Duplex Investment with Vacant
For Sale
$660,000
1313 Sacramento St, Vallejo, CA 94590
Duplex built in 1925 with two 3-bedroom, 2-bath units, including one currently vacant for immediate leasing options.
Property Size2,180 SF
Price / SF$302.75
Days on Market59
Property Features for 1313 Sacramento St
General Information
Standard status
Active
Size
2,180 SF
Property subtype
Multifamily
Occupancy
97%
Additional Details
Cap Rate
5.2%
Multifamily Units
2
Amenities
Duplex consisting of two (2) 3 Bedroom x 2 Bathroom units
One unit occupied and one unit vacant, offering immediate owner-user or lease-up opportunity
Located in one of the Bay Area's most affordable housing markets with convenient regional access through Interstate 80 and the San Francisco Bay Ferry service
Approximately 0.6 miles from both Lincoln Elementary School and Vallejo High School
Building Details
Year Built
1925
Units
2
Tenancy
Multi
Listing Agency:
Palo Alto Office
(650) 391-1824
Listed By:
Mitch Zurich · License #License(s): CA: 01870648
(650) 391-1824
Source:
Marcusmillichap
Added: Jul 3
Changed: Aug 22
Last Checked: Aug 29 at 6:08AM
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 Palo Alto Office
Investment Insights
Based on property information with market context.
1313–1315 Sacramento Street is a duplex investment opportunity constructed in 1925. The property includes two spacious 3-bedroom, 2-bathroom units with a total gross building area of approximately 2,180 square feet, situated on a 1,950-square-foot lot. One unit is currently occupied, while the second unit is vacant, giving an owner the ability to keep rental income in place while preparing the vacant unit for immediate occupancy or a new lease.
The property is located in Vallejo, California. It is less than one block from Vallejo City Park, with residents also about one-half mile from Downtown Vallejo and the Vallejo Municipal Marina. Local education options are nearby as well, with Lincoln Elementary School and Vallejo High School approximately 0.6 miles away.
This layout can suit investors seeking a duplex with a straightforward unit mix, as well as owner-users who want to offset living expenses with an in-place rental unit. The vacant unit provides flexibility for a new tenant setup without waiting for turn, while both units are configured as family-oriented 3-bedroom residences.
The property is located in Vallejo, California. It is less than one block from Vallejo City Park, with residents also about one-half mile from Downtown Vallejo and the Vallejo Municipal Marina. Local education options are nearby as well, with Lincoln Elementary School and Vallejo High School approximately 0.6 miles away.
This layout can suit investors seeking a duplex with a straightforward unit mix, as well as owner-users who want to offset living expenses with an in-place rental unit. The vacant unit provides flexibility for a new tenant setup without waiting for turn, while both units are configured as family-oriented 3-bedroom residences.
Key Highlights
- Duplex constructed in 1925 with two 3‑bedroom, 2‑bath units totaling approx. 2,180 SF gross building area
- One unit currently occupied and the second unit vacant, offering immediate occupancy or leasing flexibility
- Located on a 1,950 SF lot in Vallejo, CA
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
$42,397
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
6.42%
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%
$847,940
$847.9K
Cap Rate 7%
$605,671
$605.7K
Cap Rate 9%
$471,078
$471.1K
Market Conditions
NOI Build-Up for 2,180 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
$64.1K $29.40/SF
− Vacancy
−$3.5K −$1.62/SF
EGI
$60.6K $27.78/SF
− OpEx
−$18.2K −$8.33/SF
NOI
$42.4K $19.45/SF
Area
Vallejo, CA
Vacancy
5.50%
Lease Rate
$29.40 /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%
$847,940
Cap Rate 7%
$605,671
Cap Rate 9%
$471,078
Alternative Uses
Best Use
Multifamily LT 5
$605.7K
$530.0K – $706.6K
NOI $42,397 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$544.0K
$476.0K – $634.7K
NOI $38,079 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$1.06M
$928.4K – $1.24M
NOI $74,268 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,565
Businesses Nearby
Explore this area
Business Placement
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
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 - Duplex built in 1925 with two 3-bedroom, 2-bath units, including one currently vacant for immediate leasing options.
Where is this duplex located?
The property is located at 1313 Sacramento St Vallejo, CA.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Duplex constructed in 1925 with two 3‑bedroom, 2‑bath units totaling approx. 2,180 SF gross building area; One unit currently occupied and the second unit vacant, offering immediate occupancy or leasing flexibility; Located on a 1,950 SF lot in Vallejo, CA
