Stockton Duplex Investment
For Sale
Contact for pricing
1147 N Monroe St, Stockton, CA 95203
Well-located, fully occupied duplex generating immediate income in Stockton, CA.
Property Size1,664 SF
Price / SF$281.78
Days on Market174
Property Features for 1147 N Monroe St
General Information
Standard status
Active
Size
1,664 SF
Class
C
Property subtype
Multifamily
Zoning
Duplex
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$27,930
Building Details
Year Built
1947
Buildings
1
Stories
1
Units
2
Listing Agency:
LPT Realty
(916) 730-3846
Listed By:
Ron Benning · License #CA 01058898
Source:
Crexi
Added: Feb 20
Changed: Aug 8
Last Checked: Aug 11 at 11:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty
Investment Insights
Based on property information with market context.
This duplex in Stockton presents an investment opportunity with immediate income potential. The property is fully occupied, with each of the two units featuring 2 bedrooms and 1 bathroom. Each unit is rented for $1,650 per month, resulting in a gross scheduled income of $39,600. The layout is designed to provide privacy between the units, enhancing their long-term rental appeal. Situated in a central Stockton neighborhood, the property benefits from its proximity to schools, parks, shopping, dining options, the Miracle Mile, the University of the Pacific, and public transportation. It also offers convenient access to Highway 99, I-5, and major commuter routes. This location is known for attracting consistent tenant demand due to its accessibility and affordability. The property size is 1,664 square feet. This duplex offers a blend of income and flexibility in a high-demand rental market.
Key Highlights
- Immediate cash flow potential with existing tenants and a gross scheduled income of $39,600.
- Fully occupied duplex, providing immediate income for investors.
- Well‑located in central Stockton, close to schools, parks, shopping, dining, and the University of the Pacific.
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
$23,295
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
4.97%
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%
$465,900
$465.9K
Cap Rate 7%
$332,786
$332.8K
Cap Rate 9%
$258,833
$258.8K
Market Conditions
NOI Build-Up for 1,664 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
$35.9K $21.60/SF
− Vacancy
−$2.7K −$1.60/SF
EGI
$33.3K $20.00/SF
− OpEx
−$10.0K −$6.00/SF
NOI
$23.3K $14.00/SF
Area
Stockton, CA
Vacancy
7.41%
Lease Rate
$21.60 /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%
$465,900
Cap Rate 7%
$332,786
Cap Rate 9%
$258,833
Alternative Uses
Best Use
Multifamily LT 5
$332.8K
$291.2K – $388.3K
NOI $23,295 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$289.3K
$253.2K – $337.5K
NOI $20,252 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$450.0K
$393.7K – $525.0K
NOI $31,499 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,598
Businesses Nearby
Explore this area
Business Placement
Demographics for 95203, CA
18,064
Population
5,858
Households
3.1
Avg Household Size
34
Median Age
17%
College-Educated
69%
High-School Grad
6.2 sq mi
ZIP Area
2,914
Density / Sq Mi
$64,710
Median Household Income
$32,927
Median Earnings
$1,248
Median Rent
$349,800
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 - Well-located, fully occupied duplex generating immediate income in Stockton, CA.
Where is this duplex located?
The property is located at 1147 N Monroe St Stockton, CA.
What is the asking price?
The asking price for this property is $468,888.
What are key features of this property?
This property features: Immediate cash flow potential with existing tenants and a gross scheduled income of $39,600.; Fully occupied duplex, providing immediate income for investors.; Well‑located in central Stockton, close to schools, parks, shopping, dining, and the University of the Pacific.
