Versatile Duplex with
3005 Albee Street Eureka, CA 95501
3005 Albee Street, Eureka, CA, 95501
$325,000
For Sale
$325,000
MULTI_FAMILY - Other - Eureka, CA
Property Size1,941 SF
Lot Size0.12 Acres
Price / SF$167.44
Days on Market18
Property Features for 3005 Albee Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
- Standard status
- Active
- Size
- 1,941 SF
- Lot size
- 0.12 Acres
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1904
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Plank, Vinyl, Parquet Wood, Carpet
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Coldwell Banker Cutten Realty
(707) 445-8811
2120 Campton Road, Suite C, Eureka, CA
Listed by
Joe Matteoli · License #01227617
(707) 496-4561
Added: Jun 30 Checked: Jul 17 at 12:06 am
MLS# 272740
Listing URL
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 offers two separate residences with distinct layouts. The downstairs unit includes two bedrooms, one bathroom, a large kitchen, and a comfortable living room with access to a patio overlooking an expansive backyard. The upstairs unit is a one-bedroom, one-bath home that has been recently refreshed with newer kitchen cabinets, granite slab countertops, and newer luxury vinyl plank flooring.
The property is centrally located in Eureka and sits within multi-family zoning. An oversized backyard provides room for future site improvements, with convenient alley access to support vehicle or equipment access. Alley access may help facilitate plans such as a future garage or workshop, and there may also be scope for additional development; the buyer is responsible for verifying all possibilities with the appropriate agencies.
This configuration can fit owner-occupants who want to live in one unit while renting the other for supplemental income, as well as investors seeking a duplex in a multi-family zoned setting. With the upstairs unit recently refreshed and both homes oriented around indoor living space and an outdoor patio/backyard area, the property supports straightforward dual-residential use.
The property is centrally located in Eureka and sits within multi-family zoning. An oversized backyard provides room for future site improvements, with convenient alley access to support vehicle or equipment access. Alley access may help facilitate plans such as a future garage or workshop, and there may also be scope for additional development; the buyer is responsible for verifying all possibilities with the appropriate agencies.
This configuration can fit owner-occupants who want to live in one unit while renting the other for supplemental income, as well as investors seeking a duplex in a multi-family zoned setting. With the upstairs unit recently refreshed and both homes oriented around indoor living space and an outdoor patio/backyard area, the property supports straightforward dual-residential use.
Key Highlights
- Versatile Eureka duplex built in 1904 with two separate units
- Downstairs unit: 2 bedrooms, 1 bathroom, large kitchen, living room, and patio access overlooking the backyard
- Upstairs unit: recently refreshed 1‑bedroom, 1‑bath with newer kitchen cabinets, granite slab countertops, and luxury vinyl plank flooring
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.4k | $19.80 |
| − Vacancy | −$2.6k | −$1.32 |
| EGI | $35.9k | $18.48 |
| − OpEx | −$10.8k | −$5.54 |
| NOI | $25.1k | $12.94 |
1,941 SF · lease $19.80/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$358.8K
$313.9K – $418.6K
NOI $25,113 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$330.2K
$288.9K – $385.2K
NOI $23,113 @ 7.0% cap · market cap 7.11%
Theoretical Best
Flex RnD
$733.0K
$641.4K – $855.2K
NOI $51,310 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit residential income property with a patio view and alley-access backyard in Eureka’s multi-family zoning.
Where is this duplex located?
The property is located at 3005 Albee Street Eureka, CA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Versatile Eureka duplex built in 1904 with two separate units; Downstairs unit: 2 bedrooms, 1 bathroom, large kitchen, living room, and patio access overlooking the backyard; Upstairs unit: recently refreshed 1‑bedroom, 1‑bath with newer kitchen cabinets, granite slab countertops, and luxury vinyl plank flooring
