Duplex with Storage
For Sale
$199,900
326 W Spring Street 1 & 2, Chippewa Falls, WI 54729
Two residential units include separate storage sheds and month-to-month tenant leases.
Property Size1,824 SF
Price / SF$109.59
Days on Market77
Property Features for 326 W Spring Street 1 & 2
General Information
Standard status
Active
Size
1,824 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
storage shed
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Donnellan Real Estate
Listed By:
Adrian Ong · License #9707594
(715) 600-4604
Source:
Homcentric
Added: Jul 21
Changed: Sep 9
Last Checked: Oct 4 at 3:01PM
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 Donnellan Real Estate
Investment Insights
Based on property information with market context.
This duplex contains 1,824 square feet across two residential units and dates to 1900. Each unit is accompanied by a separate storage shed, providing additional space for occupants. Both units are occupied under month-to-month leases.
The property is located at 326 W Spring Street in Chippewa Falls, within walking distance of downtown. Nearby shops, restaurants, and entertainment are accessible on foot, adding convenience for residents.
The two-unit configuration supports continued rental use or owner occupancy with rental income from the other unit. The existing lease structure provides flexibility for future occupancy or leasing decisions.
The property is located at 326 W Spring Street in Chippewa Falls, within walking distance of downtown. Nearby shops, restaurants, and entertainment are accessible on foot, adding convenience for residents.
The two-unit configuration supports continued rental use or owner occupancy with rental income from the other unit. The existing lease structure provides flexibility for future occupancy or leasing decisions.
Key Highlights
- Two‑unit duplex totaling 1,824 square feet
- Built in 1900
- Separate storage shed provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,203
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,060
$304.1K
Cap Rate 7%
$217,186
$217.2K
Cap Rate 9%
$168,922
$168.9K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$23.0K $12.60/SF
− Vacancy
−$1.3K −$0.69/SF
EGI
$21.7K $11.91/SF
− OpEx
−$6.5K −$3.57/SF
NOI
$15.2K $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%
$304,060
Cap Rate 7%
$217,186
Cap Rate 9%
$168,922
Alternative Uses
Best Use
Multifamily LT 5
$217.2K
$190.0K – $253.4K
NOI $15,203 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$196.1K
$171.6K – $228.7K
NOI $13,724 @ 7.0% cap · market cap 6.87%
Theoretical Best
Warehouse
$1.01M
$886.1K – $1.18M
NOI $70,884 @ 7.0% cap · market cap 35.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
670
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?
Duplex - Two residential units include separate storage sheds and month-to-month tenant leases.
Where is this duplex located?
The property is located at 326 W Spring Street 1 & 2 Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,824 square feet; Built in 1900; Separate storage shed provided for each unit
