Duplex With Large
For Sale
$599,000
1324 Francis St, Crockett, CA 94525
Two-unit property with a substantial lot and early-20th-century construction.
Property Size1,207 SF
Lot Size0.11 Acres
Price / SF$496.27
Days on Market96
Property Features for 1324 Francis St
General Information
Standard status
Active
Size
1,207 SF
Lot size
0.11 Acres
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Building Details
Building Size
1,207 SF
Year Built
1908
Buildings
1
Listing Agency:
BCRE
(510) 851-2748
Listed By:
Brian Baniqued · License #01104388
(510) 851-2748
Source:
Brucebaldwin
Added: May 14
Changed: Aug 16
Last Checked: Aug 16 at 5:35AM
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 BCRE
Investment Insights
Based on property information with market context.
Located at 1324 Francis St in Crockett, this duplex contains 1,207 total square feet on a 5,000-square-foot lot. Constructed in 1908, the property offers two residential units within an established structure.
The lot size provides more land than nearby single-family homes, according to the property information. The asset is offered for sale and may suit an owner-occupant or investor seeking a duplex configuration, with renovation work identified as a consideration for improving the property’s condition and rental performance.
The lot size provides more land than nearby single-family homes, according to the property information. The asset is offered for sale and may suit an owner-occupant or investor seeking a duplex configuration, with renovation work identified as a consideration for improving the property’s condition and rental performance.
Key Highlights
- Duplex with 1,207 total sq. ft.
- 5,000 sq. ft. lot
- Built in 1908
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
$20,665
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
3.45%
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%
$413,300
$413.3K
Cap Rate 7%
$295,214
$295.2K
Cap Rate 9%
$229,611
$229.6K
Market Conditions
NOI Build-Up for 1,207 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
$31.1K $25.80/SF
− Vacancy
−$1.6K −$1.34/SF
EGI
$29.5K $24.46/SF
− OpEx
−$8.9K −$7.34/SF
NOI
$20.7K $17.12/SF
Area
Contra Costa County, CA
Vacancy
5.20%
Lease Rate
$25.80 /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%
$413,300
Cap Rate 7%
$295,214
Cap Rate 9%
$229,611
Alternative Uses
Best Use
Multifamily LT 5
$295.2K
$258.3K – $344.4K
NOI $20,665 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$274.1K
$239.8K – $319.8K
NOI $19,187 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$456.2K
$399.2K – $532.3K
NOI $31,937 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Explore this area
Business Placement
Demographics for 94525, CA
3,288
Population
1,837
Households
1.8
Avg Household Size
47
Median Age
35%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
1,315
Density / Sq Mi
$101,850
Median Household Income
$65,337
Median Earnings
$2,186
Median Rent
$709,000
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-unit property with a substantial lot and early-20th-century construction.
Where is this duplex located?
The property is located at 1324 Francis St Crockett, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Duplex with 1,207 total sq. ft.; 5,000 sq. ft. lot; Built in 1908
