Duplex with On-Site
For Sale
$490,000
1217 Florida Street, Vallejo, CA 94590
Separate gas and electric service supports independent utility arrangements for the duplex.
Property Size1,128 SF
Price / SF$434.40
Days on Market73
Property Features for 1217 Florida Street
General Information
Standard status
Active
Size
1,128 SF
Property subtype
2 Houses on Lot
Units
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Additional Details
Utilities to Site
Yes
Amenities
laundry rooms
Building Details
Building Size
1,128 SF
Year Built
1922
Listing Agency:
Side
Listed By:
Marin's Finest
(415) 457-6000
Source:
Marinsfinest
Added: Aug 19
Changed: Oct 29
Last Checked: Oct 29 at 2:31PM
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 Side
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Investment Insights
Based on property information with market context.
Built in 1922, this 1,128-square-foot duplex has laundry rooms on both floors and separate gas and electric service. An additional accessory dwelling unit is located behind the property; it is unpermitted.
Parking is available at both the front and rear of the property.
Parking is available at both the front and rear of the property.
Key Highlights
- 1,128‑square‑foot duplex built in 1922
- Laundry rooms on both floors
- Separate gas and electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,937
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,740
$438.7K
Cap Rate 7%
$313,386
$313.4K
Cap Rate 9%
$243,744
$243.7K
Market Conditions
NOI Build-Up for 1,128 SF
Gross rent
$33.2K $29.40/SF
− Vacancy
−$1.8K −$1.62/SF
EGI
$31.3K $27.78/SF
− OpEx
−$9.4K −$8.33/SF
NOI
$21.9K $19.45/SF
Area
Vallejo, CA
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,740
Cap Rate 7%
$313,386
Cap Rate 9%
$243,744
Alternative Uses
Best Use
Multifamily LT 5
$313.4K
$274.2K – $365.6K
NOI $21,937 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$281.5K
$246.3K – $328.4K
NOI $19,703 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$549.0K
$480.4K – $640.5K
NOI $38,429 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,845
Businesses Nearby
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Business Placement
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric service supports independent utility arrangements for the duplex.
Where is this duplex located?
The property is located at 1217 Florida Street Vallejo, CA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 1,128‑square‑foot duplex built in 1922; Laundry rooms on both floors; Separate gas and electric service
