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    Multifamily Cabin Property Title is generated by Realmo AI

    355 Lawrence Street, Quincy, CA 95971

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    Picture of Apartment buildings at 355 Lawrence Street, Quincy, CA
    For Sale
    $750,000

    MULTI_FAMILY - Quincy, CA

    Property size:
    441 SF
    Lot size:
    0.65 Acres
    Price / SF:
    $1,700/SF
    Added:
    Apr 13, 2026
    Days on Market:
    53
    Last Refresh:
    Jun 4 at 3:06 am

    Property Features for 355 Lawrence Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    C1
    Rooms
    Kitchen
    Window features
    Double Pane Windows
    Patio and Porch features
    Porch
    Interior features
    Gas Range Connection, Stall Shower
    Exterior features
    Porch
    Standard status
    Active
    APN
    115-022-041
    Size
    441 SF
    Lot size
    0.65 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Public Sewer
    Heating system
    Propane (Heating)

    Building Details

    Year built
    1929
    Floors in Building
    1
    Number of units
    11
    Flooring type
    Laminate
    Building materials
    Frame, Wood Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Rick Fletcher

    Listing agent Rick Fletcher License #02037570

    Listing office QUINCY REAL ESTATE & PROPERTY MGMT 90 CHURCH STREET, QUINCY, CA

    Listing date Apr 13, 2026

    MLS# 2600284 Listing URL

    Copyright © 2026 Plumas 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.

    HighLights

    • 10 separate downtown Quincy cabins—7 are 1 bed/1 bath and 3 are 2 bed/1 bath
    • Scheduled rents total $7,395/month
    • Utilities are metered separately for each cabin
    • Additional storage building included
    • Metal roof and frame construction with wood siding
    • Propane heating; public sewer

    Overview

    The property consists of 10 separate cabins configured as seven one-bedroom, one-bath units and three two-bedroom, one-bath units. Each unit has utilities metered separately, supporting individual tenant accountability for utilities. In addition to the cabins, there is an extra storage building on site, providing space to support day-to-day operations.

    The cabins are located at 355 Lawrence Street in Quincy, California, within Plumas County. The property is zoned C1. A lot size of 0.65 acres is indicated for the site, and the listing identifies the current scheduled rents as $7,395 per month.

    This configuration can fit buyers seeking a multifamily structure built around smaller, self-contained cabin units with separate utility metering. The mix of unit types—primarily one-bedroom layouts with a smaller number of two-bedroom options—may support tenant variety, while the on-site storage building adds practical support for resident and property needs. The C1 zoning designation provides a framework for how the property may be utilized under local requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Plumas
    State
    California
    Longitude
    -120.945414
    Latitude
    39.938189

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    FAQs

    What type of property is this?
    Apartment building - Ten separately metered cabins include one- and two-bedroom units plus an additional storage building in a C1-zoned setting.
    Where is this apartment building located?
    The property is located at 355 Lawrence Street Quincy, CA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 10 separate downtown Quincy cabins—7 are 1 bed/1 bath and 3 are 2 bed/1 bath; Scheduled rents total $7,395/month; Utilities are metered separately for each cabin
    (530) 283-9657
    We can help!
    Listing Contact
    Rick Fletcher
    Real Estate License ID: 02037570
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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