Duplex with Detached Workshop
For Sale
$399,900
5618-5620 170th St, Chippewa Falls, WI
Two residential units offer separate living areas, garages, lower-level rooms, laundry, and outdoor space.
Property Size1,680 SF
Price / SF$238.04
Days on Market19
Property Features for 5618-5620 170th St
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,015
Amenities
deck
gazebo
garden area
Listing Agency:
Woods & Water Realty Inc/Regional Office
Listed By:
Jennifer Schafer · License #85743-94
(715) 723-4663
Source:
Exprealty
Added: Sep 2
Changed: Sep 16
Last Checked: Sep 19 at 1:40PM
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 Woods & Water Realty Inc/Regional Office
Investment Insights
Based on property information with market context.
This duplex contains 1,680 square feet across two residential units at 5618 and 5620 170th St. The property includes 4 bedrooms and 4 baths, with each side offering its own kitchen, dining, living, bedroom, bathroom, laundry, and lower-level space. One unit has an attached 1-car garage, while the other includes a detached 2-car garage with workshop space. Additional improvements include storage areas, a garden shed, deck, gazebo installed in 2024, and a garden area. Unit 5620 also features a fireplace and a main-level walk-in shower.
Updates include a 2025 water heater for 5618, a 2022 water heater for 5620, and a pressure tank replaced in 2022. The property has been pre-inspected and is located in the Town of Lafayette, with a Chippewa Falls mailing address.
Updates include a 2025 water heater for 5618, a 2022 water heater for 5620, and a pressure tank replaced in 2022. The property has been pre-inspected and is located in the Town of Lafayette, with a Chippewa Falls mailing address.
Key Highlights
- Duplex totaling 1,680 square feet with 4 bedrooms and 4 baths
- Detached 2‑car garage includes workshop area; second unit has an attached 1‑car garage
- Gazebo installed in 2024, plus deck, garden shed, and garden area
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
$14,003
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
3.50%
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%
$280,060
$280.1K
Cap Rate 7%
$200,043
$200.0K
Cap Rate 9%
$155,589
$155.6K
Market Conditions
NOI Build-Up for 1,680 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
$21.2K $12.60/SF
− Vacancy
−$1.2K −$0.69/SF
EGI
$20.0K $11.91/SF
− OpEx
−$6.0K −$3.57/SF
NOI
$14.0K $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%
$280,060
Cap Rate 7%
$200,043
Cap Rate 9%
$155,589
Alternative Uses
Best Use
Multifamily LT 5
$200.0K
$175.0K – $233.4K
NOI $14,003 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$180.6K
$158.0K – $210.7K
NOI $12,640 @ 7.0% cap · market cap 3.16%
Theoretical Best
Warehouse
$932.7K
$816.1K – $1.09M
NOI $65,288 @ 7.0% cap · market cap 16.33%
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
737
Businesses Nearby
Explore this area
Business Placement
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 offer separate living areas, garages, lower-level rooms, laundry, and outdoor space.
Where is this duplex located?
The property is located at 5618-5620 170th St Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Duplex totaling 1,680 square feet with 4 bedrooms and 4 baths; Detached 2‑car garage includes workshop area; second unit has an attached 1‑car garage; Gazebo installed in 2024, plus deck, garden shed, and garden area
