Two-Unit Duplex with Flex
For Sale
$604,000
1319-1321 Sacramento Street, Vallejo, CA 94590
Bonus flex areas, a generous backyard, and ample parking add versatility to this residential income property.
Property Size1,804 SF
Price / SF$334.81
Days on Market77
Property Features for 1319-1321 Sacramento Street
General Information
Standard status
Active
Size
1,804 SF
Property subtype
Multi Family
Building Details
Year Built
1918
Listing Agency:
Compass
(925) 997-1290
Listed By:
Lupe Kemper · License #01188397
(925) 997-1290
Source:
Exitrealty
Added: Jun 16
Changed: Aug 30
Last Checked: Aug 30 at 3:51PM
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 Compass
Investment Insights
Based on property information with market context.
This 1,804-square-foot duplex, built in 1918, contains two residential units. Each unit offers two bedrooms, one bathroom, and a bonus flex space that can accommodate office, living, hobby, or storage needs. The property also includes a generous backyard and ample parking.
Located at 1319-1321 Sacramento Street in Vallejo, the property provides commuter access to the Vallejo Ferry Terminal and convenient proximity to Mare Island. Downtown Vallejo offers eateries, entertainment, and waterfront attractions, while freeway access, shopping, and restaurants in Downtown Benicia are also nearby.
Located at 1319-1321 Sacramento Street in Vallejo, the property provides commuter access to the Vallejo Ferry Terminal and convenient proximity to Mare Island. Downtown Vallejo offers eateries, entertainment, and waterfront attractions, while freeway access, shopping, and restaurants in Downtown Benicia are also nearby.
Key Highlights
- Two‑unit duplex with 1,804 square feet
- Each unit includes 2 bedrooms, 1 bathroom, and a bonus flex space
- Built in 1918
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
$35,084
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
5.81%
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%
$701,680
$701.7K
Cap Rate 7%
$501,200
$501.2K
Cap Rate 9%
$389,822
$389.8K
Market Conditions
NOI Build-Up for 1,804 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
$53.0K $29.40/SF
− Vacancy
−$2.9K −$1.62/SF
EGI
$50.1K $27.78/SF
− OpEx
−$15.0K −$8.33/SF
NOI
$35.1K $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%
$701,680
Cap Rate 7%
$501,200
Cap Rate 9%
$389,822
Alternative Uses
Best Use
Multifamily LT 5
$501.2K
$438.6K – $584.7K
NOI $35,084 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$450.2K
$393.9K – $525.2K
NOI $31,511 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$878.0K
$768.2K – $1.02M
NOI $61,459 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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 - Bonus flex areas, a generous backyard, and ample parking add versatility to this residential income property.
Where is this duplex located?
The property is located at 1319-1321 Sacramento Street Vallejo, CA.
What is the asking price?
The asking price for this property is $604,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,804 square feet; Each unit includes 2 bedrooms, 1 bathroom, and a bonus flex space; Built in 1918
