Renovated Duplex
For Sale
$649,900
2529 Baldwin Street, Arcata, CA 95521
Multi-Family, Arcata, CA
Property Size2,319 SF
Lot Size0.21 Acres
Price / SF$280.25
Days on Market34
Property Features for 2529 Baldwin Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Single Family
Bedrooms
2
Bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2
Lot features
Flat, Open
Elementary school
Arcata
Middle school
Sunnybrae
High school
Arcata
Elementary school district
Arcata
Middle school district
Arcata
High school district
Arcata
Directions
Alliance to Stromberg to Baldwin
Subdivision
North Bay
Standard status
Active
Size
2,319 SF
Lot size
0.21 Acres
Utilities
Sewer type
Public Sewer
Building Details
Year built
1975
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
Community Realty / dc
(707) 269-2400
Listed By:
Don Chin · License #01239495
(707) 499-4446
Added: Jul 29
Changed: Aug 19
Last Checked: Aug 31 at 3:06PM
MLS# 272975
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.
Investment Insights
Based on property information with market context.
This one-story residential property offers 2,319 square feet with five bedrooms and three bathrooms. The layout includes a two-bedroom ADU, a large rear bonus room, and spaces that can function as two separate living areas. Recent improvements include a shingle roof, vinyl and carpet flooring, interior paint, lighting fixtures, a range hood, seamless gutters, and landscaping. The home also features a living room, family room with built-in shelving and exposed beams, a decorative fireplace area, and two storage sheds.
Set on a 0.21-acre lot in Arcata, the property is near schools, shopping, a coffee shop, a neighborhood park with a playground, and gas stations. Public sewer serves the property, which was built in 1975 and is zoned Single Family.
Set on a 0.21-acre lot in Arcata, the property is near schools, shopping, a coffee shop, a neighborhood park with a playground, and gas stations. Public sewer serves the property, which was built in 1975 and is zoned Single Family.
Key Highlights
- 2,319‑square‑foot one‑story property with 5 bedrooms and 3 bathrooms
- Two‑bedroom ADU supports a two‑living‑space configuration
- Large rear bonus room suited for an art studio or guest quarters
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
$30,004
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
4.62%
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%
$600,080
$600.1K
Cap Rate 7%
$428,629
$428.6K
Cap Rate 9%
$333,378
$333.4K
Market Conditions
NOI Build-Up for 2,319 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
$45.9K $19.80/SF
− Vacancy
−$3.1K −$1.32/SF
EGI
$42.9K $18.48/SF
− OpEx
−$12.9K −$5.54/SF
NOI
$30.0K $12.94/SF
Area
Humboldt County, CA
Vacancy
6.65%
Lease Rate
$19.80 /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%
$600,080
Cap Rate 7%
$428,629
Cap Rate 9%
$333,378
Alternative Uses
Best Use
Multifamily LT 5
$428.6K
$375.1K – $500.1K
NOI $30,004 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$394.5K
$345.2K – $460.2K
NOI $27,614 @ 7.0% cap · market cap 4.25%
Theoretical Best
Flex RnD
$875.8K
$766.3K – $1.02M
NOI $61,303 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 95521, CA
21,581
Population
9,797
Households
2.2
Avg Household Size
30
Median Age
45%
College-Educated
95%
High-School Grad
60.4 sq mi
ZIP Area
357
Density / Sq Mi
$54,324
Median Household Income
$24,129
Median Earnings
$1,300
Median Rent
$478,600
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?
Duplex - One-story residential property with an ADU, bonus room, updated finishes, and flexible two-living-space configuration.
Where is this duplex located?
The property is located at 2529 Baldwin Street Arcata, CA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2,319‑square‑foot one‑story property with 5 bedrooms and 3 bathrooms; Two‑bedroom ADU supports a two‑living‑space configuration; Large rear bonus room suited for an art studio or guest quarters
