Duplex with Attached
For Sale
$439,000
335 C Street, Fields Landing, CA 95537
Multi-Family, Fields Landing, CA
Property Size1,836 SF
Lot Size0.21 Acres
Price / SF$239.11
Days on Market162
Property Features for 335 C Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Single Family
Bedrooms
4
Bathrooms
1
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Parking features
Garage
Lot features
Flat
Subdivision
South Bay
Standard status
Active
Size
1,836 SF
Lot size
0.21 Acres
Utilities
Sewer type
Public Sewer
Amenities
washer/dryer hookups
private deck
fully fenced yard
Building Details
Year built
1997
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Cutten Realty · Coldwell Banker Real Estate
(707) 445-8811
Listed By:
Joe Matteoli · License #01227617
(707) 496-4561
Added: Mar 24
Changed: Aug 19
Last Checked: Sep 1 at 8:06PM
MLS# 271847
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.
Built in 1997, this duplex contains 1,836 square feet across two residential units. The larger unit includes three bedrooms, 1.5 bathrooms, a spacious living room, sliding glass doors, and access to a private deck. The second unit offers one bedroom, one bathroom, and generous living space. Both units have attached garages and washer/dryer hookups.
The property occupies 0.21 acres with an oversized, fully fenced yard. Vinyl and carpet flooring, a shingle roof, and public sewer service are among the existing improvements. Its Fields Landing setting places the property near Humboldt Bay, with access to Highway 101, Eureka, and nearby coastal recreation.
The property occupies 0.21 acres with an oversized, fully fenced yard. Vinyl and carpet flooring, a shingle roof, and public sewer service are among the existing improvements. Its Fields Landing setting places the property near Humboldt Bay, with access to Highway 101, Eureka, and nearby coastal recreation.
Key Highlights
- 1,836 square feet across a two‑unit duplex
- Primary unit includes 3 bedrooms and 1.5 bathrooms
- Second unit offers 1 bedroom and 1 bathroom
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
$23,755
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
5.41%
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%
$475,100
$475.1K
Cap Rate 7%
$339,357
$339.4K
Cap Rate 9%
$263,944
$263.9K
Market Conditions
NOI Build-Up for 1,836 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
$36.4K $19.80/SF
− Vacancy
−$2.4K −$1.32/SF
EGI
$33.9K $18.48/SF
− OpEx
−$10.2K −$5.54/SF
NOI
$23.8K $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%
$475,100
Cap Rate 7%
$339,357
Cap Rate 9%
$263,944
Alternative Uses
Best Use
Multifamily LT 5
$339.4K
$296.9K – $395.9K
NOI $23,755 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$312.3K
$273.3K – $364.4K
NOI $21,863 @ 7.0% cap · market cap 4.98%
Theoretical Best
Flex RnD
$693.4K
$606.7K – $808.9K
NOI $48,535 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 95537, CA
313
Population
105
Households
3
Avg Household Size
36
Median Age
17%
College-Educated
100%
High-School Grad
0.3 sq mi
ZIP Area
1,043
Density / Sq Mi
$76,116
Median Household Income
$23,364
Median Earnings
$360,300
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 - Two-unit property with distinct floor plans, private outdoor space, and washer/dryer hookups.
Where is this duplex located?
The property is located at 335 C Street Fields Landing, CA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 1,836 square feet across a two‑unit duplex; Primary unit includes 3 bedrooms and 1.5 bathrooms; Second unit offers 1 bedroom and 1 bathroom
