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Duplex with Separate Utilities
For Sale
$258,500

512 Ripley Avenue, Eau Claire, WI 54701

ResidentialIncome, Eau Claire, WI

Property Size1,890 SF
Lot Size0.16 Acres
Price / SF$136.77
Days on Market81

Property Features for 512 Ripley Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Residential-Duplex
Rooms Basement
Parking features Driveway
Appliances Dryer, Microwave, NoHotWater, Oven, Range, Refrigerator, Washer
Elementary school district Eau Claire Area
Middle school district Eau Claire Area
High school district Eau Claire Area
Directions Farwell St to E on Putnam Dr to S on Rust St to Ripley Ave
Standard status Active
APN 221030863
Size 1,890 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 4627

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Wall Unit(s), Window Unit(s)
Water source Public

Building Details

Year built 1940
Number of units 2
Building materials VinylSiding
Listing Agency: Woods & Water Realty Inc/Regional Office
Listed By: Jennifer Schafer · License #85743-94
Added: Jul 28 Changed: Oct 6 Last Checked: Oct 16 at 9:06AM
MLS# 1603682

Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This duplex contains two 2-bedroom, 1-bath apartments within 1,890 square feet. The 0.16-acre parcel includes garage space and driveway parking, and each unit has separate utilities. One apartment is available for immediate occupancy; the other is occupied by a long-term tenant. The building was constructed in 1940 and has vinyl siding, forced-air heat, and window and wall air-conditioning units.

The property is in Eau Claire, near the University of Wisconsin–Eau Claire, downtown, parks, trails, shopping, and restaurants. Public water and sewer serve the property.

Key Highlights

  • Two 2‑bedroom, 1‑bath units
  • 1,890 square feet on a 0.16‑acre lot
  • Separate utilities for each apartment

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Bakery Plumbing Service HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

427
Businesses Nearby

Demographics for 54701, WI

41,346
Population
17,932
Households
2.3
Avg Household Size
35
Median Age
42%
College-Educated
98%
High-School Grad
86.0 sq mi
ZIP Area
481
Density / Sq Mi
$71,406
Median Household Income
$37,658
Median Earnings
$963
Median Rent
$265,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two two-bedroom units offer distinct utility service, garage space, and off-street parking.
Where is this duplex located?
The property is located at 512 Ripley Avenue Eau Claire, WI.
What is the asking price?
The asking price for this property is $258,500.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; 1,890 square feet on a 0.16‑acre lot; Separate utilities for each apartment
More about this property
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