Multi-Unit Income Property with
126 W Columbia Street Chippewa Falls, WI 54729
126 W Columbia Street, Chippewa Falls, WI, 54729
$277,400
For Sale
$277,400
MULTI_FAMILY - Chippewa Falls, WI
Property Size2,280 SF
Lot Size0.19 Acres
Price / SF$121.67
Days on Market456
Property Features for 126 W Columbia Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 5, Bedroom 1, Basement, Bedroom 6, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 4, Bedroom 4
- Parking features
- Driveway
- Exterior features
- Vinyl
- Standard status
- Active
- APN
- 22808064260060605
- Size
- 2,280 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2843
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Building materials
- Block
- Roof type
- Shingle, Metal
Listing agency
Property Executives Realty
(715) 381-8297
Listed by
Laine Anderson
(715) 381-8297
Added: Apr 24, 2025 Updated: Jul 7 at 4:44PM Checked: Jul 23 at 4:06AM
MLS# 6709169
Copyright © 2026 Northstar MLS. 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 for-sale multi-unit property includes a tri-plex and a detached duplex on the same site. The tri-plex is fully rented and includes shared furnace and central air servicing the units. There is also a detached duplex with a back duplex area of approximately 936 square feet (buyer to verify). The two buildings share an electric box, and the tri-plex has shared furnace and central air as well. The property configuration includes a total of five units, with the fifth unit described as a studio apartment with a bath. There is on-site parking and yard space for tenant and resident use.
The buildings are located in downtown Chippewa Falls, within walking distance to shopping. Parking is available on-site, and the outdoor space provides an additional practical benefit for day-to-day living.
For investors or owner-occupants seeking a compact, multi-structure residential income setup, this offering combines a tri-plex and a detached duplex with shared utilities already described in the remarks. The fact that the units are currently rented may appeal to buyers looking for an income-oriented structure, while shared furnace/central air arrangements should be considered when evaluating maintenance and operating plans. A 48-hour notice is required to schedule showings, and the tri-plex square footage is listed as approximately 2,250 square feet with the buyer instructed to verify.
The buildings are located in downtown Chippewa Falls, within walking distance to shopping. Parking is available on-site, and the outdoor space provides an additional practical benefit for day-to-day living.
For investors or owner-occupants seeking a compact, multi-structure residential income setup, this offering combines a tri-plex and a detached duplex with shared utilities already described in the remarks. The fact that the units are currently rented may appeal to buyers looking for an income-oriented structure, while shared furnace/central air arrangements should be considered when evaluating maintenance and operating plans. A 48-hour notice is required to schedule showings, and the tri-plex square footage is listed as approximately 2,250 square feet with the buyer instructed to verify.
Key Highlights
- Investment property in downtown Chippewa Falls with a fully rented tri‑plex plus a detached duplex
- Back duplex is approximately 936 SF; tri‑plex is approximately 2,250 SF (buyer to verify)
- Shared heating and cooling: tri‑plex shares a furnace and central air unit; both buildings share an electric box
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.7k | $12.60 |
| − Vacancy | −$1.6k | −$0.69 |
| EGI | $27.1k | $11.91 |
| − OpEx | −$8.1k | −$3.57 |
| NOI | $19.0k | $8.33 |
2,280 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$271.5K
$237.6K – $316.7K
NOI $19,004 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$245.1K
$214.4K – $285.9K
NOI $17,155 @ 7.0% cap · market cap 6.18%
Theoretical Best
Warehouse
$1.27M
$1.11M – $1.48M
NOI $88,605 @ 7.0% cap · market cap 31.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Tri-plex plus detached duplex offers multiple income units with on-site parking and shared HVAC systems.
Where is this triplex located?
The property is located at 126 W Columbia Street Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $277,400.
What are key features of this property?
This property features: Investment property in downtown Chippewa Falls with a fully rented tri‑plex plus a detached duplex; Back duplex is approximately 936 SF; tri‑plex is approximately 2,250 SF (buyer to verify); Shared heating and cooling: tri‑plex shares a furnace and central air unit; both buildings share an electric box
