Tenant-Occupied
New
For Sale
$325,000
155 N 3rd St 1, Blythe, CA 92225
Three separately metered units include private outdoor areas, parking, and an expanded front residence with basement space.
Property Size3,274 SF
Days on Market5
Property Features for 155 N 3rd St 1
General Information
Standard status
Active
Size
3,274 SF
Property subtype
Investment
Units
Unit Mix
1 x 4BR/2BA, 2 x 2BR/1BA
Multifamily Units
3
Amenities
fireplace
basement
yard
Building Details
Building Size
3,274 SF
Year Built
1950
Stories
1
Units
3
Listing Agency:
Blythe Realty
Listed By:
Catherine Garcia · License #02215514
(714) 381-0677
Source:
Elliman
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 19 at 11:29AM
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 Blythe Realty
Investment Insights
Based on property information with market context.
This triplex at 155 N 3rd St 1 in Blythe, California, includes an occupied front residence with 4 bedrooms, 2 bathrooms, two fireplaces, and a full basement. The two rear residences each offer 2 bedrooms and 1 bathroom. Separate utility meters serve the units, while each residence has its own yard area. The front unit accommodates up to five vehicles, and the rear units include covered carport parking. Built in 1950, the property combines distinct unit layouts with established tenancy and dedicated outdoor areas. Its 46 bike score and 57 walk score indicate somewhat bikeable and somewhat walkable access.
Key Highlights
- Triplex with existing tenants in place
- Unit mix includes one 4‑bedroom, 2‑bath residence and two 2‑bedroom, 1‑bath residences
- Separate utility meters for each unit
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
$28,984
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
8.92%
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%
$579,680
$579.7K
Cap Rate 7%
$414,057
$414.1K
Cap Rate 9%
$322,044
$322.0K
Market Conditions
NOI Build-Up for 3,274 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
$56.2K $17.16/SF
− Vacancy
−$3.5K −$1.06/SF
EGI
$52.7K $16.10/SF
− OpEx
−$23.7K −$7.24/SF
NOI
$29.0K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
45.00%
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%
$579,680
Cap Rate 7%
$414,057
Cap Rate 9%
$322,044
Alternative Uses
Best Use
Multifamily LT 5
$477.0K
$417.3K – $556.5K
NOI $33,387 @ 7.0% cap · market cap 10.27%
Second Best
Apartment 5plus
$414.1K
$362.3K – $483.1K
NOI $28,984 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$690.6K
$604.3K – $805.7K
NOI $48,342 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 92225, CA
21,104
Population
7,797
Households
2.7
Avg Household Size
37
Median Age
9%
College-Educated
71%
High-School Grad
581.0 sq mi
ZIP Area
36
Density / Sq Mi
$51,294
Median Household Income
$32,548
Median Earnings
$902
Median Rent
$197,000
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered units include private outdoor areas, parking, and an expanded front residence with basement space.
Where is this triplex located?
The property is located at 155 N 3rd St 1 Blythe, CA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Triplex with existing tenants in place; Unit mix includes one 4‑bedroom, 2‑bath residence and two 2‑bedroom, 1‑bath residences; Separate utility meters for each unit
