Updated Two-Unit
For Sale
$229,900
126 W Cedar Street 1-2, Chippewa Falls, WI 54729
Lower-level porch, off-street parking, and a two-car garage complement the two-unit residential layout.
Property Size1,824 SF
Price / SF$126.04
Days on Market67
Property Features for 126 W Cedar Street 1-2
General Information
Standard status
Active
Size
1,824 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Amenities
porch
Building Details
Year Built
1887
Buildings
1
Listing Agency:
CB Brenizer/Chippewa
Listed By:
Amber Linhart · License #68163-94
(715) 723-5521
Source:
Homcentric
Added: Jul 31
Changed: Oct 3
Last Checked: Oct 4 at 3:27PM
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
Investment Insights
Based on property information with market context.
This 1,824-square-foot duplex, built in 1887, contains a three-bedroom lower residence and a one-bedroom upper residence. Interior updates include fresh paint in both units and new flooring across most of the property. The lower unit also includes a spacious porch, while the site provides off-street parking and a two-car garage.
Located at 126 W Cedar Street in Chippewa Falls, Wisconsin, the property offers two distinct residential layouts within one building. The combination of updated interiors, outdoor space, dedicated parking, and garage capacity supports continued use as a two-unit residential property.
Located at 126 W Cedar Street in Chippewa Falls, Wisconsin, the property offers two distinct residential layouts within one building. The combination of updated interiors, outdoor space, dedicated parking, and garage capacity supports continued use as a two-unit residential property.
Key Highlights
- Two‑unit duplex with 3‑bedroom lower unit and 1‑bedroom upper unit
- 1,824 SF building constructed in 1887
- Fresh paint in both units and new flooring across most of the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,203
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,060
$304.1K
Cap Rate 7%
$217,186
$217.2K
Cap Rate 9%
$168,922
$168.9K
Market Conditions
NOI Build-Up for 1,824 SF
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 Rate 5%
$304,060
Cap Rate 7%
$217,186
Cap Rate 9%
$168,922
Alternative Uses
Best Use
Multifamily LT 5
$217.2K
$190.0K – $253.4K
NOI $15,203 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$196.1K
$171.6K – $228.7K
NOI $13,724 @ 7.0% cap · market cap 5.97%
Theoretical Best
Warehouse
$1.01M
$886.1K – $1.18M
NOI $70,884 @ 7.0% cap · market cap 30.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
712
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Lower-level porch, off-street parking, and a two-car garage complement the two-unit residential layout.
Where is this duplex located?
The property is located at 126 W Cedar Street 1-2 Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom lower unit and 1‑bedroom upper unit; 1,824 SF building constructed in 1887; Fresh paint in both units and new flooring across most of the property
