Duplex with Metal
For Sale
$329,000
906-908 North St, McCloud, CA 96057
INCOME PROPERTY, Classic, McCloud, CA
Property Size2,500 SF
Lot Size0.28 Acres
Price / SF$131.60
Days on Market858
Property Features for 906-908 North St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3
Exterior features
Shed
Fireplace
1
Appliances
Range, Refrigerator, Washer
Subdivision
McCloud
Standard status
Active
Size
2,500 SF
Lot size
0.28 Acres
Utilities
Heating system
Wood Stove, Wood
Amenities
wood stove
laundry room
breakfast nook
underground sprinkler system
garage
picket fence
Building Details
Number of units
2
Roof type
Metal
Architectural style
Other
Listing Agency:
Elite Real Estate Group
(530) 938-0200
Listed By:
Matthew Bryan · License #02032265
(530) 859-2156
Added: Apr 16, 2024
Changed: Aug 19
Last Checked: Aug 21 at 6:06AM
MLS# 20240386
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.
Investment Insights
Based on property information with market context.
This converted duplex offers two large, single-story apartments configured in an above/below arrangement. Each unit features 2 bedrooms and 1 bathroom, along with approximately 1,250 square feet per apartment. Interior amenities include a wood stove, a breakfast nook, and a laundry room. The home includes a metal roof and new siding, and fireplaces are listed for the property. Exterior features include a shed and classic picket fencing.
Set on a larger 0.28-acre lot at the corner of Mill Rd and North St, the property is surrounded by lawn and garden space. An underground sprinkler system is included, along with an old garage.
With complete appliances listed (range, refrigerator, and washer) and wood heating, the layout is suited to owner-occupant or multi-unit living while retaining the character of a historic mill-town setting.
Set on a larger 0.28-acre lot at the corner of Mill Rd and North St, the property is surrounded by lawn and garden space. An underground sprinkler system is included, along with an old garage.
With complete appliances listed (range, refrigerator, and washer) and wood heating, the layout is suited to owner-occupant or multi-unit living while retaining the character of a historic mill-town setting.
Key Highlights
- 0.28‑acre lot at the corner of Mill Rd and North St
- Converted duplex with two single‑story apartments in an above/below arrangement
- About 1,250 SF per unit, each with 2 bedrooms and 1 bathroom
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
$22,114
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
6.72%
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%
$442,280
$442.3K
Cap Rate 7%
$315,914
$315.9K
Cap Rate 9%
$245,711
$245.7K
Market Conditions
NOI Build-Up for 2,500 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
$33.0K $13.20/SF
− Vacancy
−$1.4K −$0.56/SF
EGI
$31.6K $12.64/SF
− OpEx
−$9.5K −$3.79/SF
NOI
$22.1K $8.85/SF
Area
Siskiyou County, CA
Vacancy
4.27%
Lease Rate
$13.20 /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%
$442,280
Cap Rate 7%
$315,914
Cap Rate 9%
$245,711
Alternative Uses
Best Use
Multifamily LT 5
$315.9K
$276.4K – $368.6K
NOI $22,114 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$292.6K
$256.1K – $341.4K
NOI $20,485 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$735.4K
$643.5K – $858.0K
NOI $51,480 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 96057, CA
1,202
Population
927
Households
1.3
Avg Household Size
61
Median Age
24%
College-Educated
90%
High-School Grad
106.5 sq mi
ZIP Area
11
Density / Sq Mi
$46,250
Median Household Income
$33,359
Median Earnings
$983
Median Rent
$317,600
Median Home Value
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 - Converted duplex with two single-story apartments, wood stoves, and a metal roof on a corner lot in McCloud.
Where is this duplex located?
The property is located at 906-908 North St McCloud, CA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 0.28‑acre lot at the corner of Mill Rd and North St; Converted duplex with two single‑story apartments in an above/below arrangement; About 1,250 SF per unit, each with 2 bedrooms and 1 bathroom
