Residential Triplex with Attached
For Sale
$650,000
Pending
1270 Mill Creek Way, Fortuna, CA 95540
MULTI_FAMILY - Other - Fortuna, CA
Property Size2,566 SF
Lot Size0.23 Acres
Days on Market54
Property Features for 1270 Mill Creek Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Single Family
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Offsite
Lot features
Flat
Middle school
Fortuna
High school
Fortuna
Elementary school district
Fortuna
Middle school district
Fortuna
High school district
Fortuna
Directions
Kenmar offramp, continue on Kenmar east, turn right on Mill Crk Way, property is on the right at the intersection of Kelli and Mill Crk Way
Subdivision
Mid County
Standard status
Pending
Size
2,566 SF
Lot size
0.23 Acres
Utilities
Sewer type
Public Sewer
Building Details
Year built
1953
Floors in Building
1
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
Humboldt Equity, Inc.
(707) 682-8100
Listed By:
Matt Allen · License #01305904
(707) 498-3063
Added: Jun 10
Changed: Jul 16
Last Checked: Aug 2 at 7:06PM
MLS# 272552
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 property features a primary home and a duplex, configured as three separate residential units. The primary residence is 1,275 square feet with 3 bedrooms and 2 bathrooms. The duplex includes two additional units: a 700-square-foot 2-bedroom, 2-bath unit and a 560-square-foot 1-bedroom, 1-bath unit. All units benefit from their own laundry facilities and comfortable yards. Each unit has separately metered PGE gas and electric, with the owner paying water and sewer. The property also includes two attached storage garages.
Located in Fortuna, this home sits at the end of a residential neighborhood as it transitions to larger parcels. The listing is offered for sale with showings by appointment only.
Designed for owners who want both live-in flexibility and rental income, the layout supports a conventional purchase approach and can also function as a primary residence with tenant-supported cash flow. With separate utilities for gas and electric across all units, day-to-day operating responsibilities may be simplified for an owner-occupant or investor. Units have current rents of $1,900, $1,400, and $1,100.
Located in Fortuna, this home sits at the end of a residential neighborhood as it transitions to larger parcels. The listing is offered for sale with showings by appointment only.
Designed for owners who want both live-in flexibility and rental income, the layout supports a conventional purchase approach and can also function as a primary residence with tenant-supported cash flow. With separate utilities for gas and electric across all units, day-to-day operating responsibilities may be simplified for an owner-occupant or investor. Units have current rents of $1,900, $1,400, and $1,100.
Key Highlights
- Fortuna home and duplex: primary 1,275 sqft 3 bed/2 bath plus duplex units of 700 sqft (2 bed/2 bath) and 560 sqft (1 bed/1 bath)
- Three separate units with in‑unit laundry facilities
- Separately metered PGE gas and electric for each unit; owner pays water and sewer
Financial Insights For Multifamily LT 5
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 | $50.8k | $19.80 |
| − Vacancy | −$3.4k | −$1.32 |
| EGI | $47.4k | $18.48 |
| − OpEx | −$14.2k | −$5.54 |
| NOI | $33.2k | $12.94 |
2,566 SF · lease $19.80/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$474.3K
$415.0K – $553.3K
NOI $33,200 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$436.5K
$381.9K – $509.3K
NOI $30,555 @ 7.0% cap · market cap 4.70%
Theoretical Best
Flex RnD
$969.0K
$847.9K – $1.13M
NOI $67,832 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Explore this area
Business Placement
Demographics for 95540, CA
14,055
Population
6,087
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
88%
High-School Grad
34.1 sq mi
ZIP Area
412
Density / Sq Mi
$62,346
Median Household Income
$37,309
Median Earnings
$1,135
Median Rent
$362,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three well-maintained units each with laundry and yards, plus two attached storage garages for added convenience.
Where is this triplex located?
The property is located at 1270 Mill Creek Way Fortuna, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Fortuna home and duplex: primary 1,275 sqft 3 bed/2 bath plus duplex units of 700 sqft (2 bed/2 bath) and 560 sqft (1 bed/1 bath); Three separate units with in‑unit laundry facilities; Separately metered PGE gas and electric for each unit; owner pays water and sewer
