6-Home Multifamily
For Sale
$999,000
1181 Q St #1, Arcata, CA 95521
Multi-Family, Arcata, CA
Property Size4,289 SF
Lot Size0.63 Acres
Price / SF$232.92
Days on Market189
Property Features for 1181 Q St #1
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Single Family
Zoning description
Single Family
Lot features
In Town, Near Public Transit, Near Shopping
High school
Arcata
Directions
Down a private lane off Q St, no sign.
Subdivision
North Bay
Standard status
Active
APN
505-211-013
Size
4,289 SF
Lot size
0.63 Acres
Building Details
Year built
1952
Floors in Building
1
Number of units
6
Listing Agency:
Forbes & Associates - Eric Cecchin
Listed By:
Eric Cecchin · License #01200438
(707) 498-1817
Added: Apr 18
Changed: Oct 19
Last Checked: Oct 23 at 12:06PM
MLS# 272059
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.
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Investment Insights
Based on property information with market context.
The property comprises six homes totaling 4,289 square feet, built in 1952 and zoned Single Family. The homes are set along a private lane, with space around each residence. Tenants have remained in place for more than five years, and there has been no vacancy during the current owner's five-year tenure.
Arcata town center and Cal Poly Humboldt are a few minutes away by foot, bicycle, or car. The weekly farmers market, North Coast Co-Op, Arcata Plaza, and shops and restaurants in the Creamery district are also within walking distance.
Arcata town center and Cal Poly Humboldt are a few minutes away by foot, bicycle, or car. The weekly farmers market, North Coast Co-Op, Arcata Plaza, and shops and restaurants in the Creamery district are also within walking distance.
Key Highlights
- Six homes on one property
- 4,289 square feet total
- Built in 1952
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,072
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,440
$1.0M
Cap Rate 7%
$729,600
$729.6K
Cap Rate 9%
$567,467
$567.5K
Market Conditions
NOI Build-Up for 4,289 SF
Gross rent
$99.8K $23.28/SF
− Vacancy
−$7.0K −$1.63/SF
EGI
$92.9K $21.65/SF
− OpEx
−$41.8K −$9.74/SF
NOI
$51.1K $11.91/SF
Area
Humboldt County, CA
Vacancy
7.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,440
Cap Rate 7%
$729,600
Cap Rate 9%
$567,467
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
Explore this area
Business Placement
Demographics for 95521, CA
21,581
Population
9,797
Households
2.2
Avg Household Size
30
Median Age
45%
College-Educated
95%
High-School Grad
60.4 sq mi
ZIP Area
357
Density / Sq Mi
$54,324
Median Household Income
$24,129
Median Earnings
$1,300
Median Rent
$478,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Six detached homes sit on a shared parcel near Arcata town center and Cal Poly Humboldt.
Where is this multifamily property located?
The property is located at 1181 Q St #1 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: Six homes on one property; 4,289 square feet total; Built in 1952
