Two-Unit Duplex with
New
For Sale
$199,000
107 S Grove Street 1 & 2, Chippewa Falls, WI 54729
Two-story residential property with a vacant main-floor residence and an occupied upper unit under a month-to-month tenancy.
Property Size1,825 SF
Price / SF$109.04
Days on Market6
Property Features for 107 S Grove Street 1 & 2
General Information
Standard status
Active
Size
1,825 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1875
Listing Agency:
Woods & Water Realty Inc/Regional Office
Listed By:
Kara Watts · License #81372-94
(847) 274-1497
Source:
Danrealtygroup
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 13 at 3:30PM
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 Woods & Water Realty Inc/Regional Office
Investment Insights
Based on property information with market context.
This two-unit residential property includes a main-floor residence with hardwood flooring, an eat-in kitchen, three bedrooms, washer and dryer hookups, and an enclosed front porch. The main-floor unit is vacant, while the upper unit is occupied by a month-to-month tenant who would like to remain.
Property improvements include a metal roof installed in 2015, windows and vinyl siding added in 2002, new bathroom flooring, fresh interior paint, and a furnace replaced in 2020. Built in 1875, the duplex contains 1,825 square feet and offers separate residences within one building.
Property improvements include a metal roof installed in 2015, windows and vinyl siding added in 2002, new bathroom flooring, fresh interior paint, and a furnace replaced in 2020. Built in 1875, the duplex contains 1,825 square feet and offers separate residences within one building.
Key Highlights
- 1,825‑square‑foot duplex with two residential units
- Main‑floor unit is vacant and includes three bedrooms
- Upper‑floor tenant is month‑to‑month and would like to stay
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
$15,211
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
7.64%
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%
$304,220
$304.2K
Cap Rate 7%
$217,300
$217.3K
Cap Rate 9%
$169,011
$169.0K
Market Conditions
NOI Build-Up for 1,825 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
$23.0K $12.60/SF
− Vacancy
−$1.3K −$0.69/SF
EGI
$21.7K $11.91/SF
− OpEx
−$6.5K −$3.57/SF
NOI
$15.2K $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%
$304,220
Cap Rate 7%
$217,300
Cap Rate 9%
$169,011
Alternative Uses
Best Use
Multifamily LT 5
$217.3K
$190.1K – $253.5K
NOI $15,211 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$196.2K
$171.6K – $228.9K
NOI $13,731 @ 7.0% cap · market cap 6.90%
Theoretical Best
Warehouse
$1.01M
$886.5K – $1.18M
NOI $70,923 @ 7.0% cap · market cap 35.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
502
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story residential property with a vacant main-floor residence and an occupied upper unit under a month-to-month tenancy.
Where is this duplex located?
The property is located at 107 S Grove Street 1 & 2 Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,825‑square‑foot duplex with two residential units; Main‑floor unit is vacant and includes three bedrooms; Upper‑floor tenant is month‑to‑month and would like to stay
