Historic Quadplex with
For Sale
$300,000
940 N Bridge Street 1-4, Chippewa Falls, WI 54729
Four-unit property with month-to-month tenancies and a detached garage.
Property Size3,655 SF
Lot Size1.80 Acres
Price / SF$82.08
Days on Market14
Property Features for 940 N Bridge Street 1-4
General Information
Standard status
Active
Size
3,655 SF
Lot size
1.80 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1.5BA, 3 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1896
Listing Agency:
General Property Management LLC
(715) 495-2279
Listed By:
Brooke Peterson · License #11233594
Source:
Danrealtygroup
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 29 at 7:21AM
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 General Property Management LLC
Investment Insights
Based on property information with market context.
The A.B. McDonell Mansion is a 3,655-square-foot quadplex built in 1896 on 1.8 acres. Its unit mix includes one 2-bedroom, 1.5-bath residence with a screened porch and three 1-bedroom, 1-bath residences. Interior features include hardwood floors, ornate ceilings, stained and etched glass, detailed woodwork, floor inlays, abundant natural light, and views toward Duncan Creek and Chippewa Falls. The property is being sold as-is.
A detached 3-car garage provides rear storage, while off-street parking is accessed from Judith Street. The historic driveway from N Bridge Street retains its original stonework but is no longer used. Month-to-month tenancies are in place, and the property is near Irvine Park and downtown Chippewa Falls.
A detached 3-car garage provides rear storage, while off-street parking is accessed from Judith Street. The historic driveway from N Bridge Street retains its original stonework but is no longer used. Month-to-month tenancies are in place, and the property is near Irvine Park and downtown Chippewa Falls.
Key Highlights
- 3,655‑square‑foot quadplex on 1.8 acres
- Built in 1896 as the historic A.B. McDonell Mansion
- Unit mix: (1) 2bed/1.5bath and (3) 1bed/1bath units
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
$27,500
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
9.17%
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%
$550,000
$550.0K
Cap Rate 7%
$392,857
$392.9K
Cap Rate 9%
$305,556
$305.6K
Market Conditions
NOI Build-Up for 3,655 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
$52.6K $14.40/SF
− Vacancy
−$2.6K −$0.72/SF
EGI
$50.0K $13.68/SF
− OpEx
−$22.5K −$6.16/SF
NOI
$27.5K $7.52/SF
Area
Chippewa County, WI
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
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%
$550,000
Cap Rate 7%
$392,857
Cap Rate 9%
$305,556
Alternative Uses
Best Use
Multifamily LT 5
$435.2K
$380.8K – $507.7K
NOI $30,464 @ 7.0% cap · market cap 10.15%
Second Best
Apartment 5plus
$392.9K
$343.8K – $458.3K
NOI $27,500 @ 7.0% cap · market cap 9.17%
Theoretical Best
Warehouse
$2.03M
$1.78M – $2.37M
NOI $142,039 @ 7.0% cap · market cap 47.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
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?
Quadplex - Four-unit property with month-to-month tenancies and a detached garage.
Where is this quadplex located?
The property is located at 940 N Bridge Street 1-4 Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 3,655‑square‑foot quadplex on 1.8 acres; Built in 1896 as the historic A.B. McDonell Mansion; Unit mix: (1) 2bed/1.5bath and (3) 1bed/1bath units
