19-Unit Mixed-Use Property

For Sale

$1,100,000

1055 Main Street, Fortuna, CA 95540

Multi-Family, Fortuna, CA

Property Size9,462 SF

Lot Size0.15 Acres

Price / SF$116.25

Days on Market168

Property Features for 1055 Main Street

General Information

Property type Residential Multi Family

Property subtype Other

Zoning Commercial

Bedrooms 12

Bathrooms 6

Full bathrooms 12

Half bathrooms 11

Rooms Bathroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 9, Bedroom 8, Bathroom 11, Bedroom 10, Bathroom 9, Bedroom 5, Bathroom 12, Bathroom 7, Bedroom 7, Bedroom 6, Bathroom 10, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 6, Bedroom 11, Bathroom 8, Bedroom 2, Bedroom 12

Lot features Flat

Directions Corner of Main & 11th

Subdivision Mid County

Standard status Active

Size 9,462 SF

Lot size 0.15 Acres

Utilities

Sewer type Public Sewer

Building Details

Year built 1916

Floors in Building 2

Number of units 3

Flooring type Laminate, Vinyl, Tile, Carpet

Architectural style Other

Listing Agency: Coldwell Banker Cutten Realty · Coldwell Banker Real Estate

Listed By: Tina Christensen · License #00476701

Added: Apr 30 Changed: Oct 13 Last Checked: Oct 14 at 4:06PM

MLS# 272179

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 mixed-use property contains 19 residential and commercial units across 9,462 square feet. Fourteen units are occupied, while five are vacant. The property was built in 1916 and sits on a 0.15-acre lot. Interior flooring includes laminate, vinyl, tile, and carpet, and the property is served by public sewer.

The site occupies the corner of Main Street and 11th in Fortuna. Commercial zoning applies to the property.

Key Highlights

19 units, with residential and commercial space
14 units occupied and 5 vacant
9,462 square feet on a 0.15‑acre lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$95,803

Cap Rate

8.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,916,060 $1.9M

Cap Rate 7%

$1,368,614 $1.4M

Cap Rate 9%

$1,064,478 $1.1M

Market Conditions

NOI Build-Up for 9,462 SF

Gross rent

$170.3K $18.00/SF

− Vacancy

−$17.0K −$1.80/SF

EGI

$153.3K $16.20/SF

− OpEx

−$57.5K −$6.07/SF

NOI

$95.8K $10.13/SF

Area

Humboldt County, CA

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,916,060

Cap Rate 7%

$1,368,614

Cap Rate 9%

$1,064,478

Alternative Uses

Best Use

Apartment 5plus

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,671 @ 7.0% cap · market cap 10.24%

Second Best

Mixed Use

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $95,803 @ 7.0% cap · market cap 8.71%

Theoretical Best

Flex RnD

$3.57M

$3.13M – $4.17M (±1% cap)

NOI $250,128 @ 7.0% cap · market cap 22.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

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