Two Contiguous Duplexes For
For Sale
Contact for pricing
1913 W Mendocino Ave, Stockton, CA 95204
Two duplexes with hardwood floors and individual garages.
Property Size1,914 SF
Price / SF$470.19
Days on Market510
Property Features for 1913 W Mendocino Ave
General Information
Standard status
Active
Size
1,914 SF
Property subtype
Multifamily
Building Details
Year Built
1953
Buildings
2
Units
4
Listing Agency:
RE/MAX Gold Woodland
(530) 681-7331
Listed By:
Don Sharp · License #CA
Source:
Crexi
Added: Mar 19, 2025
Changed: Aug 8
Last Checked: Aug 10 at 10:17AM
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 RE/MAX Gold Woodland
Investment Insights
Based on property information with market context.
Two contiguous duplexes are being sold together. Each unit features hardwood floors and its own garage. A shared laundry room is available for all units. The property size is 1914 square feet.
Key Highlights
- Two Contiguous Duplexes Being Sold Together
- Each Unit Has Its Own Garage
- Beautiful Hardwood Floors
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
$26,795
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
2.98%
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%
$535,900
$535.9K
Cap Rate 7%
$382,786
$382.8K
Cap Rate 9%
$297,722
$297.7K
Market Conditions
NOI Build-Up for 1,914 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
$41.3K $21.60/SF
− Vacancy
−$3.1K −$1.60/SF
EGI
$38.3K $20.00/SF
− OpEx
−$11.5K −$6.00/SF
NOI
$26.8K $14.00/SF
Area
Stockton, CA
Vacancy
7.41%
Lease Rate
$21.60 /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%
$535,900
Cap Rate 7%
$382,786
Cap Rate 9%
$297,722
Alternative Uses
Best Use
Multifamily LT 5
$382.8K
$334.9K – $446.6K
NOI $26,795 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$332.8K
$291.2K – $388.2K
NOI $23,294 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$517.6K
$452.9K – $603.9K
NOI $36,231 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Explore this area
Business Placement
Demographics for 95204, CA
30,719
Population
12,354
Households
2.5
Avg Household Size
37
Median Age
20%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
5,796
Density / Sq Mi
$71,792
Median Household Income
$42,361
Median Earnings
$1,381
Median Rent
$358,300
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?
Duplex - Two duplexes with hardwood floors and individual garages.
Where is this duplex located?
The property is located at 1913 W Mendocino Ave Stockton, CA.
What is the asking price?
The asking price for this property is $899,950.
What are key features of this property?
This property features: Two Contiguous Duplexes Being Sold Together; Each Unit Has Its Own Garage; Beautiful Hardwood Floors
