Arcata Multifamily Investment
1181 Q Street Arcata, CA 95521
1181 Q Street, Arcata, CA, 95521
$999,000
For Sale
$999,000
MULTI_FAMILY - Other - Arcata, CA
Property Size4,289 SF
Lot Size0.63 Acres
Price / SF$232.92
Days on Market92
Property Features for 1181 Q Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Single Family
- Standard status
- Active
- Size
- 4,289 SF
- Lot size
- 0.63 Acres
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1952
- Floors in Building
- 1
- Number of units
- 6
- Architectural style
- Other
Listing Agency
Forbes & Associates - Eric Cecchin
(707) 498-1817
1807 Central Avenue, CA
Listed by
Eric Cecchin · License #01200438
(707) 498-1817
Added: Apr 18 Checked: Jul 18 at 9:06 pm
MLS# 272059
Listing URL
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.
Located in Arcata, California, this multifamily property features six homes situated on a 0.627-acre lot. The property offers a country feel while being within walking, biking, or driving distance of the Arcata town center and Cal Poly Humboldt. Residents can easily access the weekly farmers market, North Coast Co-Op, and Arcata Plaza. The Creamery district, known for its shops and restaurants, is also nearby. The property is located down a private lane, enhancing its quiet atmosphere. The property consists of 4289 square feet of building area. The zoning is Single Family. The tenants have resided here for over five years and wish to remain, with no vacancy since the current owner's purchase five years ago. The property is located in an excellent walkable location.
Key Highlights
- Excellent walkable location to Arcata town center, Cal Poly Humboldt, farmers market, and shops.
- Six homes on a large .627 acre lot providing a country feel.
- Located down a private lane, offering a quiet environment.
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 | $99.8k | $23.28 |
| − Vacancy | −$7.0k | −$1.63 |
| EGI | $92.9k | $21.65 |
| − OpEx | −$41.8k | −$9.74 |
| NOI | $51.1k | $11.91 |
4,289 SF · lease $23.28/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$729.6K
$638.4K – $851.2K
NOI $51,072 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.62M
$1.42M – $1.89M
NOI $113,380 @ 7.0% cap · market cap 11.35%
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 homes near Arcata town center and Cal Poly Humboldt.
Where is this apartment building located?
The property is located at 1181 Q Street Arcata, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Excellent walkable location to Arcata town center, Cal Poly Humboldt, farmers market, and shops.; Six homes on a large .627 acre lot providing a country feel.; Located down a private lane, offering a quiet environment.
