Duplex with Updated
For Sale
$649,000
1511 Marin St, Vallejo, CA 94590
MULTI_FAMILY - Vallejo, CA
Property Size1,808 SF
Lot Size0.08 Acres
Price / SF$358.96
Days on Market141
Property Features for 1511 Marin St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 2, Bedroom 1, Bathroom 6, Bathroom 4, Bathroom 7, Bathroom 1, Bathroom 8, Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 2, Bedroom 3, Bedroom 5
Parking features
Off Street
Lot features
Corner Lot
Subdivision
Listing
Standard status
Active
APN
0056042090
Size
1,808 SF
Lot size
0.08 Acres
Utilities
Heating system
Wall Furnace
Building Details
Year built
1933
Number of units
2
Flooring type
Vinyl
Building materials
Stucco
Roof type
Composition
Listing Agency:
Keller Williams Tri-Valley · Keller Williams Realty
(925) 397-4200
Listed By:
Max Manatt · License #01957416
(925) 980-3375
Added: Mar 28
Changed: Aug 2
Last Checked: Aug 15 at 2:06AM
MLS# 41128963
Copyright © 2026 Bay East. 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.
Clean, well-maintained duplex offering two living units under one roof. The home features updated kitchens that open into the living and dining areas, with spacious bedrooms and refreshed bathrooms in each unit. The generous lot adds outdoor flexibility for tenants. Units are separately metered, supporting independent utility management.
Built in 1933, the property is constructed with stucco and topped with a composition roof. Vinyl flooring and wall furnace heating are included, and off-street parking is provided.
Located in Vallejo near parks, schools, shopping, dining, and major commuter routes, the duplex offers practical day-to-day access for tenant convenience.
Built in 1933, the property is constructed with stucco and topped with a composition roof. Vinyl flooring and wall furnace heating are included, and off-street parking is provided.
Located in Vallejo near parks, schools, shopping, dining, and major commuter routes, the duplex offers practical day-to-day access for tenant convenience.
Key Highlights
- Duplex with updated kitchens in each unit
- Units are separately metered
- Generous 0.0801‑acre lot
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
$35,162
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
5.42%
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%
$703,240
$703.2K
Cap Rate 7%
$502,314
$502.3K
Cap Rate 9%
$390,689
$390.7K
Market Conditions
NOI Build-Up for 1,808 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
$53.2K $29.40/SF
− Vacancy
−$2.9K −$1.62/SF
EGI
$50.2K $27.78/SF
− OpEx
−$15.1K −$8.33/SF
NOI
$35.2K $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%
$703,240
Cap Rate 7%
$502,314
Cap Rate 9%
$390,689
Alternative Uses
Best Use
Multifamily LT 5
$502.3K
$439.5K – $586.0K
NOI $35,162 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$451.2K
$394.8K – $526.4K
NOI $31,581 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$879.9K
$769.9K – $1.03M
NOI $61,595 @ 7.0% cap · market cap 9.49%
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
1,838
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 - Clean, well-maintained duplex on a generous lot with updated kitchens, separately metered units, and off-street parking.
Where is this duplex located?
The property is located at 1511 Marin St Vallejo, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Duplex with updated kitchens in each unit; Units are separately metered; Generous 0.0801‑acre lot
