1603 I Street, Eureka, CA 95501
MULTI_FAMILY - Other - Eureka, CA
- Added:
- Jun 5, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 9 at 3:06 pm
Property Features for 1603 I Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
- Interior features
- Dryer
- Appliances
- Dryer, Dining in Kitchen
- Standard status
- Active
- Size
- 3,098 SF
- Lot size
- 0.17 Acres
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1903
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Hardwood, Vinyl, Laminate
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Patricia Stearns License #00795877 (707) 599-7145
Listing office Coldwell Banker Sellers Realty 985 G, Arcata, CA (707) 822-4337
Listing date Jun 5, 2026
Copyright © 2026 Humboldt Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Remodeled Victorian built in 1903, divided into four apartments
- Stained glass windows, original moldings, and wide plank wood floors
- Multiple flooring types including hardwood, vinyl, and laminate
- Public sewer; shingle roof
- Each unit has access to a separate laundry room and tenant storage area in the garage
- Landlord pays for water, sewer, PGE, garbage, and recycling
Overview
The property is located at 1603 I Street in Eureka, CA 95501, and is listed under Multi-Family zoning. Public remarks note convenience for shopping, services, and restaurants, along with easy freeway access to Cal Poly Humboldt and College of the Redwoods.
For buyers seeking a small residential income asset, this four-unit configuration provides an opportunity to own one building with multiple apartments under a single ownership. The offering also states that the landlord pays for water, sewer, PGE, garbage, and recycling, which can simplify tenant billing. The mix of separate apartment living with shared laundry and garage storage can be an appealing fit for tenants who want both privacy and practical on-site amenities.
Local 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 | $61.3k | $19.80 |
| − Vacancy | −$4.1k | −$1.32 |
| EGI | $57.3k | $18.48 |
| − OpEx | −$17.2k | −$5.54 |
| NOI | $40.1k | $12.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Eureka
- County
- Humboldt
- State
- California
- Longitude
- -124.16026
- Latitude
- 40.793328
