14-Unit Hilltop Apartment
For Sale
$999,000
140 N Pacific Avenue, Rio Dell, CA 95562
Multi-Family, Rio Dell, CA
Property Size7,218 SF
Lot Size9.50 Acres
Price / SF$138.40
Days on Market48
Property Features for 140 N Pacific Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Single Family
Zoning description
Single Family
Lot features
Flag Lot, River View, Near Shopping
View
River, Hills
Elementary school
Rio Dell
High school district
Rio Dell
Subdivision
Mid County
Standard status
Active
APN
052-111-011
Size
7,218 SF
Lot size
9.50 Acres
Building Details
Year built
1929
Floors in Building
1
Number of units
14
Listing Agency:
Wells Commercial R.E. & Investment
(707) 444-3624
Listed By:
David Wells · License #01700566
(707) 832-9121
Added: Aug 30
Changed: Oct 7
Last Checked: Oct 16 at 2:06AM
MLS# 273255
Copyright © 2026 Humboldt Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This apartment property contains 14 residential units across 7,218 square feet on 9.5 acres. Built in 1929, the complex sits on a hilltop above a forested hillside and was formerly used as fishing cabins. Most units are currently rented to long-term tenants.
The property includes a nature trail that descends toward the Eel River, adding a distinctive outdoor feature to the residential setting. Zoning is Single Family. The City of Rio Dell has indicated flexibility regarding proposed changes, providing context for evaluating future plans alongside the existing apartment configuration.
The property includes a nature trail that descends toward the Eel River, adding a distinctive outdoor feature to the residential setting. Zoning is Single Family. The City of Rio Dell has indicated flexibility regarding proposed changes, providing context for evaluating future plans alongside the existing apartment configuration.
Key Highlights
- 14 residential units across 7,218 square feet
- 9.5‑acre hilltop property with a forested hillside
- Most units rented to long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,950
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,719,000
$1.7M
Cap Rate 7%
$1,227,857
$1.2M
Cap Rate 9%
$955,000
$955.0K
Market Conditions
NOI Build-Up for 7,218 SF
Gross rent
$168.0K $23.28/SF
− Vacancy
−$11.8K −$1.63/SF
EGI
$156.3K $21.65/SF
− OpEx
−$70.3K −$9.74/SF
NOI
$85.9K $11.91/SF
Area
Humboldt County, CA
Vacancy
7.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,719,000
Cap Rate 7%
$1,227,857
Cap Rate 9%
$955,000
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,950 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.73M
$2.39M – $3.18M
NOI $190,808 @ 7.0% cap · market cap 19.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Demographics for 95562, CA
3,475
Population
1,604
Households
2.2
Avg Household Size
38
Median Age
10%
College-Educated
90%
High-School Grad
16.6 sq mi
ZIP Area
209
Density / Sq Mi
$45,801
Median Household Income
$28,526
Median Earnings
$1,057
Median Rent
$310,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Mostly leased residential units occupy a wooded hilltop setting with an on-site trail leading toward the Eel River.
Where is this apartment building located?
The property is located at 140 N Pacific Avenue Rio Dell, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 14 residential units across 7,218 square feet; 9.5‑acre hilltop property with a forested hillside; Most units rented to long‑term tenants
