Duplex with Separately Metered
For Sale
$334,900
1027 D Street, Eureka, CA 95501
Multi-Family, Eureka, CA
Property Size1,680 SF
Lot Size0.16 Acres
Price / SF$199.35
Days on Market284
Property Features for 1027 D Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Single Family
Bedrooms
1
Bathrooms
1
Rooms
Bedroom 1, Bathroom 1
Lot features
Flat
Elementary school
Agnes Johnson
Middle school
Fortuna
High school
Arcata
Elementary school district
Eureka
Middle school district
Eureka
High school district
Eureka
Directions
HWY-101/ Broadway St. to Clark St., Go East to D street Turn left. House on Right
Subdivision
South Bay
Standard status
Active
Size
1,680 SF
Lot size
0.16 Acres
Utilities
Sewer type
Public Sewer
Building Details
Year built
1890
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
California Real Estate
(707) 845-5988
Listed By:
Michael Pohl · License #01827171
(707) 599-3596
Added: Nov 12, 2025
Changed: Aug 19
Last Checked: Aug 23 at 10:06AM
MLS# 271064
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.
Investment Insights
Based on property information with market context.
This duplex-style property includes a primary residence with a second-story 1-bedroom, 1-bath ADU. The two units are separately metered for gas and electric, with a water heater for each unit. Interior updates include new carpet and freshly painted walls in the first-story primary residence, along with an indoor laundry room and appliances that stay.
The property is located close to downtown Eureka and features a garage/storage area with alley access. Outside, the home offers landscaping with hedgerows and multiple fruit trees, and the roof was replaced in 2014. A new forced-air heating unit is also noted in the improvements.
The property is located close to downtown Eureka and features a garage/storage area with alley access. Outside, the home offers landscaping with hedgerows and multiple fruit trees, and the roof was replaced in 2014. A new forced-air heating unit is also noted in the improvements.
Key Highlights
- Primary residence with a second‑story 1‑bedroom, 1‑bath ADU
- Separately metered gas and electric for the main home and ADU
- Roof replaced in 2014; shingle roof
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
$21,736
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
6.49%
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%
$434,720
$434.7K
Cap Rate 7%
$310,514
$310.5K
Cap Rate 9%
$241,511
$241.5K
Market Conditions
NOI Build-Up for 1,680 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
$33.3K $19.80/SF
− Vacancy
−$2.2K −$1.32/SF
EGI
$31.1K $18.48/SF
− OpEx
−$9.3K −$5.54/SF
NOI
$21.7K $12.94/SF
Area
Humboldt County, CA
Vacancy
6.65%
Lease Rate
$19.80 /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%
$434,720
Cap Rate 7%
$310,514
Cap Rate 9%
$241,511
Alternative Uses
Best Use
Multifamily LT 5
$310.5K
$271.7K – $362.3K
NOI $21,736 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$285.8K
$250.1K – $333.4K
NOI $20,005 @ 7.0% cap · market cap 5.97%
Theoretical Best
Flex RnD
$634.4K
$555.1K – $740.2K
NOI $44,411 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,027
Businesses Nearby
Explore this area
Business Placement
Demographics for 95501, CA
23,323
Population
10,577
Households
2.2
Avg Household Size
38
Median Age
34%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
3,195
Density / Sq Mi
$55,076
Median Household Income
$34,476
Median Earnings
$1,151
Median Rent
$389,900
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 - Two-level home with a separately metered 1-bedroom, 1-bath ADU, plus garage/storage and indoor laundry.
Where is this duplex located?
The property is located at 1027 D Street Eureka, CA.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Primary residence with a second‑story 1‑bedroom, 1‑bath ADU; Separately metered gas and electric for the main home and ADU; Roof replaced in 2014; shingle roof
