Waterfront Fourplex with Strong
144 150 Florida Street, Vallejo, CA 94590
New
Quadruplex - Vallejo, CA
Type:Quadruplex
Property size:
3,440 SFLot size:
0.15 AcresPrice / SF:
$247/SF- Added:
- May 28, 2026
- Days on Market:
- 3
- Last Refresh:
- May 30 at 11:06 am
Property Features for 144 150 Florida Street
General Information
- Property type
- Other
- Property subtype
- Quadruplex
- Parking
- 8
- Appliances
- Dishwasher, Microwave, Range, Range - Gas, Washer
- Standard status
- Active
- APN
- 0055-094-100
- Size
- 3,440 SF
- Lot size
- 0.15 Acres
Utilities
- Heating system
- Wall Furnace
- Cooling system
- Ceiling Fan(s), Varies by Unit
Building Details
- Year built
- 1984
- Architectural style
- Other
Listing agent Thomas Rapisarda (707) 448-4248
Listing office Rapisarda Real Estate 366 Merchant Street, Vacaville, CA (707) 448-4248
Listing date May 28, 2026
MLS# 326007288
Listing URL
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Strong 10.25% CAP rate investment property.
- Waterfront views and marina location with large balconies.
- Significant capital improvements completed in 2022: new roof/gutters, updated plumbing, separate water heaters, rebuilt balconies, updated patio doors, partial dual pane windows, modernized interiors.
- Four spacious 2‑bedroom, 1‑bath units (approximately 860 sq ft each).
- Convenient location near freeway access, Yacht Club, and Ferry Building.
- Additional income from garage rentals and on‑site coin‑operated laundry.
Overview
This fourplex offers a 10.25 CAP rate, featuring four spacious 2-bedroom, 1-bath units. Each unit provides approximately 860 square feet and includes large balconies with water and marina views. The property is located minutes from freeway access, the Yacht Club, and the Ferry Building, making it suitable for Bay Area commuters. The property benefits from strong market rents, additional garage income, and on-site coin-operated laundry that generates consistent monthly cash flow. Capital improvements include a new roof and gutters in 2022, updated plumbing, separate 2022 water heaters and utility lines for each unit, fully rebuilt and permitted balconies, updated patio doors, partial dual pane windows, and modernized interiors. Interior upgrades feature laminate flooring, fresh interior paint, updated kitchens and bathrooms, and stainless steel appliances from 2022 or newer. A detached rear parking garage provides one dedicated space per unit. The property includes a coin-operated washer and dryer. Mature fruit trees, including nectarines, plums, figs, apricot, and orange, along with landscaped stairways, create a private setting. The lot size is 0.1492 acres and the property size is 3,440 square feet. The property is located in Vallejo, CA.
Local 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 | $101.1k | $29.40 |
| − Vacancy | −$5.6k | −$1.62 |
| EGI | $95.6k | $27.78 |
| − OpEx | −$28.7k | −$8.33 |
| NOI | $66.9k | $19.45 |
3,440 SF · lease $29.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$955.7K
$836.3K – $1.12M
NOI $66,901 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$858.4K
$751.1K – $1.00M
NOI $60,087 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,194 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Vallejo
- County
- Solano
- State
- California
- Longitude
- -122.263401
- Latitude
- 38.105465
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Vallejo fourplex with marina views, strong rents, and upgrades.
Where is this quadplex located?
The property is located at 144 150 Florida Street Vallejo, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Strong 10.25% CAP rate investment property.; Waterfront views and marina location with large balconies.; Significant capital improvements completed in 2022: new roof/gutters, updated plumbing, separate water heaters, rebuilt balconies, updated patio doors, partial dual pane windows, modernized interiors.
