Triplex with Carport
For Sale
$2,149,000
1826 Higdon AVE, Mountain View, CA 94041
Residential Income (2-4 units), MOUNTAIN VIEW, CA
Property Size2,875 SF
Lot Size0.23 Acres
Price / SF$747.48
Days on Market75
Property Features for 1826 Higdon AVE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R3-2*
Bedrooms
9
Rooms
Bedroom 3, Bedroom 4, Bedroom 8, Bedroom 9, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 7
Parking
3
Parking features
Carport
Appliances
Oven Range, Refrigerator
Subdivision
Downtown Mountain View
Standard status
Active
Size
2,875 SF
Lot size
0.23 Acres
Utilities
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1962
Number of units
3
Flooring type
Tile
Listing Agency:
Intero Real Estate Services
(650) 931-8300
Listed By:
Hugo De Hoyos · License #01153534
(650) 281-9585
Added: Jun 10
Changed: Aug 20
Last Checked: Aug 23 at 5:06AM
MLS# ML82032686
Copyright © 2026 MLS Listings, Inc. 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 Mountain View triplex contains 2,875 square feet across three residential units, each arranged with 3 bedrooms and 1 bathroom. The property was built in 1962 and includes tile flooring, electric heating, refrigerator and oven-range appliances, and carport parking. Public water serves the property, which is positioned on a 0.2283-acre lot.
Located at 1826 Higdon Avenue in Mountain View, the property is near Downtown Mountain View and major technology employers including Google, LinkedIn, and Microsoft. The R3-2* zoning designation and three-unit layout provide the defining characteristics of this residential income property.
Located at 1826 Higdon Avenue in Mountain View, the property is near Downtown Mountain View and major technology employers including Google, LinkedIn, and Microsoft. The R3-2* zoning designation and three-unit layout provide the defining characteristics of this residential income property.
Key Highlights
- Three‑unit multifamily property with 2,875 square feet
- Each unit includes 3 bedrooms and 1 bathroom
- Situated on a 0.2283‑acre lot
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
$64,090
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
2.98%
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%
$1,281,800
$1.3M
Cap Rate 7%
$915,571
$915.6K
Cap Rate 9%
$712,111
$712.1K
Market Conditions
NOI Build-Up for 2,875 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
$96.6K $33.60/SF
− Vacancy
−$5.0K −$1.75/SF
EGI
$91.6K $31.85/SF
− OpEx
−$27.5K −$9.55/SF
NOI
$64.1K $22.29/SF
Area
Santa Clara County, CA
Vacancy
5.22%
Lease Rate
$33.60 /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%
$1,281,800
Cap Rate 7%
$915,571
Cap Rate 9%
$712,111
Alternative Uses
Best Use
Multifamily LT 5
$915.6K
$801.1K – $1.07M
NOI $64,090 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$780.7K
$683.1K – $910.8K
NOI $54,648 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$1.74M
$1.52M – $2.02M
NOI $121,498 @ 7.0% cap · market cap 5.65%
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
1,242
Businesses Nearby
Explore this area
Business Placement
Demographics for 94041, CA
15,604
Population
7,383
Households
2.1
Avg Household Size
36
Median Age
73%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
9,753
Density / Sq Mi
$168,980
Median Household Income
$96,520
Median Earnings
$2,927
Median Rent
$2,000,001
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 residential units offer a shared multifamily configuration with public water service and electric heating.
Where is this triplex located?
The property is located at 1826 Higdon AVE Mountain View, CA.
What is the asking price?
The asking price for this property is $2,149,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 2,875 square feet; Each unit includes 3 bedrooms and 1 bathroom; Situated on a 0.2283‑acre lot
