Four-Unit Multifamily
For Sale
$1,100,000
1236 El Centro Ave, Napa, CA 94558
Two duplex structures offer garage parking, laundry hookups, and proximity to public transportation and local schools.
Property Size3,032 SF
Price / SF$362.80
Days on Market103
Property Features for 1236 El Centro Ave
General Information
Standard status
Active
Size
3,032 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$50,000
Public Transit
Yes
Listing Agency:
Coldwell Banker Brokers of the Valley
8155815
Listed By:
Kelli Marchbanks · License #01221945
8155815
Source:
Exprealty
Added: May 12
Changed: Aug 21
Last Checked: Aug 21 at 12:45PM
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 Coldwell Banker Brokers of the Valley
Investment Insights
Based on property information with market context.
This multifamily property includes two duplex buildings with four 2-bedroom, 1-bath units. Each residence measures approximately 760 square feet and includes a private garage and washer/dryer hookups. The units are occupied by long-term tenants, and the property sits on over 1/2 acre.
Property improvements include upgraded electrical subpanels, French drains along the west and north sides, and city sewer service with three cleanouts. The site is less than one block from public transportation and near Willow Elementary School, Vintage High School, and Unidos Middle School. According to the City of Napa, the expansive lot may allow up to four ADUs, subject to applicable requirements.
Property improvements include upgraded electrical subpanels, French drains along the west and north sides, and city sewer service with three cleanouts. The site is less than one block from public transportation and near Willow Elementary School, Vintage High School, and Unidos Middle School. According to the City of Napa, the expansive lot may allow up to four ADUs, subject to applicable requirements.
Key Highlights
- Four 2‑bedroom, 1‑bath units across two duplex buildings
- Each unit is approximately 760 square feet with a private garage
- Property sits on over 1/2 acre in North Napa
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
$53,580
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
4.87%
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%
$1,071,600
$1.1M
Cap Rate 7%
$765,429
$765.4K
Cap Rate 9%
$595,333
$595.3K
Market Conditions
NOI Build-Up for 3,032 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
$81.9K $27.00/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$76.5K $25.25/SF
− OpEx
−$23.0K −$7.57/SF
NOI
$53.6K $17.67/SF
Area
Napa County, CA
Vacancy
6.50%
Lease Rate
$27.00 /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%
$1,071,600
Cap Rate 7%
$765,429
Cap Rate 9%
$595,333
Alternative Uses
Best Use
Multifamily LT 5
$765.4K
$669.8K – $893.0K
NOI $53,580 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$691.1K
$604.7K – $806.3K
NOI $48,375 @ 7.0% cap · market cap 4.40%
Theoretical Best
Specialty Retail
$6.12M
$5.35M – $7.14M
NOI $428,290 @ 7.0% cap · market cap 38.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 94558, CA
65,473
Population
27,402
Households
2.4
Avg Household Size
44
Median Age
38%
College-Educated
85%
High-School Grad
399.9 sq mi
ZIP Area
164
Density / Sq Mi
$109,444
Median Household Income
$51,955
Median Earnings
$2,248
Median Rent
$855,600
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?
Multifamily property - Two duplex structures offer garage parking, laundry hookups, and proximity to public transportation and local schools.
Where is this multifamily property located?
The property is located at 1236 El Centro Ave Napa, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units across two duplex buildings; Each unit is approximately 760 square feet with a private garage; Property sits on over 1/2 acre in North Napa
