Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Remodeled 9-Unit Apartment Property Title is generated by Realmo AI

    20476 Marquette Street, Burney, CA 96013

    View on Map
    Claim this Listing
    For Sale
    $1,250,000

    MULTI_FAMILY - Burney, CA

    Added:
    Aug 6, 2025
    Days on Market:
    306
    Last Refresh:
    Jun 7 at 12:06 am

    Property Features for 20476 Marquette Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street
    Standard status
    Active
    APN
    028-200-067

    Utilities

    Cooling system
    Heat Pump

    Building Details

    Year built
    1975
    Floors in Building
    1
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    Cory Halter

    Listing agent Cory Halter License #1341624

    Listing office High Country Real Estate 37260 Mountain View, Burney, CA

    Listing date Aug 6, 2025

    MLS# 25-3601 Listing URL

    Copyright © 2026 Shasta 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.

    HighLights

    • Fully remodeled 9‑unit complex featuring eight 2‑bedroom and one 1‑bedroom apartments with high‑quality finishes.
    • Turnkey investment: Fully furnished units with stylish, matching furniture.
    • Enjoy individual mini‑split systems in every room for independent heating and cooling.
    • Newer metal roof and upgraded exterior finishes enhance curb appeal.
    • Convenient location directly across from Safeway.
    • Designated carport space for each unit with additional overflow parking.

    Overview

    This fully remodeled residential income property totals nine units between 20476 and 20480 Marquette Street. The mix includes eight 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Each home has been updated with new flooring, cabinetry, countertops, appliances, and energy-efficient LED lighting. Interiors are presented as turnkey, with each unit fully furnished. Comfort is supported by mini-split systems in every room, providing independent heating and cooling in both bedrooms and living areas, and the property also features a newer metal roof and upgraded exterior finishes.

    The buildings offer designated carport space per unit, with additional overflow parking available in front of the buildings. The location is convenient to everyday shopping, positioned just across the street from Safeway in Burney, CA.

    For investors or owner-operators seeking a low-maintenance asset, the combination of comprehensive interior remodels, energy-efficient systems, and turnkey furnishings can support straightforward leasing and consistent presentation. The unit mix also provides flexibility for tenants looking for either 2-bedroom or 1-bedroom layouts, while the on-site parking configuration helps reduce friction for renters.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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
    Burney
    County
    Shasta
    State
    California
    Longitude
    -121.659947
    Latitude
    40.883776

    Nearby Similar for Sale

    • $299,000
      2,990 SF

      Mixed-Use Property with Income Potential

      Mixed-use property featuring laundromat, apartment, and expansion possibilities.
      37146 Superior Avenue, Burney, CA 96013
      View Details
    • $330,000
      4,786 SF

      Mixed-Use Building on Corner Lot

      Freestanding mixed-use building with residential unit on a corner lot.
      37087 CA-299, Burney, CA 96013
      View Details
    • $325,000
      7,000 SF

      Burney Commercial Property For Sale

      Commercial property in Burney, California, formerly a lumber yard.
      37494 State Highway 299E, Burney, CA 96013
      View Details
    • $79,900
      780 SF

      Mountain Mobile Home Near Burney Falls

      Mobile home with fenced yard near Burney Falls.
      21638 Fairfield Street, Burney, CA 96013
      View Details
    • $350,000
      2,623 SF

      Freestanding Mixed-Use Corner Building

      Mixed-use building with retail, warehouse, and apartment spaces for rent.
      37087 CA-299, Burney, CA
      View Details

    FAQs

    What type of property is this?
    Apartment building - Turnkey 9-unit complex with furnished interiors, energy-efficient upgrades, and dedicated carport parking for easy day-to-day operations.
    Where is this apartment building located?
    The property is located at 20476 Marquette Street Burney, CA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Fully remodeled 9‑unit complex featuring eight 2‑bedroom and one 1‑bedroom apartments with high‑quality finishes.; Turnkey investment: Fully furnished units with stylish, matching furniture.; Enjoy individual mini‑split systems in every room for independent heating and cooling.
    (530) 318-1291
    We can help!
    Listing Contact
    Cory Halter
    Real Estate License ID: 1341624
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    20476 Marquette Street, Burney, CA 96013
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!