Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1976 Myrtle Ave Eureka, CA 95501

    View on Map
    Sponsored
    For Sale
    $3,300,000

    MULTI_FAMILY - Other - Myrtletown, CA

    Property size:
    20,610 SF
    Lot size:
    1.34 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 27 at 11:06 pm

    Property Features for 1976 Myrtle Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 5, Bathroom 1
    Bathrooms
    5
    Size
    20,610 SF
    Lot size
    1.34 Acres

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    2007
    Floors in Building
    2
    Number of units
    18
    Flooring type
    Tile, Carpet
    Building materials
    Cement Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Dean Wilson

    Ming Tree Realty of McKinleyville

    Listing agent Dean Wilson License #01433560

    Listing date Mar 27, 2026

    MLS# 271881

    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.

    Learn more

    Property Insight Report

    Overview

    Myrtletown Triplexes For Sale

    This property features six triplexes situated on a single parcel, totaling 18 units. The buildings are reported to be in excellent condition. Each unit includes at least a single-car garage equipped with laundry hook-ups, while four units offer the added convenience of two-car garages. The property is located in Myrtletown, CA, with a total building size of 20610 square feet and a lot size of 1.34 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Del Rey Ground ... Consultant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eureka
    County
    Humboldt
    State
    California
    Longitude
    -124.134629
    Latitude
    40.790053

    Nearby Similar for Sale

    • $420,000
      3,790 SF

      Eureka Commercial Space in Henderson

      Versatile 3,790 SF commercial space in Eureka's Henderson Center.
      524 Henderson St, Eureka, CA 95501
      View Details
    • $569,000
      1,059 SF

      Eureka Commercial Office Buildings Package

      Two office buildings in downtown Eureka, great for professional uses.
      304 L St, Eureka, CA 95501
      View Details
    • $1,450,000
      9,846 SF

      Eureka Commercial Property with Potential

      Versatile commercial property in Old Town Eureka with income potential.
      218 D St, Eureka, CA 95501
      View Details
    • $1,400,000
      8,870 SF

      Remodeled Commercial Building in Eureka

      Remodeled 8,870 SF commercial building on high-traffic corner.
      341 Harris St, Eureka, CA 95503
      View Details
    • $399,000
      2,474 SF

      Eureka Commercial Property on Broadway

      High-visibility commercial property on Broadway, ideal for various business ventures.
      637 Broadway St, Eureka, CA 95501
      View Details
    • $1,200,000
      11,000 SF

      Eureka Retail Building on Highway

      Multi-tenant retail building with high visibility and income potential.
      401 5Th St, Eureka, CA 95501
      View Details
    • New
      $525,000
      2,509 SF

      Eureka Triplex with Income Potential

      Well-maintained triplex in Eureka with strong rental income potential.
      1141 Cousins St, Eureka, CA 95501
      View Details
    • $299,000
      1,800 SF

      Eureka Commercial Building on Highway

      Turnkey restaurant opportunity with high visibility on Highway 101.
      1134 5Th St, Eureka, CA 95501
      View Details
    • $469,000
      4,000 SF

      Eureka Mixed-Use Investment Property

      Mixed-use property with four units and high-traffic location.
      318 W Harris St, Eureka, CA 95503
      View Details
    • $445,000
      2,188 SF

      Multifamily Property with Development Potential

      Multifamily property featuring homes, shop, and development potential.
      1937 Ridgewood Dr, Eureka, CA 95503
      View Details
    • $3,300,300
      22,000 SF

      Eureka Commercial Property on Highway

      Commercial property with two buildings and highway frontage in Eureka.
      2029 Broadway, Eureka, CA 95501
      View Details
    • New
      $599,000
      1,664 SF

      Eureka Duplex with Garage

      Well-maintained duplex in Eureka with garages and outdoor space.
      4479 Excelsior Rd, Eureka, CA 95503
      View Details

    FAQs

    What type of property is this?
    Triplex - Six triplexes, 18 units total, in excellent condition.
    Where is this triplex located?
    The property is located at 1976 Myrtle Ave Eureka, CA.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: - 18 total units in excellent condition, offering immediate rental income potential.; - Six triplexes on a single parcel, simplifying management.; - Each unit includes at least a single-car garage with laundry hook-ups.
    (707) 839-1521
    Request Owner's contact information
    1976 Myrtle Ave Eureka, CA 95501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1976 Myrtle Ave
    Eureka, CA 95501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1976 Myrtle Ave Eureka, CA 95501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dean Wilson
    Real Estate License ID: 01433560
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!