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    The Largest CRE Database in the US with Over 1 Million Listings

    402 Greenhorn Rd Yreka, CA 96097

    Sponsored
    For Sale
    $449,000

    Residential, Country - Yreka, CA

    Property size:
    1,488 SF
    Lot size:
    3.92 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 21 at 3:06 am

    Property Features for 402 Greenhorn Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    Exterior features
    Landscaping, Lawn, Rv Parking
    Appliances
    Range, Refrigerator
    Size
    1,488 SF
    Lot size
    3.92 Acres

    Utilities

    Heating system
    Oil
    Cooling system
    Other (Cooling), Wall/Window Unit(s)

    Building Details

    Year built
    1950
    Number of units
    3
    Flooring type
    Carpet, Other, Vinyl
    Building materials
    Other, See Remarks, Wood Siding
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Kainoa Ferguson
    Kainoa Ferguson

    Century 21 Advantage (530) 926-2100

    Listing agent Kainoa Ferguson (530) 926-2100 License #01419892

    Listing date Feb 17, 2026

    MLS# 20260135 Listing URL

    Copyright © 2026 Siskiyou 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.

    Learn more

    Property Insight Report

    Overview

    Versatile Income Property on 3.9 Acres

    This income property is set on 3.9 private acres with views of Greenhorn Reservoir & Park. The property includes a 1,488 square foot main home with 3 bedrooms, plus a separate duplex. Each unit has its own garage and independent electric meters. The duplex offers two well-maintained units, one approximately 700 square feet and the other approximately 550 square feet, each with 1 bed and 1 bath, washer/dryer hookups, newer LVP flooring installed in 2022, and long-term tenants. One unit includes newer windows, water filtration, and a newer refrigerator under warranty. The main home has been updated with 2023 mini-splits, an updated bath with a walk-in jetted tub and marble vanity, smart smoke/CO alarms, and new downstairs lighting. An upstairs workshop provides flexible bonus space. The property also features 50+ mature trees, a fenced yard and garden, chicken coop, tool shed, workshop space, two driveways, and ample parking for RVs or trailers. There is additional open space with future potential. The property is located under 2 miles from the hospital, clinic, town, lake, and park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Yreka
    County
    Siskiyou
    State
    California
    Longitude
    -122.6497375
    Latitude
    41.7129719

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    FAQs

    What type of property is this?
    Multifamily property - Income property with main home, duplex, and potential.
    Where is this multifamily property located?
    The property is located at 402 Greenhorn Rd Yreka, CA.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: - Income-producing property: 3-bedroom main house and separate duplex with two 1-bedroom units.; - Situated on 3.9 private acres with views of Greenhorn Reservoir & Park.; - Separate garages and independent electric meters for each unit.
    (530) 926-2100
    Request Owner's contact information
    402 Greenhorn Rd Yreka, CA 96097
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    Yreka, CA 96097
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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.

    More about this property
    402 Greenhorn Rd Yreka, CA 96097
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    We can help!
    Listing Contact
    Kainoa Ferguson
    Kainoa Ferguson
    Real Estate License ID: 01419892
    (530) 926-2100 (530) 859-1542
    Learn more
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