Triplex with Detached
For Sale
$257,000
126 W Columbia Street, Chippewa Falls, WI 54729
Residential Income, Chippewa Falls, WI
Property Size2,280 SF
Lot Size0.19 Acres
Price / SF$112.72
Days on Market530
Property Features for 126 W Columbia Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
Business/Commercial
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Basement, Bedroom 2, Bathroom 4, Laundry Room, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 6, Bedroom 3, Bedroom 4, Bedroom 5
Parking features
Driveway
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
2025
Tax Annual Amount
3002
Utilities
Heating system
Forced Air
Building Details
Year built
1900
Building materials
Block
Roof type
Shingle, Metal
Listing Agency:
Property Executives Realty
(715) 381-8297
Listed By:
Laine Anderson
(715) 377-6350
Added: Apr 24, 2025
Changed: Sep 24
Last Checked: Oct 5 at 7:06PM
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 residential income property includes a triplex and a detached duplex, with a fifth unit configured as a studio apartment with a bath. The back duplex is approximately 936 square feet, while the triplex is approximately 2,250 square feet; buyers should verify measurements. The property was built in 1900 on a 0.19-acre lot and includes driveway parking and yard space.
Both buildings use shared mechanical infrastructure, including forced-air heating and central air. They also share an electric box. Construction includes block, with metal and shingle roofing. Located in downtown Chippewa Falls, the property is within walking distance of shopping. Showings require 48 hours' notice.
Both buildings use shared mechanical infrastructure, including forced-air heating and central air. They also share an electric box. Construction includes block, with metal and shingle roofing. Located in downtown Chippewa Falls, the property is within walking distance of shopping. Showings require 48 hours' notice.
Key Highlights
- Triplex plus detached duplex with a fifth studio apartment and bath
- Back duplex is approximately 936 square feet
- Triplex is approximately 2,250 square feet; buyer to verify
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.
Property Analytics
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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
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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?
Triplex - Income-producing residential property with multiple units, on-site parking, yard space, and a location within walking distance of shopping.
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 $257,000.
What are key features of this property?
This property features: Triplex plus detached duplex with a fifth studio apartment and bath; Back duplex is approximately 936 square feet; Triplex is approximately 2,250 square feet; buyer to verify
