Updated Duplex With
New
For Sale
$399,900
5620 170th St Unit 5618, Chippewa Falls, WI 54729
Two distinct units offer flexible living arrangements, private outdoor space, and substantial storage and workspace improvements.
Property Size2,744 SF
Price / SF$145.74
Days on Market3
Property Features for 5620 170th St Unit 5618
General Information
Standard status
Active
Size
2,744 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
deck
gazebo
garden area
garden shed
workshop area
Building Details
Year Built
1971
Listing Agency:
Woods & Water Realty Inc/Regional Office
Listed By:
Jennifer Schafer · License #9485743
(715) 723-4663
Source:
Homcentric
Added: Sep 5
Last Checked: Sep 6 at 12:40PM
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.
Built in 1971, this 2,744-square-foot duplex includes 4 bedrooms and 4 baths across two separately configured units. Unit 5620 features an open kitchen, dining, and living area, a main-level walk-in shower, converted garage space with a fireplace and storage closet, plus a lower-level bedroom, recreation area, bath, and laundry. Unit 5618 includes its own kitchen, dining and living area, main-level bedroom and bath, attached 1-car garage, and lower-level family room, bedroom, bath, laundry, and storage.
Exterior amenities include a detached 2-car garage with workshop space, garden shed, large backyard, deck, garden area, and a gazebo installed in 2024. The property was pre-inspected and has water heaters replaced in 5618 in 2025 and 5620 in 2022, along with a 2022 pressure tank.
Exterior amenities include a detached 2-car garage with workshop space, garden shed, large backyard, deck, garden area, and a gazebo installed in 2024. The property was pre-inspected and has water heaters replaced in 5618 in 2025 and 5620 in 2022, along with a 2022 pressure tank.
Key Highlights
- 2,744‑square‑foot duplex with 4 bedrooms and 4 baths
- Detached 2‑car garage with workshop area, plus attached 1‑car garage
- Unit 5620 includes converted garage living space with fireplace and storage closet
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
$22,871
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
5.72%
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%
$457,420
$457.4K
Cap Rate 7%
$326,729
$326.7K
Cap Rate 9%
$254,122
$254.1K
Market Conditions
NOI Build-Up for 2,744 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
$34.6K $12.60/SF
− Vacancy
−$1.9K −$0.69/SF
EGI
$32.7K $11.91/SF
− OpEx
−$9.8K −$3.57/SF
NOI
$22.9K $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%
$457,420
Cap Rate 7%
$326,729
Cap Rate 9%
$254,122
Alternative Uses
Best Use
Multifamily LT 5
$326.7K
$285.9K – $381.2K
NOI $22,871 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$294.9K
$258.1K – $344.1K
NOI $20,646 @ 7.0% cap · market cap 5.16%
Theoretical Best
Warehouse
$1.52M
$1.33M – $1.78M
NOI $106,636 @ 7.0% cap · market cap 26.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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 distinct units offer flexible living arrangements, private outdoor space, and substantial storage and workspace improvements.
Where is this duplex located?
The property is located at 5620 170th St Unit 5618 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: 2,744‑square‑foot duplex with 4 bedrooms and 4 baths; Detached 2‑car garage with workshop area, plus attached 1‑car garage; Unit 5620 includes converted garage living space with fireplace and storage closet
