Three-Home Residential Income
121 Elliot Street Woodland, CA 95695
121 Elliot Street, Woodland, CA, 95695
$870,000
Pending
For Sale
$870,000
Pending
Triplex with three detached 3-bedroom homes on one lot, each with its own garage, fenced yard, and in-unit laundry.
Property Size2,925 SF
Days on Market120
Property Features for 121 Elliot Street
General Information
- Standard status
- Pending
- Size
- 2,925 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1965
Listing agency
House 2 Home Properties
(925) 354-1063
Listed by
Robin L. Baimas · License #01240370
(925) 354-1063
Source
Exitrealty
Added: Mar 26 Updated: Jul 22 at 11:18PM Checked: Jul 22 at 11:18PM
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 House 2 Home Properties
Investment Insights
Based on property information with market context.
This triplex offers three individually metered detached residences, each featuring 3 bedrooms and 1 bathroom. The homes are approximately 975 square feet each and include a single-car garage, a private fenced yard, and in-unit laundry. Updates include one home fully renovated in 2025 with a new roof, windows, siding, granite counters, LVP flooring, and stainless-steel appliances, while the other two homes have updated roofs, paint, and electrical panels.
The property sits on a 17,424 square-foot lot and is fully leased. Professional maintenance is in place, and the offering includes access to a detailed rent roll and offering memorandum upon request.
Conveniently located just minutes from downtown Woodland, schools, shopping, UC Davis, I-5, and Hwy 113, this residential income property is positioned for investors seeking a managed, low-maintenance rental structure.
The property sits on a 17,424 square-foot lot and is fully leased. Professional maintenance is in place, and the offering includes access to a detailed rent roll and offering memorandum upon request.
Conveniently located just minutes from downtown Woodland, schools, shopping, UC Davis, I-5, and Hwy 113, this residential income property is positioned for investors seeking a managed, low-maintenance rental structure.
Key Highlights
- Triplex with three detached 3‑bedroom/1‑bath homes on one 17,424 SF lot
- Each home is approximately 975 SF with its own single‑car garage, private fenced yard, and in‑unit laundry
- One home fully renovated in 2025 with new roof, windows, siding, granite counters, LVP flooring, and stainless‑steel appliances
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.2k | $21.60 |
| − Vacancy | −$3.7k | −$1.25 |
| EGI | $59.5k | $20.35 |
| − OpEx | −$17.9k | −$6.10 |
| NOI | $41.7k | $14.24 |
2,925 SF · lease $21.60/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$595.2K
$520.8K – $694.4K
NOI $41,665 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$543.8K
$475.9K – $634.5K
NOI $38,068 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$789.2K
$690.6K – $920.8K
NOI $55,247 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with three detached 3-bedroom homes on one lot, each with its own garage, fenced yard, and in-unit laundry.
Where is this triplex located?
The property is located at 121 Elliot Street Woodland, CA.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Triplex with three detached 3‑bedroom/1‑bath homes on one 17,424 SF lot; Each home is approximately 975 SF with its own single‑car garage, private fenced yard, and in‑unit laundry; One home fully renovated in 2025 with new roof, windows, siding, granite counters, LVP flooring, and stainless‑steel appliances
