Well-Maintained Duplex
For Sale
$199,900
326 W Spring Street, Chippewa Falls, WI 54729
MULTI_FAMILY - Chippewa Falls, WI
Property Size1,824 SF
Lot Size0.09 Acres
Price / SF$109.59
Days on Market508
Property Features for 326 W Spring Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Duplex
Parking features
Driveway
Patio and Porch features
Porch
Appliances
ElectricWaterHeater, Oven, Range, Refrigerator
Elementary school district
Chippewa Falls Area Unified
Middle school district
Chippewa Falls Area Unified
High school district
Chippewa Falls Area Unified
Directions
Bridge St. to left on Spring St.
Standard status
Active
APN
22808064360011804
Size
1,824 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
ORIGINAL PLAT LOT 4 THE SE 1/2 BLK 18
Tax Annual Amount
1637
Legal Description
ORIGINAL PLAT LOT 4 THE SE 1/2 BLK 18
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1900
Number of units
2
Building materials
WoodSiding
Additional Structures
Shed(s)
Listing Agency:
Donnellan Real Estate
(715) 836-8080
Listed By:
Adrian Ong · License #97075-94
(715) 600-4604
Added: Mar 16, 2025
Changed: Jul 18
Last Checked: Aug 5 at 12:06PM
MLS# 1589562
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 well-maintained duplex offers two residential units, each supported by month-to-month tenancy. The property includes a bonus storage shed with each unit, providing practical off-unit storage for residents.
The duplex is located on W Spring Street in Chippewa Falls, within walking distance of downtown amenities.
With a total size of 1,824 square feet, the property is suited to buyers seeking either a long-term rental or an owner-occupied setup while collecting rental income.
The duplex is located on W Spring Street in Chippewa Falls, within walking distance of downtown amenities.
With a total size of 1,824 square feet, the property is suited to buyers seeking either a long-term rental or an owner-occupied setup while collecting rental income.
Key Highlights
- Well‑maintained duplex ideal for investment or owner‑occupancy.
- Located in the heart of Chippewa Falls, walking distance to downtown shops, restaurants, and entertainment.
- Long‑term, reliable tenants on month‑to‑month leases.
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 | $23.0k | $12.60 |
| − Vacancy | −$1.3k | −$0.69 |
| EGI | $21.7k | $11.91 |
| − OpEx | −$6.5k | −$3.57 |
| NOI | $15.2k | $8.33 |
1,824 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$217.2K
$190.0K – $253.4K
NOI $15,203 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$196.1K
$171.6K – $228.7K
NOI $13,724 @ 7.0% cap · market cap 6.87%
Theoretical Best
Warehouse
$1.01M
$886.1K – $1.18M
NOI $70,884 @ 7.0% cap · market cap 35.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Explore this area
Business Placement
Demographics for 54729, WI
33,980
Population
15,386
Households
2.2
Avg Household Size
42
Median Age
30%
College-Educated
95%
High-School Grad
165.0 sq mi
ZIP Area
206
Density / Sq Mi
$76,603
Median Household Income
$44,792
Median Earnings
$1,022
Median Rent
$263,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A well-maintained duplex in Chippewa Falls with month-to-month tenants and bonus storage sheds for each unit.
Where is this duplex located?
The property is located at 326 W Spring Street Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Well‑maintained duplex ideal for investment or owner‑occupancy.; Located in the heart of Chippewa Falls, walking distance to downtown shops, restaurants, and entertainment.; Long‑term, reliable tenants on month‑to‑month leases.
