Triplex with Detached
For Sale
$277,400
126 W Columbia Street, Chippewa Falls, WI 54729
Residential Income, Chippewa Falls, WI
Property Size2,280 SF
Lot Size0.19 Acres
Price / SF$121.67
Days on Market483
Property Features for 126 W Columbia Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Business/Commercial
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4, Basement, Bathroom 4, Bathroom 3
Parking features
Driveway
Exterior features
Vinyl
Subdivision
Allens Add
High school district
Fall Creek
Directions
Hwy 124 north on to Chippewa Falls, west onto River St., then north onto Island St. to east on W. Columbia St. Property is on the left.
Standard status
Active
APN
22808064260060605
Size
2,280 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2843
Utilities
Heating system
Forced Air
Building Details
Year built
1900
Building materials
Block
Roof type
Metal, Shingle
Listing Agency:
Property Executives Realty
(715) 381-8297
Listed By:
Laine Anderson
(715) 381-8297
Added: Apr 24, 2025
Changed: Aug 19
Last Checked: Aug 19 at 11:06PM
MLS# 6709169
Copyright © 2026 Northstar MLS. 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 property includes a tri-plex and a detached duplex, presented as a fully rented investment. The tri-plex has a shared furnace and central air unit, and both buildings share an electric box. A shared furnace and central air unit are also described for the tri-plex.
The detached duplex is approximately 936 SF, and the tri-plex is approximately 2,250 SF (buyer to verify). The overall lot size is 0.19 acres with driveway parking and yard space. The listing also notes walking distance to shopping.
Construction features include block construction and vinyl exterior, with metal and shingle roofing. Forced-air heating is indicated, and the property was built in 1900. Rooms listed include multiple bedrooms and bathrooms across the units, including a studio apartment noted as the 5th unit with a bath.
The detached duplex is approximately 936 SF, and the tri-plex is approximately 2,250 SF (buyer to verify). The overall lot size is 0.19 acres with driveway parking and yard space. The listing also notes walking distance to shopping.
Construction features include block construction and vinyl exterior, with metal and shingle roofing. Forced-air heating is indicated, and the property was built in 1900. Rooms listed include multiple bedrooms and bathrooms across the units, including a studio apartment noted as the 5th unit with a bath.
Key Highlights
- 0.19‑acre lot with driveway parking and yard space
- Tri‑plex is approximately 2,250 SF (buyer to verify)
- Detached duplex is approximately 936 SF
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
$19,004
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
6.85%
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%
$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
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
$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 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%
$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 6.85%
Second Best
Apartment 5plus
$245.1K
$214.4K – $285.9K
NOI $17,155 @ 7.0% cap · market cap 6.18%
Theoretical Best
Warehouse
$1.27M
$1.11M – $1.48M
NOI $88,605 @ 7.0% cap · market cap 31.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
747
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
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Frequently Asked Questions
What type of property is this?
Triplex - Fully rented tri-plex plus detached duplex with shared HVAC systems, driveway parking, and yard space in downtown Chippewa Falls.
Where is this triplex located?
The property is located at 126 W Columbia Street Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $277,400.
What are key features of this property?
This property features: 0.19‑acre lot with driveway parking and yard space; Tri‑plex is approximately 2,250 SF (buyer to verify); Detached duplex is approximately 936 SF
