Duplex with Detached
New
For Sale
$399,900
5620 170th Street, Chippewa Falls, WI 54729
ResidentialIncome, Chippewa Falls, WI
Property Size2,744 SF
Lot Size0.74 Acres
Price / SF$145.74
Days on Market1
Property Features for 5620 170th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Rooms
Basement
Parking features
Driveway, Open
Patio and Porch features
Deck, Porch
Interior features
CeilingFans
Fireplace
1
Appliances
Dryer, ElectricWaterHeater, Freezer, Microwave, Oven, Range, Refrigerator, WaterSoftener, Washer
Elementary school district
Chippewa Falls Area Unified
Middle school district
Chippewa Falls Area Unified
High school district
Chippewa Falls Area Unified
Directions
Hwy 29, to Cty J left on 170th St
Standard status
Active
APN
22808101409600001
Size
2,744 SF
Lot size
0.74 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Long
Tax Annual Amount
2016
Legal Description
Long
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Forced Air
Cooling system
Ductless, Central Air
Water source
Well
Amenities
deck
gazebo
garden area
garden shed
workshop area
fireplace
Building Details
Year built
1971
Number of units
2
Building materials
CementSiding
Additional Structures
Gazebo
Listing Agency:
Woods & Water Realty Inc/Regional Office
Listed By:
Jennifer Schafer · License #85743-94
(715) 723-4663
Added: Sep 2
Last Checked: Sep 2 at 9:06PM
MLS# 1604785
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 2,744-square-foot duplex sits on 0.74 acres and includes four bedrooms and four baths across two residential units. One unit features an open kitchen, dining, and living arrangement, a main-level walk-in shower, lower-level bedroom and recreation space, laundry, and a converted garage area with a fireplace and storage. The second unit offers main-level living spaces, a bedroom and bath, an additional lower-level bedroom, family room, laundry, and storage. A detached two-car garage includes workshop space, while the other unit has an attached one-car garage.
Outdoor features include a deck, porch, gazebo installed in 2024, garden area, shed, and a large backyard. The property was built in 1971 and uses well water and a septic tank. Heating includes baseboard and forced air, with ductless and central air cooling. Water heaters were updated in 2025 and 2022, and the pressure tank was updated in 2022. The property has also been pre-inspected.
Outdoor features include a deck, porch, gazebo installed in 2024, garden area, shed, and a large backyard. The property was built in 1971 and uses well water and a septic tank. Heating includes baseboard and forced air, with ductless and central air cooling. Water heaters were updated in 2025 and 2022, and the pressure tank was updated in 2022. The property has also been pre-inspected.
Key Highlights
- Duplex totaling 2,744 square feet on 0.74 acres
- Four bedrooms and four baths across two units
- Detached 2‑car garage with workshop area plus attached 1‑car garage
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
100
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-unit property with multiple living areas, garages, outdoor amenities, and recent mechanical updates.
Where is this duplex located?
The property is located at 5620 170th Street 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 2,744 square feet on 0.74 acres; Four bedrooms and four baths across two units; Detached 2‑car garage with workshop area plus attached 1‑car garage
