Renovated Triplex with Attached
For Sale
$595,000
Pending
1665 Ronald Avenue, Fortuna, CA 95540
Multi-Family, Fortuna, CA
Property Size2,600 SF
Lot Size0.41 Acres
Days on Market54
Property Features for 1665 Ronald Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Single Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1
Parking features
Garage
Window features
Skylight(s)
Interior features
Fireplace
Exterior features
Skylight
Fireplace
1
Lot features
Flag
High school
Fortuna
Directions
Ross Hill Rd to School Street past Campton Hts Market and then take a Right on Ronald. Go past the first stop sign and the units will be on the left half way up the block.
Subdivision
Mid County
Standard status
Pending
APN
203-102-022
Size
2,600 SF
Lot size
0.41 Acres
Utilities
Sewer type
Public Sewer
Amenities
gas fireplace
skylights
solar system
glow rock patio
gas plumbing for outdoor BBQ
hot tub pre-wiring
remote controlled blinds
Building Details
Year built
1972
Floors in Building
1
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
Landmark Real Estate
(707) 786-9300
Listed By:
Jeremy Stanfield · License #01339550
(707) 496-3806
Added: Jul 10
Changed: Aug 31
Last Checked: Sep 1 at 9:06PM
MLS# 272820
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 triplex contains 2,600 square feet across three residences on a 0.41-acre parcel. The rear home has two bedrooms and two bathrooms, an extensively updated kitchen, gas fireplace, skylights, remote-controlled blinds, added insulation, roofing improvements, and an owned solar system. Its fenced outdoor area includes a patio with gas plumbing and electrical service for a future hot tub. An attached garage provides additional convenience.
The front duplex includes two two-bedroom residences, each with a remodeled bathroom, updated kitchen, laminate flooring, gas appliances, laundry hookups, an attached single-car garage, and a private fenced yard. Separate utility meters serve the duplex units, which are occupied by long-term tenants. The property has public sewer service, a shingle roof, and was built in 1972. Single Family zoning is identified for the site.
The front duplex includes two two-bedroom residences, each with a remodeled bathroom, updated kitchen, laminate flooring, gas appliances, laundry hookups, an attached single-car garage, and a private fenced yard. Separate utility meters serve the duplex units, which are occupied by long-term tenants. The property has public sewer service, a shingle roof, and was built in 1972. Single Family zoning is identified for the site.
Key Highlights
- Three residences totaling 2,600 square feet on a 0.41‑acre parcel
- Rear home with 2 bedrooms, 2 bathrooms, owned solar, and attached garage
- Two‑bedroom duplex units with remodeled bathrooms and updated kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,640
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$672,800
$672.8K
Cap Rate 7%
$480,571
$480.6K
Cap Rate 9%
$373,778
$373.8K
Market Conditions
NOI Build-Up for 2,600 SF
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.
Gross rent
$51.5K $19.80/SF
− Vacancy
−$3.4K −$1.32/SF
EGI
$48.1K $18.48/SF
− OpEx
−$14.4K −$5.54/SF
NOI
$33.6K $12.94/SF
Area
Humboldt County, CA
Vacancy
6.65%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$672,800
Cap Rate 7%
$480,571
Cap Rate 9%
$373,778
Alternative Uses
Best Use
Multifamily LT 5
$480.6K
$420.5K – $560.7K
NOI $33,640 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$442.3K
$387.0K – $516.0K
NOI $30,960 @ 7.0% cap · market cap 5.20%
Theoretical Best
Flex RnD
$981.9K
$859.1K – $1.15M
NOI $68,731 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
91
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 residences combine an updated duplex with a privately positioned rear home and separately metered utilities.
Where is this triplex located?
The property is located at 1665 Ronald Avenue Fortuna, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Three residences totaling 2,600 square feet on a 0.41‑acre parcel; Rear home with 2 bedrooms, 2 bathrooms, owned solar, and attached garage; Two‑bedroom duplex units with remodeled bathrooms and updated kitchens
