8-Unit Apartment Building with
For Sale
$1,790,000
1165 H Street, Arcata, CA 95521
Multi-Family, Arcata, CA
Property Size7,921 SF
Lot Size0.16 Acres
Price / SF$225.98
Days on Market105
Property Features for 1165 H Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Zoning description
Multi-Family
Bedrooms
16
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 13, Bedroom 7, Bedroom 2, Bedroom 16, Bathroom 1, Bedroom 9, Bathroom 5, Bedroom 4, Bathroom 3, Bedroom 14, Bedroom 6, Bathroom 8, Bedroom 3, Bathroom 6, Bedroom 15, Bedroom 1, Bedroom 10, Bathroom 2, Bathroom 4, Bedroom 5, Bedroom 8, Bedroom 12, Bedroom 11, Bathroom 7
Parking features
Garage, Covered
Window features
Double Pane Windows
Lot features
Bay View, In Town, Near Public Transit, Near Shopping
High school
Arcata
Subdivision
North Bay
Standard status
Active
APN
021-091-005
Size
7,921 SF
Lot size
0.16 Acres
Utilities
Heating system
Wall Furnace, Natural Gas
Amenities
balcony
coin-op laundry
Building Details
Year built
1995
Floors in Building
2
Number of units
8
Roof type
Shingle
Listing Agency:
Coldwell Banker Sellers Realty · Coldwell Banker Real Estate
(707) 822-4337
Listed By:
Belia Stephens · License #02191038
(707) 476-0678
Added: Jun 25
Changed: Oct 7
Last Checked: Oct 7 at 10:06AM
MLS# 272692
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.
Built in 1995, this 7,921-square-foot apartment property contains eight residences, each configured with two bedrooms and one bathroom. Every unit has a private garage and balcony. Coin-operated laundry is available on site, and four garages have washer and dryer hookups. Recent property work includes a new roof, hot water heaters, and repairs. The building is heated by natural gas wall furnaces and has a shingle roof.
The 0.16-acre property is in Arcata, a few blocks from the Arcata Plaza and minutes from Cal Poly Humboldt. Select apartments have bay views. The property is zoned Multi-Family.
The 0.16-acre property is in Arcata, a few blocks from the Arcata Plaza and minutes from Cal Poly Humboldt. Select apartments have bay views. The property is zoned Multi-Family.
Key Highlights
- Eight apartments, each with 2 bedrooms and 1 bathroom
- 7,921 square feet on a 0.16‑acre parcel
- Individual garages and balconies for all eight residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,321
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,886,420
$1.9M
Cap Rate 7%
$1,347,443
$1.3M
Cap Rate 9%
$1,048,011
$1.0M
Market Conditions
NOI Build-Up for 7,921 SF
Gross rent
$184.4K $23.28/SF
− Vacancy
−$12.9K −$1.63/SF
EGI
$171.5K $21.65/SF
− OpEx
−$77.2K −$9.74/SF
NOI
$94.3K $11.91/SF
Area
Humboldt County, CA
Vacancy
7.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,886,420
Cap Rate 7%
$1,347,443
Cap Rate 9%
$1,048,011
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,321 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.99M
$2.62M – $3.49M
NOI $209,391 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
Explore this area
Business Placement
Demographics for 95521, CA
21,581
Population
9,797
Households
2.2
Avg Household Size
30
Median Age
45%
College-Educated
95%
High-School Grad
60.4 sq mi
ZIP Area
357
Density / Sq Mi
$54,324
Median Household Income
$24,129
Median Earnings
$1,300
Median Rent
$478,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight two-bedroom residences include individual balconies, with on-site coin-operated laundry and garage hookups in four units.
Where is this apartment building located?
The property is located at 1165 H Street Arcata, CA.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Eight apartments, each with 2 bedrooms and 1 bathroom; 7,921 square feet on a 0.16‑acre parcel; Individual garages and balconies for all eight residences
