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    Income-Producing Triplex on Large Lot Title is generated by Realmo AI

    2048 10th Street, Oroville, CA 95965

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    For Sale
    $705,000

    Triplex - Oroville, CA

    Type:Triplex
    Property size:
    4,335 SF
    Lot size:
    87,556.00 Acres
    Price / SF:
    $162/SF
    Added:
    Jun 29, 2025
    Days on Market:
    322
    Last Refresh:
    May 16 at 1:06 am

    Property Features for 2048 10th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Zoning
    AR
    Bedrooms
    10
    Bathrooms
    6
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry, Living Room
    Parking
    5
    Parking features
    Carport, Garage
    Window features
    Double Pane Windows
    Interior features
    Granite Counters, Open Floorplan, Pantry, Recessed Lighting, Parking, Carbon Monoxide Detector(s), Window Features: Double Pane Windows, Screens
    Exterior features
    Fence, Community Features Included: Biking, Fishing, Hiking, Watersports, 2-5 Units/Acre
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    031190016000
    Size
    4,335 SF
    Lot size
    87,556.00 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1948
    Floors in Building
    1
    Number of units
    5
    Flooring type
    Carpet, Laminate
    Building materials
    Stucco, Wood Siding
    Roof type
    Composition, Metal, Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    Glenn Arace

    Listing agent Glenn Arace License #00939077

    Listing office Table Mountain Realty, Inc. 3400 Oro Dam Blvd. East, Oroville, CA

    Listing date Jun 29, 2025

    MLS# OR25128295 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, 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

    • Income‑producing property with two single‑family residences and one triplex.
    • Spacious and private 2‑acre lot.
    • Newest single‑family home built in 2024 with modern open‑concept design.
    • All units are currently tenant‑occupied, providing immediate cash flow.
    • Conveniently located close to local amenities, schools, and commuter routes.
    • Community features include biking, fishing, hiking, and watersports.

    Overview

    This income-producing property features two single-family residences and one triplex, situated on a 2.01-acre lot. The newest single-family home, built in 2024, showcases a modern open-concept design and a generous backyard. The additional units provide rental income, with all units currently tenant-occupied. The property offers flexibility and potential for expanding a portfolio or multi-generational living. The property is conveniently accessible, being close to local amenities, schools, and commuter routes. The property offers immediate cash flow. The property size is 4,335 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Accounting Firm Department Store Bar & Pub Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Oroville
    County
    Plumas
    State
    California
    Longitude
    -121.5869016
    Latitude
    39.5203434

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    FAQs

    What type of property is this?
    Triplex - Income property featuring two single-family homes and one triplex.
    Where is this triplex located?
    The property is located at 2048 10th Street Oroville, CA.
    What is the asking price?
    The asking price for this property is $705,000.
    What are key features of this property?
    This property features: Income‑producing property with two single‑family residences and one triplex.; Spacious and private 2‑acre lot.; Newest single‑family home built in 2024 with modern open‑concept design.
    (530) 370-6061
    We can help!
    Listing Contact
    Glenn Arace
    Real Estate License ID: 00939077
    Learn More
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    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
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