Owner-Occupant Duplex with 3
523-525 Bay Street Chippewa Falls, WI 54729
For Sale
$265,000
MULTI_FAMILY - Chippewa Falls, WI
Property Size2,416 SF
Price / SF$109.69
Days on Market11
Property Features for 523-525 Bay Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Patio and Porch features
Porch
Appliances
Oven, Range, Refrigerator
Standard status
Active
APN
22808-0613-060060908B
Size
2,416 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Allen's addition LOT 8 the SW 85' BLK 9
Tax Annual Amount
2708
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1885
Number of units
2
Building materials
VinylSiding
Listing Agency:
RE/MAX Results~Menomonie
(715) 831-1488
Listed By:
Shelley Watkins · License #53414-94
(715) 556-8809
Added: Jul 20
Changed: Jul 24
Last Checked: Jul 30 at 4:06AM
MLS# 1603406
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.
Investment Insights
Based on property information with market context.
This duplex features two units, each with 3 bedrooms and 1 full bath. Unit #523 is currently vacant and includes a single-car garage. Unit #525 is leased through March 25th, 2027. Both units provide off-street and driveway parking, and both feature wood flooring.
Reported improvements include a roof installed in 2018, a furnace for Unit #525 in 2025, and a water heater for Unit #523 in 2023. Unit #525 is currently leased at $1050 per month. Lawn care, snow removal, and all utilities are tenant responsibility, with water and sewer paid by the seller.
The property is offered as a for-sale investment or owner-occupant duplex at 523-525 Bay Street in Chippewa Falls, WI (Chippewa County).
Reported improvements include a roof installed in 2018, a furnace for Unit #525 in 2025, and a water heater for Unit #523 in 2023. Unit #525 is currently leased at $1050 per month. Lawn care, snow removal, and all utilities are tenant responsibility, with water and sewer paid by the seller.
The property is offered as a for-sale investment or owner-occupant duplex at 523-525 Bay Street in Chippewa Falls, WI (Chippewa County).
Key Highlights
- Duplex built in 1885 with each unit offering 3 bedrooms and 1 full bath
- Unit #525 leased through March 25, 2027 at $1,050/month (tenants handle lawn care, snow removal, and utilities except water/sewer)
- Unit #523 is currently vacant and includes a single‑car garage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.4k | $12.60 |
| − Vacancy | −$1.7k | −$0.69 |
| EGI | $28.8k | $11.91 |
| − OpEx | −$8.6k | −$3.57 |
| NOI | $20.1k | $8.33 |
2,416 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$287.7K
$251.7K – $335.6K
NOI $20,137 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$259.7K
$227.2K – $303.0K
NOI $18,178 @ 7.0% cap · market cap 6.86%
Theoretical Best
Warehouse
$1.34M
$1.17M – $1.56M
NOI $93,890 @ 7.0% cap · market cap 35.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offers two 3-bedroom units with off-street and driveway parking, including updates such as a 2018 roof.
Where is this duplex located?
The property is located at 523-525 Bay Street Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Duplex built in 1885 with each unit offering 3 bedrooms and 1 full bath; Unit #525 leased through March 25, 2027 at $1,050/month (tenants handle lawn care, snow removal, and utilities except water/sewer); Unit #523 is currently vacant and includes a single‑car garage
