Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    940 East St Lafayette, CA 94549

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,395,000

    Well-maintained triplex in downtown Lafayette with investment potential.

    Type:Investment
    Property size:
    2,974 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $469/SF
    Added:
    Mar 23, 2026
    Days on Market:
    47
    Last Refresh:
    Mar 20 at 12:20 pm

    Property Features for 940 East St

    General Information

    Standard status
    Active
    Size
    2,974 SF
    Lot size
    0.15 Acres
    Property subtype
    Investment

    Building Details

    Year Built
    1949

    We can help!

    Listing Contact
    Steve Kehrig

    Listing agent Steve Kehrig License #01410377

    Listing office

    Listing date Mar 23, 2026

    Source Elliman

    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 Steve Kehrig

    HighLights

    • Prime downtown Lafayette location near shops, restaurants, BART, and freeways.
    • Triplex property offering investment income potential.
    • Three well‑appointed units totaling 2,974 sq ft.
    • Recently installed foam roofing system (October 2023).
    • Spacious shared yard, expansive lawn, and paver patio.
    • Ideal for owner‑occupants to live in one unit and rent the others.

    Overview

    Downtown Lafayette Triplex Opportunity

    Located in downtown Lafayette at 940 East Street, this triplex presents an investment opportunity. The property features three units totaling approximately 2,974 square feet. Unit A includes 2 bedrooms and 1 bathroom within 1,066 square feet, Unit B offers 2 bedrooms and 1 bathroom across 1,093 square feet, and Unit C features 1 bedroom, 1 bathroom, and a den within 815 square feet. The property is suitable for investors or owner-occupants looking to generate income. The location provides access to downtown Lafayette's shops, restaurants, and amenities, as well as BART and major freeways. A foam roofing system was installed in October 2023. Outdoor spaces include a shared yard, an expansive lawn area, and a paver patio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Contra Costa
    State
    California
    Longitude
    -122.1194043
    Latitude
    37.889119

    Nearby Similar for Sale

    • $2,350,000
      4,314 SF

      Lafayette Two-Home Compound on Acre

      Two homes on one acre in Lafayette, California.
      1603 Reliez Valley Road, Lafayette, CA 94549
      View Details
    • $2,498,000
      4,314 SF

      Lafayette Two-Home Compound with Views

      Rare compound with two homes, views, and recreation area.
      1603 Reliez Valley Rd, Lafayette, CA 94549
      View Details
    • Contact for pricing
      25,789 SF

      Lafayette Office Building For Sale

      25,789 SF office building in Lafayette downtown core.
      3687 Mount Diablo Boulevard, Lafayette, CA, 94549
      View Details
    • $950,000
      1,540 SF

      Lafayette Medical/Office Building For Sale

      Standalone medical/office building in central Lafayette location.
      3511 School St, Lafayette, CA
      View Details
    • Contact for pricing
      8,282 SF

      Moraga Road Retail Opportunity

      8,282 SF retail property in Lafayette, California.
      990 Moraga Rd, Lafayette, CA
      View Details
    • Contact for pricing
      1,600 SF

      Single-Tenant Retail Building For Sale

      Single-tenant retail building leased through August of 2027.
      986 Moraga Rd, Lafayette, CA
      View Details
    • Contact for pricing
      4,765 SF

      Lafayette Retail Condominiums For Sale

      Retail condominiums fronting Mt. Diablo Boulevard in downtown Lafayette, CA.
      3660-3682 Mt Diablo Blvd, Lafayette, CA
      View Details
    • Contact for pricing
      25,789 SF

      Lafayette Owner/User Opportunity

      25,789 SF office building in desirable Lafayette location.
      3687 Mount Diablo Blvd, Lafayette, CA 94549
      View Details

    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex in downtown Lafayette with investment potential.
    Where is this triplex located?
    The property is located at 940 East St Lafayette, CA.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: Prime downtown Lafayette location near shops, restaurants, BART, and freeways.; Triplex property offering investment income potential.; Three well‑appointed units totaling 2,974 sq ft.
    (925) 487-6618
    We can help!
    Listing Contact
    Steve Kehrig
    Real Estate License ID: 01410377
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    940 East St, Lafayette, CA 94549
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!