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    Historic Victorian Multifamily Building Title is generated by Realmo AI

    1005 E Street, Eureka, CA 95501

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    Claim this Listing
    For Sale
    $495,000

    MULTI_FAMILY - Other - Eureka, CA

    Property size:
    2,410 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $205/SF
    Added:
    Apr 25, 2026
    Days on Market:
    51
    Last Refresh:
    Jun 14 at 4:06 am

    Property Features for 1005 E Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Single Family
    Interior features
    Ceiling Fan
    Standard status
    Active
    Size
    2,410 SF
    Lot size
    0.15 Acres

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1883
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Vinyl, Wood, Carpet
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Eric Cecchin
    Eric Cecchin

    Listing agent Eric Cecchin License #01200438

    Listing office Forbes & Associates - Eric Cecchin 1807 Central Avenue, CA

    Listing date Apr 25, 2026

    MLS# 272129 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.

    HighLights

    • 1883 Victorian home with period details including pocket doors, high ceilings, archways, and original fireplace and mantle
    • 6 separately metered apartments in the home, generating $4,800/month in total income
    • Upper apartment offers views out to the bay
    • Overlooks the Eureka Heritage Society Gardens
    • Interior features include ceiling fan; flooring includes vinyl, wood, and carpet
    • Public sewer and shingle roof

    Overview

    This historic Victorian multifamily building features original architectural details throughout, including clear fir flooring, pocket doors, period hardware dating to 1883, bay windows, high ceilings, archways, and an original detailed fireplace and mantle. The property is configured as six separately metered apartments, described as two main units with additional apartments, each with its own character and charm.

    Located at 1005 E Street in Eureka, CA 95501, the home overlooks the Eureka Heritage Society Gardens. Public remarks also note that the property is walkable to town and an Old Town location.

    As a for-sale residential income property, this building offers an investor or owner-operator the ability to manage multiple individually metered units under one roof. The layout and finishes highlighted in the listing—along with the stated tenant preference for the home’s beauty, charm, and walkability—support a tenant experience centered on historic character and livability.

    Local Financial Insights For Apartment 5plus

    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 $56.1k $23.28
    − Vacancy −$3.9k −$1.63
    EGI $52.2k $21.65
    − OpEx −$23.5k −$9.74
    NOI $28.7k $11.91
    2,410 SF · lease $23.28/SF/yr · vacancy 7.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $410.0K
    $358.7K – $478.3K (±1% cap)
    NOI $28,698 @ 7.0% cap · market cap 5.80%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Flex RnD
    $910.1K
    $796.4K – $1.06M (±1% cap)
    NOI $63,708 @ 7.0% cap · market cap 12.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Eureka
    County
    Humboldt
    State
    California
    Longitude
    -124.165691
    Latitude
    40.797381

    FAQs

    What type of property is this?
    Apartment building - Six separately metered apartments in a historic Victorian, with period details and garden/bay views.
    Where is this apartment building located?
    The property is located at 1005 E Street Eureka, CA.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 1883 Victorian home with period details including pocket doors, high ceilings, archways, and original fireplace and mantle; 6 separately metered apartments in the home, generating $4,800/month in total income; Upper apartment offers views out to the bay
    More about this property
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