4-Unit Multifamily
For Sale
$544,000
Pending
1306 N Filbert St, Stockton, CA 95205
Four one-bedroom residences offer a compact multifamily configuration with month-to-month and annual lease arrangements.
Property Size1,600 SF
Days on Market129
Property Features for 1306 N Filbert St
General Information
Standard status
Pending
Size
1,600 SF
Property subtype
Investment
Financials
Asking Price
$544,000
Gross Income
$64,800
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1949
Units
4
Listing Agency:
SIMPLE BROKERAGE INC.
(408) 832-8200
Listed By:
Jagjit Singh
(408) 832-8200
Source:
Elliman
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 30 at 1:44AM
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 SIMPLE BROKERAGE INC.
Investment Insights
Based on property information with market context.
This four-unit multifamily property includes residences at 1302, 1304, 1306, and 1308 N Filbert St. Each unit is configured with one bedroom and one bathroom, with approximately 400 square feet per residence and approximately 1,600 square feet across the property. The building dates to 1949.
Lease structures include three month-to-month agreements and one annual lease scheduled to end around June 2026, providing a mix of near-term flexibility and contracted occupancy. Lease agreements and income statements are available upon request.
The property has a Walk Score of 31, a Bike Score of 44, and a Transit Score of 28. It is located in Stockton, California, with car-dependent access and some transit service indicated by the recorded scores.
Lease structures include three month-to-month agreements and one annual lease scheduled to end around June 2026, providing a mix of near-term flexibility and contracted occupancy. Lease agreements and income statements are available upon request.
The property has a Walk Score of 31, a Bike Score of 44, and a Transit Score of 28. It is located in Stockton, California, with car-dependent access and some transit service indicated by the recorded scores.
Key Highlights
- Four units at 1302, 1304, 1306 & 1308 N Filbert St
- Each residence has 1 bedroom and 1 bathroom
- Approximately 400 sq ft per unit; approximately 1,600 sq ft total
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
$23,636
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
4.34%
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%
$472,720
$472.7K
Cap Rate 7%
$337,657
$337.7K
Cap Rate 9%
$262,622
$262.6K
Market Conditions
NOI Build-Up for 1,600 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
$35.5K $22.20/SF
− Vacancy
−$1.8K −$1.10/SF
EGI
$33.8K $21.10/SF
− OpEx
−$10.1K −$6.33/SF
NOI
$23.6K $14.77/SF
Area
ZIP 95205
Vacancy
4.94%
Lease Rate
$22.20 /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%
$472,720
Cap Rate 7%
$337,657
Cap Rate 9%
$262,622
Alternative Uses
Best Use
Multifamily LT 5
$337.7K
$295.5K – $393.9K
NOI $23,636 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$311.8K
$272.8K – $363.7K
NOI $21,824 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$424.6K
$371.5K – $495.4K
NOI $29,722 @ 7.0% cap · market cap 5.46%
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
549
Businesses Nearby
Explore this area
Business Placement
Demographics for 95205, CA
40,720
Population
11,722
Households
3.5
Avg Household Size
30
Median Age
5%
College-Educated
56%
High-School Grad
9.0 sq mi
ZIP Area
4,524
Density / Sq Mi
$58,138
Median Household Income
$32,253
Median Earnings
$1,264
Median Rent
$288,600
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 one-bedroom residences offer a compact multifamily configuration with month-to-month and annual lease arrangements.
Where is this quadplex located?
The property is located at 1306 N Filbert St Stockton, CA.
What is the asking price?
The asking price for this property is $544,000.
What are key features of this property?
This property features: Four units at 1302, 1304, 1306 & 1308 N Filbert St; Each residence has 1 bedroom and 1 bathroom; Approximately 400 sq ft per unit; approximately 1,600 sq ft total
