Two-Unit Duplex with Off-Street
For Sale
$209,000
1-2-270 W Elm St, Chippewa Falls, WI 54729
Two separate residences each offer two bedrooms, a full bath, laundry hookups, and a deck.
Property Size1,763 SF
Price / SF$118.55
Days on Market14
Property Features for 1-2-270 W Elm St
General Information
Standard status
Active
Size
1,763 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,201
Building Details
Buildings
1
Listing Agency:
CB Brenizer/Chippewa
Listed By:
Amber Linhart · License #68163-94
(715) 723-5521
Source:
Exprealty
Added: Oct 9
Changed: Oct 21
Last Checked: Oct 21 at 2:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CB Brenizer/Chippewa
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two units, one on the lower level and one above. Each residence has two bedrooms, one bathroom, laundry hookups, and a deck accessed from its doors. The lower unit has updated LVP flooring, and both units have newer furnaces and water heaters.
The property is on West Elm Street in Chippewa Falls, Wisconsin. Off-street parking serves the building, and the lot is described as small.
The property is on West Elm Street in Chippewa Falls, Wisconsin. Off-street parking serves the building, and the lot is described as small.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Laundry hookups and a deck for each unit
- Newer furnaces and water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,694
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,880
$293.9K
Cap Rate 7%
$209,914
$209.9K
Cap Rate 9%
$163,267
$163.3K
Market Conditions
NOI Build-Up for 1,763 SF
Gross rent
$22.2K $12.60/SF
− Vacancy
−$1.2K −$0.69/SF
EGI
$21.0K $11.91/SF
− OpEx
−$6.3K −$3.57/SF
NOI
$14.7K $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 Rate 5%
$293,880
Cap Rate 7%
$209,914
Cap Rate 9%
$163,267
Alternative Uses
Best Use
Multifamily LT 5
$209.9K
$183.7K – $244.9K
NOI $14,694 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$189.5K
$165.8K – $221.1K
NOI $13,265 @ 7.0% cap · market cap 6.35%
Theoretical Best
Warehouse
$978.8K
$856.4K – $1.14M
NOI $68,513 @ 7.0% cap · market cap 32.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
717
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
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each offer two bedrooms, a full bath, laundry hookups, and a deck.
Where is this duplex located?
The property is located at 1-2-270 W Elm St Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Laundry hookups and a deck for each unit; Newer furnaces and water heaters
