31-Unit Apartment
For Sale
$4,635,000
Pending
150 Gateway Ct, Stockton, CA 95207
Multifamily property with two- and three-bedroom layouts, gated parking, secure entries, and onsite laundry.
Property Size25,812 SF
Days on Market71
Property Features for 150 Gateway Ct
General Information
Standard status
Pending
Size
25,812 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
31
Amenities
gated parking
secure entries
onsite laundry
generous common areas
Listing Agency:
Colliers Parrish Intenational Inc.
4019085
Listed By:
Andrew T. Hodgson · License #01796017
4019085
Source:
Exprealty
Added: May 28
Changed: Jul 31
Last Checked: Jul 31 at 8:03AM
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 Colliers Parrish Intenational Inc.
Investment Insights
Based on property information with market context.
The Gateway Apartments are a 31-unit multifamily property at 150 Gateway Court in North Stockton. The 25,812-square-foot asset offers an all two- and three-bedroom unit mix across six distinct floor plans. Property features include gated parking, secure entries, onsite laundry, and generous common areas.
The property is located minutes from major retail centers, employment hubs, and colleges. Its combination of varied residential layouts and resident-oriented amenities provides a clear physical profile for multifamily ownership or leasing consideration.
The property is located minutes from major retail centers, employment hubs, and colleges. Its combination of varied residential layouts and resident-oriented amenities provides a clear physical profile for multifamily ownership or leasing consideration.
Key Highlights
- 31‑unit multifamily property totaling 25,812 square feet
- All units are two- and three‑bedroom layouts
- Six unique floor plans
Financial Insights For Apartment 5plus
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 | $672.1k | $26.04 |
| − Vacancy | −$37.0k | −$1.43 |
| EGI | $635.2k | $24.61 |
| − OpEx | −$285.8k | −$11.07 |
| NOI | $349.3k | $13.53 |
25,812 SF · lease $26.04/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.99M
$4.37M – $5.82M
NOI $349,347 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.57M
$7.50M – $9.99M
NOI $599,664 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
31
Residential units
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 95207, CA
52,465
Population
20,300
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
7,287
Density / Sq Mi
$68,767
Median Household Income
$38,463
Median Earnings
$1,549
Median Rent
$409,000
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?
Apartment building - Multifamily property with two- and three-bedroom layouts, gated parking, secure entries, and onsite laundry.
Where is this apartment building located?
The property is located at 150 Gateway Ct Stockton, CA.
What is the asking price?
The asking price for this property is $4,635,000.
What are key features of this property?
This property features: 31‑unit multifamily property totaling 25,812 square feet; All units are two- and three‑bedroom layouts; Six unique floor plans
