Two-Unit Duplex With
For Sale
$399,995
115 Ponderosa Way, Colfax, CA 95713
Two homes include updated finishes, dedicated laundry areas, and parking for multiple vehicles, RVs, or boats.
Property Size1,040 SF
Price / SF$384.61
Days on Market32
Property Features for 115 Ponderosa Way
General Information
Standard status
Active
Size
1,040 SF
Property subtype
Land
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$43,800
Highway Access
Yes
Building Details
Year Built
1955
Listing Agency:
Lpt Realty, Inc
(916) 622-5341
Listed By:
Inspired Real Estate Group Inc
(916) 622-5341
Source:
Inspiredrealestategroup
Added: Jul 29
Changed: Aug 28
Last Checked: Aug 28 at 6:51AM
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, Inc
Investment Insights
Based on property information with market context.
This duplex property includes two separate homes on an approximately 1/2-acre lot, with a listed property size of 1,040 square feet. The first residence offers two bedrooms and one bathroom, vinyl flooring, a kitchen with a stove, refrigerator, and granite countertops, plus a separate laundry room with a washer, dryer, and storage. The second home has one bedroom and one bathroom, refinished original hardwood floors in the living area and bedroom, a kitchen range, and a basement laundry area with washer, dryer, and storage.
Property maintenance is described as current, with electrical work completed and a new septic system serving unit 2. The site also provides parking for multiple cars, an RV, or a boat. Located on Ponderosa Way in Colfax, the property offers freeway access for commuters and was built in 1955.
Property maintenance is described as current, with electrical work completed and a new septic system serving unit 2. The site also provides parking for multiple cars, an RV, or a boat. Located on Ponderosa Way in Colfax, the property offers freeway access for commuters and was built in 1955.
Key Highlights
- Two homes on an approximately 1/2‑acre lot
- Unit 1: 2 bedrooms, 1 bath, vinyl flooring, granite counters, and separate laundry
- Unit 2: 1 bedroom, 1 bath, refinished original hardwood floors, and basement laundry
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
$17,557
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
4.39%
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%
$351,140
$351.1K
Cap Rate 7%
$250,814
$250.8K
Cap Rate 9%
$195,078
$195.1K
Market Conditions
NOI Build-Up for 1,040 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
$26.5K $25.44/SF
− Vacancy
−$1.4K −$1.32/SF
EGI
$25.1K $24.12/SF
− OpEx
−$7.5K −$7.24/SF
NOI
$17.6K $16.88/SF
Area
Placer County, CA
Vacancy
5.20%
Lease Rate
$25.44 /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%
$351,140
Cap Rate 7%
$250,814
Cap Rate 9%
$195,078
Alternative Uses
Best Use
Multifamily LT 5
$250.8K
$219.5K – $292.6K
NOI $17,557 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$228.9K
$200.3K – $267.0K
NOI $16,022 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$402.6K
$352.3K – $469.7K
NOI $28,183 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 95713, CA
9,156
Population
4,164
Households
2.2
Avg Household Size
48
Median Age
28%
College-Educated
93%
High-School Grad
60.8 sq mi
ZIP Area
151
Density / Sq Mi
$91,329
Median Household Income
$47,179
Median Earnings
$1,520
Median Rent
$480,200
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 homes include updated finishes, dedicated laundry areas, and parking for multiple vehicles, RVs, or boats.
Where is this duplex located?
The property is located at 115 Ponderosa Way Colfax, CA.
What is the asking price?
The asking price for this property is $399,995.
What are key features of this property?
This property features: Two homes on an approximately 1/2‑acre lot; Unit 1: 2 bedrooms, 1 bath, vinyl flooring, granite counters, and separate laundry; Unit 2: 1 bedroom, 1 bath, refinished original hardwood floors, and basement laundry
