Residential Income
150 Clearlake Avenue Lakeport, CA 95453
For Sale
Under Contract
$550,000
MULTI_FAMILY - Lakeport, CA
Property Size3,300 SF
Lot Size0.30 Acres
Price / SF$166.67
Days on Market70
Property Features for 150 Clearlake Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
7
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 6, Bathroom 2, Bathroom 7, Bathroom 5, Bathroom 1, Bedroom 1, Bathroom 4
Parking
8
Parking features
Off Street, Covered, Garage
Patio and Porch features
Deck, Patio
Exterior features
Private Yard
Fireplace
1
Appliances
Dishwasher, Electric Cooktop
Standard status
Active Under Contract
APN
026242020000
Size
3,300 SF
Lot size
0.30 Acres
Utilities
Sewer type
Public Sewer
Heating system
Fireplace(s), Fireplace Insert, Central, Ductless (Heating)
Cooling system
Wall Unit(s), Central Air, Ductless
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Flooring type
Wood, Carpet, Laminate
Roof type
Composition
Listing Agency:
Luxe Places International Realty
(707) 263-3300
Listed By:
Bridget King · License #02086783
(515) 988-3477
Added: May 20
Changed: Jul 28
Last Checked: Jul 28 at 7:06PM
MLS# 326026093
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential income property consists of two rental units. The main house offers approximately 1,866 square feet with 3 bedrooms and 3.5 bathrooms, featuring Victorian-style character, high ceilings, and ornate details. Each of the three bedrooms has its own ensuite bathroom and individual outside access, and the home includes three separate decks.
The second unit is approximately 750+/- square feet with 1 bedroom and 1 bathroom, currently rented. The property is set on a large 13,000+ square foot fenced lot with mature landscaping and separate yard areas. Off-street paved parking includes six spaces accessed from the back alley, along with two one-car garages that may be rented separately or retained by the new owner.
With two income-producing units and multiple outdoor and parking features, this duplex-style setup is designed for residential rental use on the same parcel.
The second unit is approximately 750+/- square feet with 1 bedroom and 1 bathroom, currently rented. The property is set on a large 13,000+ square foot fenced lot with mature landscaping and separate yard areas. Off-street paved parking includes six spaces accessed from the back alley, along with two one-car garages that may be rented separately or retained by the new owner.
With two income-producing units and multiple outdoor and parking features, this duplex-style setup is designed for residential rental use on the same parcel.
Key Highlights
- Main house offers 3 bedrooms and 3.5 bathrooms with 1,866 SF; has high ceilings and ornate Victorian details
- All 3 bedrooms in the main house have private ensuite bathrooms and individual outside access
- Second unit is approx. 750+/- SF with 1 bedroom and 1 bathroom, currently rented for $1,200/month
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.4k | $12.84 |
| − Vacancy | −$2.0k | −$0.61 |
| EGI | $40.4k | $12.23 |
| − OpEx | −$12.1k | −$3.67 |
| NOI | $28.3k | $8.56 |
3,300 SF · lease $12.84/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$403.6K
$353.2K – $470.9K
NOI $28,252 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$372.4K
$325.9K – $434.5K
NOI $26,071 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$1.32M
$1.16M – $1.55M
NOI $92,713 @ 7.0% cap · market cap 16.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two rental units include a 3-bedroom main home and a 1-bedroom unit, plus fenced lot and off-street parking.
Where is this duplex located?
The property is located at 150 Clearlake Avenue Lakeport, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Main house offers 3 bedrooms and 3.5 bathrooms with 1,866 SF; has high ceilings and ornate Victorian details; All 3 bedrooms in the main house have private ensuite bathrooms and individual outside access; Second unit is approx. 750+/- SF with 1 bedroom and 1 bathroom, currently rented for $1,200/month
