2-Unit Duplex with
New
For Sale
$184,900
24 W Birch Street 1&2, Chippewa Falls, WI 54729
Each residence has a two-bedroom layout, while a detached garage adds shared parking and storage.
Property Size1,934 SF
Price / SF$95.60
Days on Market6
Property Features for 24 W Birch Street 1&2
General Information
Standard status
Active
Size
1,934 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
laundry
Building Details
Year Built
1887
Listing Agency:
C21 Affiliated
Listed By:
Liz Thompson · License #85897-94
(262) 893-6049
Source:
Homcentric
Added: Sep 22
Changed: Sep 27
Last Checked: Sep 26 at 10:01AM
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 C21 Affiliated
Investment Insights
Based on property information with market context.
Built in 1887, this duplex contains two residences, each with two bedrooms and one full bathroom. Laundry is on the lower level. The units share a detached two-car garage with alley access, providing parking and storage. The garage roof has been replaced; the main house roof is scheduled for replacement before closing, with a transferable warranty. Long-term tenants are in place.
The property is in downtown Chippewa Falls, within walking distance of shopping, dining, entertainment, parks, and other local amenities.
The property is in downtown Chippewa Falls, within walking distance of shopping, dining, entertainment, parks, and other local amenities.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- Built in 1887
- Shared detached two‑car garage with alley access and storage
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
$16,120
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
8.72%
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%
$322,400
$322.4K
Cap Rate 7%
$230,286
$230.3K
Cap Rate 9%
$179,111
$179.1K
Market Conditions
NOI Build-Up for 1,934 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
$24.4K $12.60/SF
− Vacancy
−$1.3K −$0.69/SF
EGI
$23.0K $11.91/SF
− OpEx
−$6.9K −$3.57/SF
NOI
$16.1K $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%
$322,400
Cap Rate 7%
$230,286
Cap Rate 9%
$179,111
Alternative Uses
Best Use
Multifamily LT 5
$230.3K
$201.5K – $268.7K
NOI $16,120 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$207.9K
$181.9K – $242.5K
NOI $14,551 @ 7.0% cap · market cap 7.87%
Theoretical Best
Warehouse
$1.07M
$939.5K – $1.25M
NOI $75,159 @ 7.0% cap · market cap 40.65%
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
738
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?
Duplex - Each residence has a two-bedroom layout, while a detached garage adds shared parking and storage.
Where is this duplex located?
The property is located at 24 W Birch Street 1&2 Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; Built in 1887; Shared detached two‑car garage with alley access and storage
