Two-Unit Duplex with Off-Street
New
For Sale
$209,000
270 W Elm #1-2, Chippewa Falls, WI 54729
Both residences include laundry hookups and a deck, with separate furnaces and water heaters.
Property Size1,763 SF
Price / SF$118.55
Days on Market2
Property Features for 270 W Elm #1-2
General Information
Standard status
Active
Size
1,763 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,201
Amenities
laundry hookups
deck off doors
off street parking
Building Details
Building Size
1,763 SF
Year Built
1880
Units
2
Tenancy
Multi
Listing Agency:
CB Brenizer/Chippewa
Listed By:
Amber Linhart · License #68163-94
(715) 723-5521
Source:
Birchlandrealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:15AM
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 CB Brenizer/Chippewa
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each with two bedrooms, one bathroom, laundry hookups, and a deck. The lower unit has updated LVP flooring. Separate newer furnaces and hot water heaters serve the property, and off-street parking is available.
Built in 1880, the building has a 1,763-square-foot footprint on a small lot.
Built in 1880, the building has a 1,763-square-foot footprint on a small lot.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Laundry hookups and a deck in each unit
- Newer furnaces and hot water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,694
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,880
$293.9K
Cap Rate 7%
$209,914
$209.9K
Cap Rate 9%
$163,267
$163.3K
Market Conditions
NOI Build-Up for 1,763 SF
Gross rent
$22.2K $12.60/SF
− Vacancy
−$1.2K −$0.69/SF
EGI
$21.0K $11.91/SF
− OpEx
−$6.3K −$3.57/SF
NOI
$14.7K $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%
$293,880
Cap Rate 7%
$209,914
Cap Rate 9%
$163,267
Alternative Uses
Best Use
Multifamily LT 5
$209.9K
$183.7K – $244.9K
NOI $14,694 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$189.5K
$165.8K – $221.1K
NOI $13,265 @ 7.0% cap · market cap 6.35%
Theoretical Best
Warehouse
$978.8K
$856.4K – $1.14M
NOI $68,513 @ 7.0% cap · market cap 32.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
629
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include laundry hookups and a deck, with separate furnaces and water heaters.
Where is this duplex located?
The property is located at 270 W Elm #1-2 Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Laundry hookups and a deck in each unit; Newer furnaces and hot water heaters
