Updated Triplex with
For Sale
$250,000
239 Siskiyou Street, Tulelake, CA 96134
Residential Income, Tulelake, CA
Property Size1,610 SF
Lot Size0.52 Acres
Price / SF$155.28
Days on Market25
Property Features for 239 Siskiyou Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
R
Parking features
Driveway, On Street, Alley
Lot features
Fenced
Elementary school
Check with District
Middle school
Check with District
High school
Check with District
Directions
Town of Tulelake, make a right on B Street, Right on Siskiyou
Standard status
Active
APN
050031040
Size
1,610 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
533
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
washer and dryer hookups
private fenced yard
storage shed
additional storage building
Building Details
Floors in Building
1
Number of units
3
Building materials
Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Fisher Nicholson Realty, LLC
(541) 884-1717
Listed By:
Evonne Woods-Quesada · License #201226309
(541) 678-0847
Added: Aug 12
Changed: Aug 30
Last Checked: Sep 5 at 7:06PM
MLS# 220226923
Copyright © 2026 Oregon Data Share. 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 0.52-acre residential property combines a triplex with a separate duplex in Tulelake. The triplex has received updates over approximately the past 10 years, including a metal roof, electrical work, foundation improvements, and interior remodeling. All three units are occupied by long-term tenants. Each unit has washer and dryer hookups, a private fenced yard, and a storage shed.
The separate duplex has been gutted for renovation, creating a distinct improvement component within the property. An additional storage building is included, along with a sizable open area that can accommodate parking or RV storage. Public water and public sewer serve the property, with on-street, alley, and driveway parking features. The listed building size is 1,610 square feet, and construction is frame with a metal roof.
The separate duplex has been gutted for renovation, creating a distinct improvement component within the property. An additional storage building is included, along with a sizable open area that can accommodate parking or RV storage. Public water and public sewer serve the property, with on-street, alley, and driveway parking features. The listed building size is 1,610 square feet, and construction is frame with a metal roof.
Key Highlights
- Triplex and separate duplex on a 0.52‑acre property
- Triplex units are fully occupied by long‑term tenants
- Triplex updates include metal roof, electrical, foundation, and remodeling work
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
$14,241
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
5.70%
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%
$284,820
$284.8K
Cap Rate 7%
$203,443
$203.4K
Cap Rate 9%
$158,233
$158.2K
Market Conditions
NOI Build-Up for 1,610 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
$21.3K $13.20/SF
− Vacancy
−$907 −$0.56/SF
EGI
$20.3K $12.64/SF
− OpEx
−$6.1K −$3.79/SF
NOI
$14.2K $8.85/SF
Area
Siskiyou County, CA
Vacancy
4.27%
Lease Rate
$13.20 /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%
$284,820
Cap Rate 7%
$203,443
Cap Rate 9%
$158,233
Alternative Uses
Best Use
Multifamily LT 5
$203.4K
$178.0K – $237.4K
NOI $14,241 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$188.5K
$164.9K – $219.9K
NOI $13,192 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$473.6K
$414.4K – $552.6K
NOI $33,153 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 96134, CA
2,028
Population
1,031
Households
2
Avg Household Size
40
Median Age
18%
College-Educated
79%
High-School Grad
329.5 sq mi
ZIP Area
6
Density / Sq Mi
$47,609
Median Household Income
$34,853
Median Earnings
$718
Median Rent
$162,800
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 - Income-producing residential property with occupied units, renovation potential, private yards, storage, and flexible parking areas.
Where is this triplex located?
The property is located at 239 Siskiyou Street Tulelake, CA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Triplex and separate duplex on a 0.52‑acre property; Triplex units are fully occupied by long‑term tenants; Triplex updates include metal roof, electrical, foundation, and remodeling work
