Two-Duplex Residential Income
For Sale
$1,300,000
Pending
1236 El Centro Ave, Napa, CA 94558
Four 2-bedroom units with private garages and in-unit washer/dryer hookups, plus expanded-lot ADU possibility.
Property Size3,032 SF
Lot Size0.50 Acres
Days on Market72
Property Features for 1236 El Centro Ave
General Information
Standard status
Pending
Size
3,032 SF
Lot size
0.50 Acres
Property subtype
Investment
Additional Details
Multifamily Units
4
Building Details
Building Size
3,032 SF
Units
4
Tenancy
Multi
Listing Agency:
Coldwell Banker Brokers of the Valley St. Helena
(707) 815-5815
Listed By:
Kelli Marchbanks · License #01221945
(707) 815-5815
Source:
Elliman
Added: Jun 1
Changed: Aug 8
Last Checked: Jul 23 at 12:01PM
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 St. Helena
Investment Insights
Based on property information with market context.
This for-sale residential income property consists of two duplexes totaling four 2-bedroom, 1-bath units. Each unit includes approximately 760 square feet, a private garage, and washer/dryer hookups. The property’s improvements include upgraded electrical subpanels, french drains along the west and north sides of the site, and city sewer service with three cleanouts. Inspection reports for the roof, home, and pest are available for buyer review.
Located in North Napa, the property is less than one block to public transportation. It is also close to Willow Elementary School and Vintage High School, with Unidos Middle School not far away.
From a tenant and operator standpoint, the property is set up as a straightforward, four-unit rental configuration. The current setup has long-term tenants contributing approximately $50,000 in actual annual revenue, and the expansive lot may allow for the addition of up to four ADUs per the City of Napa. That combination of existing income and possible future expansion is what makes this asset appeal to investors and 1031 exchange buyers seeking long-term ownership in Napa.
Located in North Napa, the property is less than one block to public transportation. It is also close to Willow Elementary School and Vintage High School, with Unidos Middle School not far away.
From a tenant and operator standpoint, the property is set up as a straightforward, four-unit rental configuration. The current setup has long-term tenants contributing approximately $50,000 in actual annual revenue, and the expansive lot may allow for the addition of up to four ADUs per the City of Napa. That combination of existing income and possible future expansion is what makes this asset appeal to investors and 1031 exchange buyers seeking long-term ownership in Napa.
Key Highlights
- Two duplexes totaling 4 units: four 2‑bedroom, 1‑bath units, each about 760 SF
- Each unit includes a private garage and washer/dryer hookups
- Up to $50,000 actual annual revenue reported from long‑term tenants
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
4.12%
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 4.12%
Second Best
Apartment 5plus
$691.1K
$604.7K – $806.3K
NOI $48,375 @ 7.0% cap · market cap 3.72%
Theoretical Best
Specialty Retail
$6.12M
$5.35M – $7.14M
NOI $428,290 @ 7.0% cap · market cap 32.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
186
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?
Quadplex - Four 2-bedroom units with private garages and in-unit washer/dryer hookups, plus expanded-lot ADU possibility.
Where is this quadplex located?
The property is located at 1236 El Centro Ave Napa, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two duplexes totaling 4 units: four 2‑bedroom, 1‑bath units, each about 760 SF; Each unit includes a private garage and washer/dryer hookups; Up to $50,000 actual annual revenue reported from long‑term tenants
