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    943 Ninth St Fortuna, CA 95540

    Sponsored
    For Sale
    Pending
    $650,000

    MULTI_FAMILY - Other - Fortuna, CA

    Property size:
    2,758 SF
    Lot size:
    0.13 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 11 at 3:06 pm

    Property Features for 943 Ninth St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Single Family
    Rooms
    Bedroom 5, Bedroom 2, Bathroom 4, Bedroom 6, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 2
    Bedrooms
    6
    Interior features
    Wood Stove, Dryer
    Appliances
    Dryer, Dining in Kitchen
    Size
    2,758 SF
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Wood Stove, Wood

    Building Details

    Year built
    1949
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Laminate, Hardwood, Vinyl, Carpet
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Lareesa Stanfield

    Landmark Real Estate (707) 725-2852

    Listing agent Lareesa Stanfield License #02070934

    Listing date Feb 11, 2026

    MLS# 270990 Listing URL

    Copyright © 2026 Humboldt 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

    Overview

    Income Producing Fortuna Multifamily Property

    Located in the heart of Fortuna, this property features a beautifully maintained main home with 3 bedrooms, 2 baths, and 1,472 square feet. The main home includes redwood siding and hardwood floors. The property also includes two separately metered units and additional bonus space, offering potential for multi-generational living, investment, or live/work flexibility. The additional units include a 732 square foot 2-bedroom, 1-bath unit, and a 554 square foot studio with a full bath and kitchenette. There is also a 235 square foot heated flex space suitable for a hobby, exercise, or office, and a 275 square foot renovated shop. The property includes a courtyard, mature landscaping, and a storage shed. The upstairs 2-bedroom, 1-bath unit features hardwood floors and natural light. The detached "flex space" includes a free-standing gas heater. The studio has alley access and private patio parking. The property is situated on a 0.13-acre lot.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Map

    City
    Fortuna
    County
    Humboldt
    State
    California
    Longitude
    -124.157262
    Latitude
    40.600159

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property with income potential in Fortuna, California.
    Where is this multifamily property located?
    The property is located at 943 Ninth St Fortuna, CA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Income-producing potential with multiple separately metered units ideal for rental or Airbnb.; - Versatile property suitable for multi-generational living, investment, or live/work arrangements.; - Maintained 3 bd/2 ba home with classic charm, redwood siding, and hardwood floors.
    (707) 496-5806
    Request Owner's contact information
    943 Ninth St Fortuna, CA 95540
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    Fortuna, CA 95540
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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
    943 Ninth St Fortuna, CA 95540
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    We can help!
    Listing Contact
    Lareesa Stanfield
    Real Estate License ID: 02070934
    (707) 496-5806
    Learn more
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