Historic Victorian Multifamily
1005 E Street Eureka, CA 95501
1005 E Street, Eureka, CA, 95501
$495,000
For Sale
$495,000
MULTI_FAMILY - Other - Eureka, CA
Property Size2,410 SF
Lot Size0.15 Acres
Price / SF$205.39
Days on Market88
Property Features for 1005 E Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Single Family
- Interior features
- Ceiling Fan
- Standard status
- Active
- Size
- 2,410 SF
- Lot size
- 0.15 Acres
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1883
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Vinyl, Wood, Carpet
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
Forbes & Associates - Eric Cecchin
(707) 498-1817
Listed by
Eric Cecchin · License #01200438
(707) 498-1817
Added: Apr 25 Updated: Jun 11 at 11:07PM Checked: Jul 21 at 9:06PM
MLS# 272129
Copyright © 2026 Humboldt Association of Realtors. 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 historic Victorian multifamily building features original architectural details throughout, including clear fir flooring, pocket doors, period hardware dating to 1883, bay windows, high ceilings, archways, and an original detailed fireplace and mantle. The property is configured as six separately metered apartments, described as two main units with additional apartments, each with its own character and charm.
Located at 1005 E Street in Eureka, CA 95501, the home overlooks the Eureka Heritage Society Gardens. Public remarks also note that the property is walkable to town and an Old Town location.
As a for-sale residential income property, this building offers an investor or owner-operator the ability to manage multiple individually metered units under one roof. The layout and finishes highlighted in the listing—along with the stated tenant preference for the home’s beauty, charm, and walkability—support a tenant experience centered on historic character and livability.
Located at 1005 E Street in Eureka, CA 95501, the home overlooks the Eureka Heritage Society Gardens. Public remarks also note that the property is walkable to town and an Old Town location.
As a for-sale residential income property, this building offers an investor or owner-operator the ability to manage multiple individually metered units under one roof. The layout and finishes highlighted in the listing—along with the stated tenant preference for the home’s beauty, charm, and walkability—support a tenant experience centered on historic character and livability.
Key Highlights
- 1883 Victorian home with period details including pocket doors, high ceilings, archways, and original fireplace and mantle
- 6 separately metered apartments in the home, generating $4,800/month in total income
- Upper apartment offers views out to the bay
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.1k | $23.28 |
| − Vacancy | −$3.9k | −$1.63 |
| EGI | $52.2k | $21.65 |
| − OpEx | −$23.5k | −$9.74 |
| NOI | $28.7k | $11.91 |
2,410 SF · lease $23.28/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$410.0K
$358.7K – $478.3K
NOI $28,698 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$910.1K
$796.4K – $1.06M
NOI $63,708 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six separately metered apartments in a historic Victorian, with period details and garden/bay views.
Where is this apartment building located?
The property is located at 1005 E Street Eureka, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1883 Victorian home with period details including pocket doors, high ceilings, archways, and original fireplace and mantle; 6 separately metered apartments in the home, generating $4,800/month in total income; Upper apartment offers views out to the bay
