Updated Six-Bedroom
For Sale
$674,900
377 Evergreen Avenue, Arcata, CA 95518
Multi-Family, Arcata, CA
Property Size2,460 SF
Lot Size0.18 Acres
Price / SF$274.35
Days on Market46
Property Features for 377 Evergreen Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bedroom 1, Bathroom 6, Bathroom 3, Bedroom 4, Bathroom 5, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1
Interior features
Cathedral/Vault
Exterior features
Skylight
Appliances
Gas Stove
Lot features
Sloping, Steep
Directions
California to Evergreen, go to the very end.
Subdivision
North Bay
Standard status
Active
Size
2,460 SF
Lot size
0.18 Acres
Utilities
Sewer type
Public Sewer
Amenities
washer and dryer hookup
gas fireplace
dishwashers
storage basement
Building Details
Year built
2002
Floors in Building
2
Number of units
2
Flooring type
Carpet, Tile
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Cutten Realty · Coldwell Banker Real Estate
(707) 445-8811
Listed By:
Tracy Helard-Shumard · License #01204587
(707) 845-2448
Added: Aug 3
Changed: Sep 13
Last Checked: Sep 17 at 5:06AM
MLS# 273037
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 2,460-square-foot duplex contains two residences with a combined six bedrooms and six bathrooms. The larger unit has four bedrooms, each with a private en-suite bathroom, along with a living room, kitchen, and washer and dryer hookups. The second residence provides two bedrooms and two bathrooms, with a gas fireplace and recent interior paint and carpet updates. Tile and carpet flooring, dishwashers, double-pane windows, bathroom skylights, and fire sprinkler systems are included. A storage basement adds functional space, while the property is served by public sewer and has a shingle roof with a transferable 10-year warranty.
Set on a 0.18-acre lot in Arcata, the duplex is located just blocks from Cal Poly Humboldt and near shopping, restaurants, and public transportation. The property also provides ample off-street parking. Built in 2002, it includes an oversized foundation constructed beyond code requirements and imported tile and ceramic tile finishes.
Set on a 0.18-acre lot in Arcata, the duplex is located just blocks from Cal Poly Humboldt and near shopping, restaurants, and public transportation. The property also provides ample off-street parking. Built in 2002, it includes an oversized foundation constructed beyond code requirements and imported tile and ceramic tile finishes.
Key Highlights
- Two‑unit duplex with 2,460 square feet of total property size
- Combined six bedrooms and six bathrooms across both residences
- Four‑bedroom unit features private en‑suite bathrooms for every bedroom
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
$31,828
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
4.72%
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%
$636,560
$636.6K
Cap Rate 7%
$454,686
$454.7K
Cap Rate 9%
$353,644
$353.6K
Market Conditions
NOI Build-Up for 2,460 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
$48.7K $19.80/SF
− Vacancy
−$3.2K −$1.32/SF
EGI
$45.5K $18.48/SF
− OpEx
−$13.6K −$5.54/SF
NOI
$31.8K $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%
$636,560
Cap Rate 7%
$454,686
Cap Rate 9%
$353,644
Alternative Uses
Best Use
Multifamily LT 5
$454.7K
$397.9K – $530.5K
NOI $31,828 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$418.5K
$366.2K – $488.2K
NOI $29,293 @ 7.0% cap · market cap 4.34%
Theoretical Best
Flex RnD
$929.0K
$812.9K – $1.08M
NOI $65,030 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 residences offer private bedroom bathrooms, off-street parking, and proximity to Cal Poly Humboldt.
Where is this duplex located?
The property is located at 377 Evergreen Avenue Arcata, CA.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,460 square feet of total property size; Combined six bedrooms and six bathrooms across both residences; Four‑bedroom unit features private en‑suite bathrooms for every bedroom
