Fully Rented Triplex
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 Market496
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 2, Bathroom 3, Bathroom 1, Bedroom 4, Basement, Bedroom 6, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 1
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
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) 381-8297
Added: Apr 24, 2025
Changed: Aug 26
Last Checked: Sep 1 at 6:06PM
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 separate duplex on a 0.19-acre lot. The buildings include vinyl exterior siding, block construction, metal and shingle roofing, forced-air heat, and shared central air. A studio apartment with a bathroom is also identified within the property configuration. The property was built in 1900 and includes driveway parking and outdoor yard space.
Located at 126 W Columbia Street in Chippewa Falls, the property is near shopping in the downtown area. The triplex and duplex share an electric box, while the triplex operates with a shared furnace and central air unit. Showings require 48 hours' notice.
Located at 126 W Columbia Street in Chippewa Falls, the property is near shopping in the downtown area. The triplex and duplex share an electric box, while the triplex operates with a shared furnace and central air unit. Showings require 48 hours' notice.
Key Highlights
- Triplex with detached duplex and a studio apartment with bath
- Fully rented residential income property
- 0.19‑acre lot with driveway parking and yard space
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 - Income-producing property with a detached duplex, shared mechanical systems, driveway parking, and yard space.
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: Triplex with detached duplex and a studio apartment with bath; Fully rented residential income property; 0.19‑acre lot with driveway parking and yard space
