Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    635 Centre Street Eau Claire, WI 54703

    View on Map
    Claim this Listing
    For Sale
    $199,900

    MULTI_FAMILY - Eau Claire, WI

    Property size:
    2,073 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $96/SF
    Added:
    Sep 5, 2025
    Days on Market:
    244
    Last Refresh:
    May 6 at 12:06 am

    Property Features for 635 Centre Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Driveway
    Patio and Porch features
    Porch
    Appliances
    Dryer, ElectricWaterHeater, Oven, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    1822122709174102109
    Size
    2,073 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT 13 BLK 15 PUTNAM & SIMONS 2ND ADD TO EC
    Tax Annual Amount
    2623

    Utilities

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

    Building Details

    Year built
    1886
    Number of units
    2
    Building materials
    AluminumSiding
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Adrian Ong

    Listing agent Adrian Ong License #97075-94

    Listing office Donnellan Real Estate 1720 Harding Ave, Eau Claire, WI

    Listing date Sep 5, 2025

    MLS# 1595299 Listing URL

    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.

    Overview

    Well-Maintained Duplex Investment Opportunity

    This well-maintained duplex on Centre St in Eau Claire, WI, presents a great investment opportunity. Both units are occupied by long-term tenants on month-to-month leases, providing steady income and flexibility for future use. The main level unit features 3 bedrooms, 1 full bath, an enclosed porch, and access to a partial basement with laundry facilities, including a washer and dryer. The upper unit includes 2 bedrooms and 1 bath. The property is situated on a 0.2106-acre lot. The building size is 2073 square feet. Tenants are responsible for all utilities, while the landlord covers sewer expenses. Outside, there is a large garden area and a lean-to. The property is conveniently located near Birch St and Starr Ave, with quick access to bus routes. This duplex offers an opportunity for investors looking to expand their portfolio or for an owner-occupant seeking to live in one unit while generating rental income from the other.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eau Claire
    County
    Eau Claire
    State
    Wisconsin
    Longitude
    -91.491287
    Latitude
    44.82158

    Nearby Similar for Sale

    • $475,000
      6,985 SF

      Eau Claire Commercial Opportunity

      23-bedroom property with versatile potential in Eau Claire, Wisconsin.
      678 Wisconsin Street, Eau Claire, WI 54703
      View Details
    • $365,000
      4,448 SF

      Fourplex in Eau Claire, WI

      Four-unit multifamily property with investment and owner-occupancy potential.
      109 S Michigan Street, Eau Claire, WI 54703
      View Details
    • $199,999
      2,086 SF

      Well-Located Triplex in Eau Claire

      Triplex with strong rental history, near downtown Eau Claire.
      628 Germania Street, Eau Claire, WI 54703
      View Details
    • $225,000
      1,752 SF

      Updated Duplex in Eau Claire

      Well-maintained duplex with modern updates and reliable tenants.
      1428 Bellevue Avenue, Eau Claire, WI 54703
      View Details
    • $275,000
      1,847 SF

      Eau Claire Duplex Investment Opportunity

      Tenant-occupied duplex in Eau Claire's Cannery District near downtown.
      1715 Babcock Street, Eau Claire, WI 54703
      View Details
    • $209,900
      1,694 SF

      Eau Claire Duplex Opportunity

      Downtown Eau Claire duplex near restaurants, shops, and parks.
      715 S Dewey Street unit: 2, Eau Claire, WI 54701
      View Details
    • $299,900
      1,840 SF

      Eau Claire Duplex For Sale

      Charming duplex in Eau Claire's desirable East Hill neighborhood.
      1721 Hogeboom, Eau Claire, WI 54701
      View Details
    • $389,000
      4,100 SF

      Versatile Warehouse and Office Property

      Warehouse and office property with excellent accessibility and ample parking.
      1703 Western Ave, Eau Claire, WI 54703
      View Details
    • $599,000
      7,110 SF

      Prime Retail Space on Brackett Avenue

      Highly visible commercial property in established Eau Claire location.
      1807 Brackett Ave, Eau Claire, WI 54701
      View Details
    • $959,000
      8,267 SF

      Eau Claire Multi-Tenant Investment Opportunity

      Multi-tenant commercial property in Eau Claire with income and upside.
      1025 Starr Ave, Eau Claire, WI 54703
      View Details
    • $930,000
      12,120 SF

      High Visibility Commercial Property

      Fully leased building on corner lot with high traffic exposure.
      2425 Seymour Rd, Eau Claire, WI 54703
      View Details
    • $2,999,000
      15,000 SF

      Medical Office in Eau Claire

      Move-in ready medical office space in a prime location.
      659 W Hamilton Ave, Eau Claire, WI 54701
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex with long-term tenants, steady income, and flexible future use.
    Where is this duplex located?
    The property is located at 635 Centre Street Eau Claire, WI.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Duplex with two units provides immediate rental income and investment opportunity.; Tenants pay all utilities except sewer, simplifying landlord expenses.; Month‑to‑month leases offer flexibility for future use or owner occupancy.
    (715) 600-4604
    We can help!
    Listing Contact
    Adrian Ong
    Real Estate License ID: 97075-94
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    635 Centre Street, Eau Claire, WI 54703
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!