Updated Duplex with Private
For Sale
$270,000
5067 County Highway K Unit 2, Chippewa Falls, WI 54729
Two-bedroom units offer flexible occupancy arrangements, private sheds, and tenant-paid utilities and exterior maintenance.
Property Size1,800 SF
Lot Size0.50 Acres
Price / SF$150
Days on Market43
Property Features for 5067 County Highway K Unit 2
General Information
Standard status
Active
Size
1,800 SF
Lot size
0.50 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private storage shed
Building Details
Year Built
1970
Buildings
1
Listing Agency:
Icon Realty
(715) 781-9248
Listed By:
Katherine Lillie
Source:
Danrealtygroup
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 31 at 7:02PM
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 Icon Realty
Investment Insights
Based on property information with market context.
This duplex contains two two-bedroom, one-bath units within an 1,800-square-foot property on a half-acre lot. Both residences include full unfinished basements for storage, private storage sheds, and updates completed in 2022, including carpet, paint, plumbing, exterior locks, bathroom exhaust fans, attic insulation, and kitchen cabinetry. A new septic pump and hot water heater were installed in 2024, followed by another hot water heater installation in 2026.
The property is located at 5067 County Highway K Unit 2 in Chippewa Falls, Wisconsin, and was built in 1970. Tenants are responsible for utilities, lawn care, and snow removal. One tenancy extends through October, while the other is month-to-month, providing different timing for future occupancy or leasing decisions.
The property is located at 5067 County Highway K Unit 2 in Chippewa Falls, Wisconsin, and was built in 1970. Tenants are responsible for utilities, lawn care, and snow removal. One tenancy extends through October, while the other is month-to-month, providing different timing for future occupancy or leasing decisions.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units
- 1,800 square feet on a half‑acre lot
- Full unfinished basements and private storage sheds for both units
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
$15,003
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
5.56%
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%
$300,060
$300.1K
Cap Rate 7%
$214,329
$214.3K
Cap Rate 9%
$166,700
$166.7K
Market Conditions
NOI Build-Up for 1,800 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
$22.7K $12.60/SF
− Vacancy
−$1.2K −$0.69/SF
EGI
$21.4K $11.91/SF
− OpEx
−$6.4K −$3.57/SF
NOI
$15.0K $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%
$300,060
Cap Rate 7%
$214,329
Cap Rate 9%
$166,700
Alternative Uses
Best Use
Multifamily LT 5
$214.3K
$187.5K – $250.1K
NOI $15,003 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$193.5K
$169.3K – $225.7K
NOI $13,543 @ 7.0% cap · market cap 5.02%
Theoretical Best
Warehouse
$999.3K
$874.4K – $1.17M
NOI $69,951 @ 7.0% cap · market cap 25.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3
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-bedroom units offer flexible occupancy arrangements, private sheds, and tenant-paid utilities and exterior maintenance.
Where is this duplex located?
The property is located at 5067 County Highway K Unit 2 Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units; 1,800 square feet on a half‑acre lot; Full unfinished basements and private storage sheds for both units
