel driveway offering off-street parking, RV/boat space, and a detached 2-car garage. The low-maintenance vinyl-sided exterior is ready for your personal touches. Prime East End Location with Incredible Lake Superior Amenities Located in a quiet East End neighborhood, this home puts you minutes from everything Superior and the Twin Ports have to offer: Lake Superior lifestyle ? beaches, boating, fishing, and stunning sunsets at Wisconsin Point (one of the world?s largest freshwater sandbars) and nearby parks. Outdoor recreation ? hiking, biking, and trails at Pattison State Park (home to Wisconsin?s tallest waterfall), the Osaugie Trail, and the expansive Superior Municipal Forest. Convenience & culture ? short distance to downtown Superior shops and restaurants, the University of Wisconsin-Superior, Fairlawn Mansion, and vibrant Duluth, MN for dining, shopping, arts, museums, and major employers. Everyday living ? excellent Superior School District, grocery stores, and easy highway access. Priced at $195,000.00, this well-built classic offers incredible value and endless potential. Don?t miss your chance to own a piece of Superior history!Schedule your showing today

2. 2026-05-18
   price $189,999 2316-char remark

   Show marketing remark (2250 chars)

   * * Seller says bring an offer * * . Charming 3/4 Bedroom Home in Superior?s Desirable East End ? Only $195,000.00! Welcome home to 3713 E 3rd St ? a classic 1915 traditional single-family home offering 1,554 sq ft of living space, flexible 3 or 4 bedrooms, and 1 full bathroom. This affordable gem is perfect for anyone seeking solid value and timeless character in the heart of Superior, Wisconsin. Inside, you?ll find beautiful hardwood floors, rich natural woodwork, and an inviting eat-in kitchen featuring a center island ? ideal for casual meals and entertaining. The convenient main floor includes a spacious living room, dining room, quaint main floor room that works beautifully as a bedroom, den or office, laundry room, and full bath with separate tub and shower. Upstairs are three additional bedrooms with ample closet space. The home boasts energy-efficient windows, forced-air natural gas heat, city water and sewer, and a partial concrete basement with newer 2015 crawl space foundation. Outside, enjoy a generous 0.15-acre lot with a gravel driveway offering off-street parking, RV/boat space, and a detached 2-car garage. The low-maintenance vinyl-sided exterior is ready for your personal touches. Prime East End Location with Incredible Lake Superior Amenities Located in a quiet East End neighborhood, this home puts you minutes from everything Superior and the Twin Ports have to offer: Lake Superior lifestyle ? beaches, boating, fishing, and stunning sunsets at Wisconsin Point (one of the world?s largest freshwater sandbars) and nearby parks. Outdoor recreation ? hiking, biking, and trails at Pattison State Park (home to Wisconsin?s tallest waterfall), the Osaugie Trail, and the expansive Superior Municipal Forest. Convenience & culture ? short distance to downtown Superior shops and restaurants, the University of Wisconsin-Superior, Fairlawn Mansion, and vibrant Duluth, MN for dining, shopping, arts, museums, and major employers. Everyday living ? excellent Superior School District, grocery stores, and easy highway access. Priced at $195,000.00, this well-built classic offers incredible value and endless potential. Don?t miss your chance to own a piece of Superior history!Schedule your showing today

3. 2026-05-14
   listed $200,000 Active 2316-char remark

   Show marketing remark (2250 chars)

   * * Seller says bring an offer * * . Charming 3/4 Bedroom Home in Superior?s Desirable East End ? Only $195,000.00! Welcome home to 3713 E 3rd St ? a classic 1915 traditional single-family home offering 1,554 sq ft of living space, flexible 3 or 4 bedrooms, and 1 full bathroom. This affordable gem is perfect for anyone seeking solid value and timeless character in the heart of Superior, Wisconsin. Inside, you?ll find beautiful hardwood floors, rich natural woodwork, and an inviting eat-in kitchen featuring a center island ? ideal for casual meals and entertaining. The convenient main floor includes a spacious living room, dining room, quaint main floor room that works beautifully as a bedroom, den or office, laundry room, and full bath with separate tub and shower. Upstairs are three additional bedrooms with ample closet space. The home boasts energy-efficient windows, forced-air natural gas heat, city water and sewer, and a partial concrete basement with newer 2015 crawl space foundation. Outside, enjoy a generous 0.15-acre lot with a gravel driveway offering off-street parking, RV/boat space, and a detached 2-car garage. The low-maintenance vinyl-sided exterior is ready for your personal touches. Prime East End Location with Incredible Lake Superior Amenities Located in a quiet East End neighborhood, this home puts you minutes from everything Superior and the Twin Ports have to offer: Lake Superior lifestyle ? beaches, boating, fishing, and stunning sunsets at Wisconsin Point (one of the world?s largest freshwater sandbars) and nearby parks. Outdoor recreation ? hiking, biking, and trails at Pattison State Park (home to Wisconsin?s tallest waterfall), the Osaugie Trail, and the expansive Superior Municipal Forest. Convenience & culture ? short distance to downtown Superior shops and restaurants, the University of Wisconsin-Superior, Fairlawn Mansion, and vibrant Duluth, MN for dining, shopping, arts, museums, and major employers. Everyday living ? excellent Superior School District, grocery stores, and easy highway access. Priced at $195,000.00, this well-built classic offers incredible value and endless potential. Don?t miss your chance to own a piece of Superior history!Schedule your showing today

4. 2026-05-14
   listed $200,000 Active 2316-char remark

   Show marketing remark (2250 chars)

   * * Seller says bring an offer * * . Charming 3/4 Bedroom Home in Superior?s Desirable East End ? Only $195,000.00! Welcome home to 3713 E 3rd St ? a classic 1915 traditional single-family home offering 1,554 sq ft of living space, flexible 3 or 4 bedrooms, and 1 full bathroom. This affordable gem is perfect for anyone seeking solid value and timeless character in the heart of Superior, Wisconsin. Inside, you?ll find beautiful hardwood floors, rich natural woodwork, and an inviting eat-in kitchen featuring a center island ? ideal for casual meals and entertaining. The convenient main floor includes a spacious living room, dining room, quaint main floor room that works beautifully as a bedroom, den or office, laundry room, and full bath with separate tub and shower. Upstairs are three additional bedrooms with ample closet space. The home boasts energy-efficient windows, forced-air natural gas heat, city water and sewer, and a partial concrete basement with newer 2015 crawl space foundation. Outside, enjoy a generous 0.15-acre lot with a gravel driveway offering off-street parking, RV/boat space, and a detached 2-car garage. The low-maintenance vinyl-sided exterior is ready for your personal touches. Prime East End Location with Incredible Lake Superior Amenities Located in a quiet East End neighborhood, this home puts you minutes from everything Superior and the Twin Ports have to offer: Lake Superior lifestyle ? beaches, boating, fishing, and stunning sunsets at Wisconsin Point (one of the world?s largest freshwater sandbars) and nearby parks. Outdoor recreation ? hiking, biking, and trails at Pattison State Park (home to Wisconsin?s tallest waterfall), the Osaugie Trail, and the expansive Superior Municipal Forest. Convenience & culture ? short distance to downtown Superior shops and restaurants, the University of Wisconsin-Superior, Fairlawn Mansion, and vibrant Duluth, MN for dining, shopping, arts, museums, and major employers. Everyday living ? excellent Superior School District, grocery stores, and easy highway access. Priced at $195,000.00, this well-built classic offers incredible value and endless potential. Don?t miss your chance to own a piece of Superior history!Schedule your showing today

5. 2023-06-30
   soldstatus $120,000
6. 2004-06-18
   soldstatus $69,000
7. 2004-05-06
   soldstatus $56,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast WI · Partial reset (capped growth)

• Current annual tax: $2,000 · $167/mo
• Projected year-2 tax: $2,804 · $234/mo
• Expected delta: +$804/yr (+$67/mo · 40.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥92°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,152
• − Mortgage interest: −$10,923
• − Property taxes: −$2,000
• − Insurance: −$975
• − Repairs & maintenance: −$1,852
• − Management: −$1,852
• − Depreciation: −$5,673
• Taxable loss: −$122
• Est. tax savings @ 24.0%: +$29
• After-tax cash flow: $3,074/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Superior School District
• NCES district ID: 5514670
• Math proficiency: 23% ▼ -12.00%
• Reading proficiency: 34% ▼ -4.00%
• Median HH income: $43,659
• Composite: 24.31/100
• National rank: #7711
• State rank: #290 of 342 in WI

Livability — Superior

• Score: 86/100
• State rank: #21
• US rank: #337

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime C+ Employment C Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Superior, WI
• County: Douglas County · 30,312 people
• City population: 30,312
• Metro: Duluth, MN-WI
• Population (ZIP): 30,312
• Household income: $68,275
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1018.0

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 42,505 people
• By 2030: 41,269 · -2.9%
• By 2040: 37,829 · -11.0%
• By 2050: 34,043 · -19.9%
• By 2075: 25,892 · -39.1%
• By 2100: 19,487 · -54.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Hispanic / Latino 2% Black 1% Asian 1% Native American 1%
• Common ancestry: Portuguese 10% Romanian 9% Lithuanian 4%
• Foreign-born: 2% · China, Vietnam
• Languages at home: 97% English-only · Spanish 1%

Political lean MEDSL · Douglas

• 2024 margin: Lean D (+5.3) · D 52.0% · R 46.6% · Other 1.4%
• 2008→2024 swing: -27.9pp toward R · 2008: 33.2pp · 2024: 5.3pp
• All cycles: 2024: D+5.3 2020: D+9.3 2016: D+7.6 2012: D+31.3 2008: D+33.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -167.80%
• Current HPI: 226.557
• Rent YoY: ▲ 2.76%
• Metro: Duluth, MN-WI
• State GDP YoY: ▲ 2.10%
• F500 in state: 20

Industry mix (Fortune 500 HQ in WI)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$23B
▸Industrial Technology	2	$36B
▸Insurance	1	$36B
▸Professional Services	1	$19B
▸Utilities	1	$9B
▸Consumer Goods	1	$3B

Price history

+248.2% since first listed

11 events — show timeline

• 2026-05-23 Pending — LSAR
• 2026-05-23 Pending — SAAR
• 2026-05-23 Price Changed $195,000 SAAR
• 2026-05-23 Price Changed $195,000 LSAR
• 2026-05-18 Price Changed $189,999 SAAR
• 2026-05-18 Price Changed $189,999 LSAR
• 2026-05-14 Listed $200,000 SAAR
• 2026-05-14 Listed $200,000 LSAR
• 2023-06-30 Sold (Public Records) $120,000 Public Records
• 2004-06-18 Sold (Public Records) $69,000 Public Records
• 2004-05-06 Sold (Public Records) $56,000 Public Records

Property tax history

+1.8%/yr

Latest (2025): $2,000 · +2.2% YoY. Source: county tax records.