Updated Duplex with Attached
For Sale
$575,000
Pending
1590 Rayburn Court, Fairfield, CA 94533
Two separately configured units offer private outdoor space, garage parking, and flexible owner-occupant or rental use.
Property Size1,652 SF
Days on Market90
Property Features for 1590 Rayburn Court
General Information
Standard status
Pending
Size
1,652 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1959
Buildings
1
Listing Agency:
Realty One Group Infinity
(650) 430-4175
Listed By:
Rami Hijazeen · License #02117788
(650) 430-4175
Source:
Exitrealty
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 30 at 2:11PM
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 Realty One Group Infinity
Investment Insights
Based on property information with market context.
This 1,652-square-foot duplex contains two 2-bedroom, 1-bath residences, each paired with a private backyard and attached one-car garage. Exterior work includes fresh paint and new gutters, while widened driveways add off-street parking. New concrete in the rear and side yards creates durable, low-maintenance outdoor areas.
Unit #1590 has received interior updates including fresh paint, wood-look laminate flooring, and a remodeled bathroom. Built in 1959, the property is located at 1590 Rayburn Court in Fairfield, California, near schools, shopping, restaurants, and everyday amenities. The two-unit configuration supports either an owner-occupant arrangement or rental use.
Unit #1590 has received interior updates including fresh paint, wood-look laminate flooring, and a remodeled bathroom. Built in 1959, the property is located at 1590 Rayburn Court in Fairfield, California, near schools, shopping, restaurants, and everyday amenities. The two-unit configuration supports either an owner-occupant arrangement or rental use.
Key Highlights
- Two 2‑bedroom, 1‑bath units within a 1,652‑square‑foot duplex
- Each unit includes a private backyard and attached one‑car garage
- Unit #1590 features updated paint, wood‑look laminate flooring, and a remodeled bathroom
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
$29,599
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
5.15%
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%
$591,980
$592.0K
Cap Rate 7%
$422,843
$422.8K
Cap Rate 9%
$328,878
$328.9K
Market Conditions
NOI Build-Up for 1,652 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
$44.6K $27.00/SF
− Vacancy
−$2.3K −$1.40/SF
EGI
$42.3K $25.60/SF
− OpEx
−$12.7K −$7.68/SF
NOI
$29.6K $17.92/SF
Area
Fairfield, CA
Vacancy
5.20%
Lease Rate
$27.00 /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%
$591,980
Cap Rate 7%
$422,843
Cap Rate 9%
$328,878
Alternative Uses
Best Use
Multifamily LT 5
$422.8K
$370.0K – $493.3K
NOI $29,599 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$378.5K
$331.2K – $441.6K
NOI $26,496 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$672.5K
$588.4K – $784.6K
NOI $47,074 @ 7.0% cap · market cap 8.19%
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
795
Businesses Nearby
Explore this area
Business Placement
Demographics for 94533, CA
77,380
Population
25,539
Households
3
Avg Household Size
36
Median Age
20%
College-Educated
83%
High-School Grad
22.5 sq mi
ZIP Area
3,439
Density / Sq Mi
$85,990
Median Household Income
$41,466
Median Earnings
$1,980
Median Rent
$497,300
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 - Two separately configured units offer private outdoor space, garage parking, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 1590 Rayburn Court Fairfield, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units within a 1,652‑square‑foot duplex; Each unit includes a private backyard and attached one‑car garage; Unit #1590 features updated paint, wood‑look laminate flooring, and a remodeled bathroom
