8-Unit Apartment
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 Market94
Property Features for 1165 H Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
16
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 15, Bedroom 14, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 8, Bedroom 2, Bedroom 10, Bedroom 7, Bedroom 12, Bedroom 9, Bedroom 16, Bedroom 13, Bathroom 7, Bedroom 5, Bathroom 6, Bedroom 11, Bathroom 3, Bedroom 8, Bathroom 5, Bathroom 4
Parking features
Garage
Lot features
Bay View, In Town, Near Public Trans, 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
Sewer type
Public Sewer
Amenities
balcony
coin-op laundry
Building Details
Year built
1995
Floors in Building
2
Number of units
8
Roof type
Shingle
Architectural style
Other
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: Sep 13
Last Checked: Sep 26 at 2:06PM
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.
This 7,921-square-foot apartment property contains eight two-bedroom, one-bath residences within a building constructed in 1995. Every unit has its own garage and balcony, while selected residences offer bay views. On-site laundry includes coin-operated equipment, and four garages have washer and dryer hookups.
The property occupies 0.16 acres in Arcata, with the Arcata Plaza a short distance away and Cal Poly Humboldt minutes from the building. Multi-Family zoning and public sewer service support the existing residential configuration. A shingle roof, new hot water heaters, and recent repairs are also in place.
The property occupies 0.16 acres in Arcata, with the Arcata Plaza a short distance away and Cal Poly Humboldt minutes from the building. Multi-Family zoning and public sewer service support the existing residential configuration. A shingle roof, new hot water heaters, and recent repairs are also in place.
Key Highlights
- Eight 2‑bedroom/1‑bath apartment units in a 7,921‑square‑foot building
- Private garage and balcony assigned to each unit
- Coin‑operated laundry on site; w/d hookups in four garages
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
$94,321
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
5.27%
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%
$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
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
$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 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%
$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
Check the figures for this property
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 - Each residence includes a private garage and balcony.
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 2‑bedroom/1‑bath apartment units in a 7,921‑square‑foot building; Private garage and balcony assigned to each unit; Coin‑operated laundry on site; w/d hookups in four garages
