Remodeled Four-Unit
For Sale
$739,000
Pending
123 S Airport Way, Stockton, CA 95205
Four updated two-bedroom residences share a consistent one-bathroom layout and established rental configuration.
Property Size2,640 SF
Days on Market130
Property Features for 123 S Airport Way
General Information
Standard status
Pending
Size
2,640 SF
Property subtype
Multi-Family
Building Details
Year Built
1986
Listing Agency:
Cornerstone Real Estate Group
Listed By:
Joseph D. Colangelo · License #01982075
(209) 323-2125
Source:
Homesofgreatersacramento
Added: Jun 9
Changed: Oct 1
Last Checked: Oct 16 at 9:00AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1986, this quadplex contains four remodeled residential units, each arranged with two bedrooms and one bathroom. The property includes a recently replaced roof, adding a significant capital improvement to the existing structure.
The asset is located at 123 S Airport Way in Stockton, with access to shopping, dining, schools, and major commuter routes. Its four-unit configuration provides a straightforward multifamily format for an owner seeking an established residential income property.
The asset is located at 123 S Airport Way in Stockton, with access to shopping, dining, schools, and major commuter routes. Its four-unit configuration provides a straightforward multifamily format for an owner seeking an established residential income property.
Key Highlights
- Four remodeled 2‑bedroom, 1‑bathroom units
- Recently replaced roof
- Built in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,999
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,980
$780.0K
Cap Rate 7%
$557,129
$557.1K
Cap Rate 9%
$433,322
$433.3K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$58.6K $22.20/SF
− Vacancy
−$2.9K −$1.10/SF
EGI
$55.7K $21.10/SF
− OpEx
−$16.7K −$6.33/SF
NOI
$39.0K $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 Rate 5%
$779,980
Cap Rate 7%
$557,129
Cap Rate 9%
$433,322
Alternative Uses
Best Use
Multifamily LT 5
$557.1K
$487.5K – $650.0K
NOI $38,999 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$514.4K
$450.1K – $600.2K
NOI $36,009 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$700.6K
$613.0K – $817.4K
NOI $49,041 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,014
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four updated two-bedroom residences share a consistent one-bathroom layout and established rental configuration.
Where is this quadplex located?
The property is located at 123 S Airport Way Stockton, CA.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Four remodeled 2‑bedroom, 1‑bathroom units; Recently replaced roof; Built in 1986
