Two-Unit Duplex with
New
For Sale
$235,000
915 Miles Street, Chippewa Falls, WI 54729
ResidentialIncome, Chippewa Falls, WI
Property Size2,186 SF
Price / SF$107.50
Days on Market3
Property Features for 915 Miles Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multifamily
Rooms
Basement
Parking features
Driveway
Patio and Porch features
Patio
Appliances
Dryer, ElectricWaterHeater, Oven, Range, Refrigerator, Washer
Elementary school district
Chippewa Falls Area Unified
Middle school district
Chippewa Falls Area Unified
High school district
Chippewa Falls Area Unified
Directions
Bridge Street to left or west on Willow Street to right on Coleman Street to left on Miles Street to house on left.
Standard status
Active
APN
22808-0633-60572503
Size
2,186 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3013
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Baseboard
Cooling system
Wall Unit(s)
Water source
Public
Amenities
garage
full basement
washer/dryer hook-ups
Building Details
Year built
1920
Number of units
2
Building materials
VinylSiding
Additional Structures
Gazebo
Listing Agency:
C21 Affiliated · Century 21 Real Estate
Listed By:
Andy Yakesh~ The Yakesh Team · License #76832-94
(715) 832-2222
Added: Sep 2
Last Checked: Sep 4 at 5:06AM
MLS# 1604787
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 2,186-square-foot duplex, constructed in 1920, contains two separately metered units. Each unit has washer and dryer hookups, while the property also includes a full basement and a large garage for storage and parking-related needs. The exterior is finished with vinyl siding, and heating is provided by baseboard and forced-air systems with wall-unit cooling.
The upper unit features an updated bathroom, and the home has newer windows. Public water and public sewer serve the property. Additional features include a driveway, patio, electric water heating, and kitchen appliances including an oven, range, refrigerator, washer, and dryer.
The upper unit features an updated bathroom, and the home has newer windows. Public water and public sewer serve the property. Additional features include a driveway, patio, electric water heating, and kitchen appliances including an oven, range, refrigerator, washer, and dryer.
Key Highlights
- 2,186‑square‑foot duplex with two separately metered units
- Large garage and full basement provide additional storage space
- Washer and dryer hookups are available in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,220
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$364,400
$364.4K
Cap Rate 7%
$260,286
$260.3K
Cap Rate 9%
$202,444
$202.4K
Market Conditions
NOI Build-Up for 2,186 SF
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.
Gross rent
$27.5K $12.60/SF
− Vacancy
−$1.5K −$0.69/SF
EGI
$26.0K $11.91/SF
− OpEx
−$7.8K −$3.57/SF
NOI
$18.2K $8.33/SF
Area
Chippewa County, WI
Vacancy
5.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$364,400
Cap Rate 7%
$260,286
Cap Rate 9%
$202,444
Alternative Uses
Best Use
Multifamily LT 5
$260.3K
$227.8K – $303.7K
NOI $18,220 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$235.0K
$205.6K – $274.1K
NOI $16,447 @ 7.0% cap · market cap 7.00%
Theoretical Best
Warehouse
$1.21M
$1.06M – $1.42M
NOI $84,952 @ 7.0% cap · market cap 36.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
261
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separately metered layout includes laundry hookups in both units.
Where is this duplex located?
The property is located at 915 Miles Street Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 2,186‑square‑foot duplex with two separately metered units; Large garage and full basement provide additional storage space; Washer and dryer hookups are available in both units
