Refurbished Duplex Income
16666-74 96th Avenue Chippewa Falls, WI 54729
16666-74 96th Avenue, Chippewa Falls, WI, 54729
$297,500
For Sale
Under Contract
$297,500
MULTI_FAMILY - Chippewa Falls, WI
Property Size3,244 SF
Price / SF$91.71
Days on Market75
Property Features for 16666-74 96th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Patio and Porch features
- Deck
- Appliances
- ElectricWaterHeater, Oven, Range, Refrigerator
- Standard status
- Active Under Contract
- APN
- 22908-2213-70368001
- Size
- 3,244 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lot 1 of Certified Survey map
- Tax Annual Amount
- 2035
Utilities
- Sewer type
- Septic Tank
- Heating system
- Baseboard
- Water source
- Well
Building Details
- Year built
- 1979
- Number of units
- 2
- Building materials
- VinylSiding
Listing Agency
RE/MAX Real Estate Group
(715) 835-6191
1808 Brackett Ave, Eau Claire, WI
Listed by
John Panzigrau · License #10243-94
(715) 559-8001
Added: May 5 Checked: Jul 18 at 1:06 am
MLS# 1600808
Listing URL
Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. 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 income duplex offers two rental units with a history of tenant turnover management. The owner reports that units have been refurbished when tenants move out, and current leases are transitioning from initial terms to month-to-month arrangements. The property also has roof shingle replacement in progress, with the owner waiting for a roofing contractor to complete the work.
Set up for quiet country living, the owner notes easy access to a nearby lake, a bike trail, and a golf course. The property is located in Chippewa Falls, WI, at 16666-74 96th Avenue.
For buyers seeking a manageable owner-operated rental, this property is structured around established tenancy and unit turn processes. The month-to-month status may offer flexibility for an operator, while the owner’s reported long-term occupancy history and planned roof work provide clear items for a buyer’s review. Prospective buyers should consider the pending roofing contractor schedule as part of their due diligence and planning.
Set up for quiet country living, the owner notes easy access to a nearby lake, a bike trail, and a golf course. The property is located in Chippewa Falls, WI, at 16666-74 96th Avenue.
For buyers seeking a manageable owner-operated rental, this property is structured around established tenancy and unit turn processes. The month-to-month status may offer flexibility for an operator, while the owner’s reported long-term occupancy history and planned roof work provide clear items for a buyer’s review. Prospective buyers should consider the pending roofing contractor schedule as part of their due diligence and planning.
Key Highlights
- Proven rental income history with no vacancy for 14 years.
- Desirable location with easy access to lake, bike trail, and golf course.
- Month‑to‑month tenants who prefer to stay.
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 | $40.9k | $12.60 |
| − Vacancy | −$2.2k | −$0.69 |
| EGI | $38.6k | $11.91 |
| − OpEx | −$11.6k | −$3.57 |
| NOI | $27.0k | $8.33 |
3,244 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$386.3K
$338.0K – $450.6K
NOI $27,038 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$348.7K
$305.1K – $406.8K
NOI $24,408 @ 7.0% cap · market cap 8.20%
Theoretical Best
Warehouse
$1.80M
$1.58M – $2.10M
NOI $126,067 @ 7.0% cap · market cap 42.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Income duplex with owner-refurbished units and tenants that prefer to stay, with roof shingle replacement pending.
Where is this duplex located?
The property is located at 16666-74 96th Avenue Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $297,500.
What are key features of this property?
This property features: Proven rental income history with no vacancy for 14 years.; Desirable location with easy access to lake, bike trail, and golf course.; Month‑to‑month tenants who prefer to stay.
