Five-Unit Multifamily
For Sale
$257,000
126 W Columbia St, Chippewa Falls, WI 54729
Fully rented multifamily asset with a triplex, detached duplex, on-site parking, and shared HVAC systems.
Property Size2,280 SF
Price / SF$112.72
Days on Market86
Property Features for 126 W Columbia St
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
5
Amenities
on-site parking
yard
Building Details
Year Built
1900
Buildings
2
Listing Agency:
Property Executives Realty
Listed By:
Laine Anderson
(715) 377-6350
Source:
Vibemn
Added: Jul 21
Changed: Sep 18
Last Checked: Oct 7 at 3:16PM
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 Property Executives Realty
Investment Insights
Based on property information with market context.
This multifamily property includes two residential buildings: a triplex and a detached duplex, creating a five-unit configuration. The fifth unit is identified as a studio apartment with a bathroom. The property is fully rented and includes on-site parking along with yard space.
The buildings are located in downtown Chippewa Falls within walking distance of shopping. A shared furnace and central air unit serve the property, and both structures share an electric box. Showings require 48 hours’ notice.
The buildings are located in downtown Chippewa Falls within walking distance of shopping. A shared furnace and central air unit serve the property, and both structures share an electric box. Showings require 48 hours’ notice.
Key Highlights
- Five‑unit configuration with a triplex and detached duplex
- Fully rented residential property
- Fifth unit is a studio apartment with a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,004
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,080
$380.1K
Cap Rate 7%
$271,486
$271.5K
Cap Rate 9%
$211,156
$211.2K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$28.7K $12.60/SF
− Vacancy
−$1.6K −$0.69/SF
EGI
$27.1K $11.91/SF
− OpEx
−$8.1K −$3.57/SF
NOI
$19.0K $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%
$380,080
Cap Rate 7%
$271,486
Cap Rate 9%
$211,156
Alternative Uses
Best Use
Multifamily LT 5
$271.5K
$237.6K – $316.7K
NOI $19,004 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$245.1K
$214.4K – $285.9K
NOI $17,155 @ 7.0% cap · market cap 6.68%
Theoretical Best
Warehouse
$1.27M
$1.11M – $1.48M
NOI $88,605 @ 7.0% cap · market cap 34.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3
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?
Multifamily property - Fully rented multifamily asset with a triplex, detached duplex, on-site parking, and shared HVAC systems.
Where is this multifamily property located?
The property is located at 126 W Columbia St Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $257,000.
What are key features of this property?
This property features: Five‑unit configuration with a triplex and detached duplex; Fully rented residential property; Fifth unit is a studio apartment with a bathroom
