Updated Duplex with Separate
For Sale
$525,000
659 S 7th Street, Colton, CA 92324
Colton, CA
Property Size1,444 SF
Lot Size0.15 Acres
Price / SF$363.57
Days on Market110
Property Features for 659 S 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Family Room, Laundry Room, Bedroom 4, Bedroom 1
Parking features
Driveway
Lot features
Corner Lot, 0-1 Unit/ Acre
View
City
Elementary school district
Colton Unified
Middle school district
Colton Unified
High school district
Colton Unified
Directions
Cross: Maple
Subdivision
273 - Colton
Standard status
Active
APN
0163172500000
Size
1,444 SF
Lot size
0.15 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Amenities
driveway parking
storage shed
Building Details
Year built
1925
Floors in Building
1
Number of units
2
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Andrew Poland Villagomez · License #02185251
(760) 686-3725
Added: Jun 3
Changed: Sep 18
Last Checked: Sep 20 at 8:06PM
MLS# OC26120368
Copyright © 2026 California Regional Multiple Listing Service, Inc. 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 contains two independent residences, each configured with 2 bedrooms and 1 bathroom. The 1,444-square-foot property was built in 1925 and includes separate gas, water, and electric meters for each home. One residence will be delivered vacant after updates that include flooring, baseboards, kitchen cabinetry, quartz countertops, bathroom tile, and lighting. The other home is tenant-occupied and offers additional room for cosmetic improvements. Both units have newer roofs.
Situated on a 0.153-acre lot in Colton, the property provides driveway parking and a storage shed. Public water and public sewer serve the site, and heating is provided by wall furnaces. The property is not subject to rent control, and FHA, Conventional, and VA financing eligibility is stated in the listing information.
Situated on a 0.153-acre lot in Colton, the property provides driveway parking and a storage shed. Public water and public sewer serve the site, and heating is provided by wall furnaces. The property is not subject to rent control, and FHA, Conventional, and VA financing eligibility is stated in the listing information.
Key Highlights
- Two 2‑bedroom, 1‑bath residences in a single duplex
- 1,444 square feet on a 0.153‑acre lot
- Separate gas, water, and electric meters for each unit
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
$14,726
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
2.80%
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%
$294,520
$294.5K
Cap Rate 7%
$210,371
$210.4K
Cap Rate 9%
$163,622
$163.6K
Market Conditions
NOI Build-Up for 1,444 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
$22.4K $15.48/SF
− Vacancy
−$1.3K −$0.91/SF
EGI
$21.0K $14.57/SF
− OpEx
−$6.3K −$4.37/SF
NOI
$14.7K $10.20/SF
Area
San Bernardino County, CA
Vacancy
5.89%
Lease Rate
$15.48 /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%
$294,520
Cap Rate 7%
$210,371
Cap Rate 9%
$163,622
Alternative Uses
Best Use
Multifamily LT 5
$210.4K
$184.1K – $245.4K
NOI $14,726 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$182.6K
$159.8K – $213.1K
NOI $12,784 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$304.6K
$266.5K – $355.4K
NOI $21,321 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 92324, CA
58,626
Population
19,150
Households
3.1
Avg Household Size
33
Median Age
16%
College-Educated
75%
High-School Grad
27.8 sq mi
ZIP Area
2,109
Density / Sq Mi
$69,419
Median Household Income
$36,956
Median Earnings
$1,600
Median Rent
$413,100
Median Home Value
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent homes support flexible owner-occupant or rental arrangements with driveway parking and a storage shed.
Where is this duplex located?
The property is located at 659 S 7th Street Colton, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath residences in a single duplex; 1,444 square feet on a 0.153‑acre lot; Separate gas, water, and electric meters for each unit
