Vallejo Triplex with Income
734 Florida St, Vallejo, CA 94590
MULTI_FAMILY - Vallejo, CA
Property size:
2,636 SFLot size:
0.15 AcresPrice / SF:
$322/SF- Added:
- Feb 27, 2026
- Days on Market:
- 92
- Last Refresh:
- May 30 at 5:06 am
Property Features for 734 Florida St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 8
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 5, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 3, Bedroom 2, Bathroom 7, Bedroom 4, Bathroom 6, Bedroom 1, Bedroom 7, Bathroom 1, Bathroom 8
- 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
- Laminate, Tile
- Building materials
- Stucco
- Roof type
- Composition
- Additional Structures
- Storage
Listing agent Ray J. Marquez (925) 575-7605
Listing office EXP Realty of California, Inc 2603 Camino Ramon Ste 200, San Ramon, CA (888) 584-9427
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.
HighLights
- Centrally located triplex in Vallejo with immediate income potential.
- Strong rental flexibility with two 2BD/1BA units and one 3BD/2BA unit.
- Ideal for house hacking or investment with steady cash flow potential.
- Generous lot with off‑street parking, RV parking, and attached garage; potential for expansion or ADU.
- Convenient location near downtown, ferry terminal to San Francisco, shopping, schools, freeways, and public transportation.
- Value‑add opportunity with potential to increase rents to market levels with cosmetic improvements.
Overview
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.
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
NOI $51,265 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$657.8K
$575.6K – $767.4K
NOI $46,044 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,803 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Vallejo
- County
- Solano
- State
- California
- Longitude
- -122.253598
- Latitude
- 38.105317
Nearby Similar for Sale
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: Centrally located triplex in Vallejo with immediate income potential.; Strong rental flexibility with two 2BD/1BA units and one 3BD/2BA unit.; Ideal for house hacking or investment with steady cash flow potential.
