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Vallejo Triplex with Income Potential

734 Florida St Vallejo, CA 94590

734 Florida St, Vallejo, CA, 94590
$850,000
For Sale
Claim this Listing
$850,000

MULTI_FAMILY - Vallejo, CA

Property Size2,636 SF
Lot Size0.15 Acres
Price / SF$322.46
AddedFeb 27
Days on Market137
Last RefreshJul 14 at 1:06 pm

Property Features for 734 Florida St

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
8
Rooms
Bedroom 6, Bathroom 8, Bathroom 7, Bedroom 2, Bathroom 6, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 7, Bedroom 3
Parking features
Off Street, RV
Window features
Window Coverings
Interior features
Storage
Exterior features
Back Yard, Front Yard, Low Maintenance
Fencing
Fenced
Appliances
Gas Water Heater
Standard status
Active
APN
0056135120
Size
2,636 SF
Lot size
0.15 Acres

Utilities

Utilities
Cable Available
Heating system
Wall Furnace

Building Details

Year built
1905
Number of units
3
Flooring type
Tile, Laminate
Building materials
Stucco
Roof type
Composition
Additional Structures
Storage

Listing agent Ray J. Marquez License #01800314

Listing office EXP Realty of California, Inc 2603 Camino Ramon Ste 200, San Ramon, CA

Listing date Feb 27, 2026

MLS# 41125480 Listing URL

Copyright © 2026 Bay East. 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 centrally located triplex in Vallejo offers immediate income and long-term potential. The property at 734-738 Florida St features two 2-bedroom, 1-bathroom units and one 3-bedroom, 2-bathroom unit. Situated on a lot of 0.1455 acres, the 2,636 square foot property includes off-street parking, RV parking, and an attached garage. The property may offer expansion or ADU possibilities. Each unit has its own entrance and ample natural light. Cosmetic improvements could increase rents to market levels. Located near downtown Vallejo, the Vallejo Ferry Terminal with service to San Francisco, shopping, schools, major freeways, and public transportation, the property benefits from strong rental demand and commuter accessibility. This property is suitable for investors or owner-occupants, offering versatility and potential for income and appreciation.

Key Highlights

  • Triplex at 734‑738 Florida St with two 2BD/1BA units and one 3BD/2BA unit (buyer to verify)
  • Multiple private entrances and ample natural light across units
  • Generous lot with back and front yard, fenced perimeter, and low‑maintenance exterior features

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $77.5k $29.40
− Vacancy −$4.3k −$1.62
EGI $73.2k $27.78
− OpEx −$22.0k −$8.33
NOI $51.3k $19.45
2,636 SF · lease $29.40/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$732.4K
$640.8K – $854.4K (±1% cap)
NOI $51,265 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$657.8K
$575.6K – $767.4K (±1% cap)
NOI $46,044 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M (±1% cap)
NOI $89,803 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Kitchen & Bath Showroom Locksmith Florist Butcher Pharmacy Plumbing Service (Bike/Boat/Book/etc) Store Veterinary Clinic Clothing & Fashion Store (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Triplex - Centrally located Vallejo triplex with immediate income and long-term upside.
Where is this triplex located?
The property is located at 734 Florida St Vallejo, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Triplex at 734‑738 Florida St with two 2BD/1BA units and one 3BD/2BA unit (buyer to verify); Multiple private entrances and ample natural light across units; Generous lot with back and front yard, fenced perimeter, and low‑maintenance exterior features
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