Duplex Property with
For Sale
$539,000
2695 Newburg Road, Fortuna, CA 95540
Multi-Family, Fortuna, CA
Property Size1,287 SF
Lot Size0.73 Acres
Price / SF$418.80
Days on Market92
Property Features for 2695 Newburg Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Single Family
Bedrooms
1
Bathrooms
1
Rooms
Bedroom 1, Bathroom 1
Interior features
Ceiling Fan
Lot features
Flat, Sloping
View
Hills
Middle school
Fortuna
High school
Arcata
Elementary school district
Fortuna
Middle school district
Fortuna
High school district
Fortuna
Subdivision
Mid County
Standard status
Active
Size
1,287 SF
Lot size
0.73 Acres
Utilities
Sewer type
Public Sewer
Building Details
Year built
1883
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Cutten Realty · Coldwell Banker Real Estate
(707) 445-8811
Listed By:
Jain Tuey · License #02111052
(707) 499-3428
Added: Jun 5
Changed: Sep 3
Last Checked: Sep 4 at 6:06AM
MLS# 272507
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 duplex property includes a 3-bedroom, 1-bath home with a dining area adjoining the kitchen, family room, front living room, and enclosed rear patio. The patio has a solarium-style design suited to gardening, outdoor relaxation, or seasonal use. Interior improvements include fresh paint, carpet and laminate flooring, ceiling fans, and a shingle roof.
A separate 1-bedroom, 1-bath manufactured home adds flexibility for multigenerational living, guests, or potential rental income. The approximately 0.73-acre parcel also provides a fenced upper field, large shop, and two storage sheds, with one shed assigned to each residence. Public sewer serves the property, which is zoned Single Family and located near Newburg Park and the police station in Fortuna.
A separate 1-bedroom, 1-bath manufactured home adds flexibility for multigenerational living, guests, or potential rental income. The approximately 0.73-acre parcel also provides a fenced upper field, large shop, and two storage sheds, with one shed assigned to each residence. Public sewer serves the property, which is zoned Single Family and located near Newburg Park and the police station in Fortuna.
Key Highlights
- Two residences: a 3‑bedroom, 1‑bath home and a 1‑bedroom, 1‑bath manufactured home
- Approximately 0.73 acres with a fenced upper field
- Large shop plus two storage sheds, with one serving each home
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
$16,652
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
3.09%
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%
$333,040
$333.0K
Cap Rate 7%
$237,886
$237.9K
Cap Rate 9%
$185,022
$185.0K
Market Conditions
NOI Build-Up for 1,287 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
$25.5K $19.80/SF
− Vacancy
−$1.7K −$1.32/SF
EGI
$23.8K $18.48/SF
− OpEx
−$7.1K −$5.54/SF
NOI
$16.7K $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%
$333,040
Cap Rate 7%
$237,886
Cap Rate 9%
$185,022
Alternative Uses
Best Use
Multifamily LT 5
$237.9K
$208.2K – $277.5K
NOI $16,652 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$218.9K
$191.6K – $255.4K
NOI $15,325 @ 7.0% cap · market cap 2.84%
Theoretical Best
Flex RnD
$486.0K
$425.3K – $567.0K
NOI $34,022 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 95540, CA
14,055
Population
6,087
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
88%
High-School Grad
34.1 sq mi
ZIP Area
412
Density / Sq Mi
$62,346
Median Household Income
$37,309
Median Earnings
$1,135
Median Rent
$362,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences share a fenced acreage setting with an enclosed patio, equipment shop, and detached storage.
Where is this duplex located?
The property is located at 2695 Newburg Road Fortuna, CA.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Two residences: a 3‑bedroom, 1‑bath home and a 1‑bedroom, 1‑bath manufactured home; Approximately 0.73 acres with a fenced upper field; Large shop plus two storage sheds, with one serving each home
