Triplex with Ready-to-Rent
For Sale
$349,000
Pending
1201 W Miner Ave, Stockton, CA 95205
Three-unit residential property with two occupied residences and one vacant unit prepared for leasing.
Property Size1,794 SF
Days on Market95
Property Features for 1201 W Miner Ave
General Information
Standard status
Pending
Size
1,794 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1917
Listing Agency:
Cornerstone Real Estate Group
(209) 323-2125
Listed By:
Joseph D. Colangelo · License #01982075
Source:
Thecentralvalleyhomesearch
Added: May 29
Changed: Aug 30
Last Checked: Aug 31 at 5:22PM
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 Cornerstone Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1917, this triplex contains three residential units totaling 1,794 square feet. Two units are occupied by long-term tenants, while the remaining unit is vacant and in ready-to-rent condition.
The property is located at 1201 W Miner Ave in Stockton, with proximity to freeways and local transportation. The existing tenant occupancy and available unit provide a straightforward overview of the current configuration for prospective buyers.
The property is located at 1201 W Miner Ave in Stockton, with proximity to freeways and local transportation. The existing tenant occupancy and available unit provide a straightforward overview of the current configuration for prospective buyers.
Key Highlights
- Three‑unit property totaling 1,794 square feet
- Two units occupied by long‑term tenants
- One vacant unit in ready‑to‑rent condition
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
$26,502
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
7.59%
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%
$530,040
$530.0K
Cap Rate 7%
$378,600
$378.6K
Cap Rate 9%
$294,467
$294.5K
Market Conditions
NOI Build-Up for 1,794 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
$39.8K $22.20/SF
− Vacancy
−$2.0K −$1.10/SF
EGI
$37.9K $21.10/SF
− OpEx
−$11.4K −$6.33/SF
NOI
$26.5K $14.77/SF
Area
ZIP 95205
Vacancy
4.94%
Lease Rate
$22.20 /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%
$530,040
Cap Rate 7%
$378,600
Cap Rate 9%
$294,467
Alternative Uses
Best Use
Multifamily LT 5
$378.6K
$331.3K – $441.7K
NOI $26,502 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$349.6K
$305.9K – $407.8K
NOI $24,470 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$476.1K
$416.6K – $555.4K
NOI $33,325 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 95205, CA
40,720
Population
11,722
Households
3.5
Avg Household Size
30
Median Age
5%
College-Educated
56%
High-School Grad
9.0 sq mi
ZIP Area
4,524
Density / Sq Mi
$58,138
Median Household Income
$32,253
Median Earnings
$1,264
Median Rent
$288,600
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?
Triplex - Three-unit residential property with two occupied residences and one vacant unit prepared for leasing.
Where is this triplex located?
The property is located at 1201 W Miner Ave Stockton, CA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Three‑unit property totaling 1,794 square feet; Two units occupied by long‑term tenants; One vacant unit in ready‑to‑rent condition
