Vintage Multi-Family
16352 5th Street Guerneville, CA 95446
For Sale
$399,900
MULTI_FAMILY - Guerneville, CA
Property Size1,530 SF
Lot Size0.04 Acres
Price / SF$261.37
Days on Market12
Property Features for 16352 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 5
Parking
3
Parking features
On Street, Covered
Window features
Bay Window(s), Double Pane Windows
Patio and Porch features
Deck
Exterior features
Private Yard, Yard Space
Appliances
Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Tankless Water Heater, Varies By Unit
Standard status
Active
APN
070020029000
Size
1,530 SF
Lot size
0.04 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace, Propane (Heating)
Cooling system
Ceiling Fan(s)
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Building materials
Redwood Siding, Wood, Wood Siding
Roof type
Composition
Listing Agency:
Berkshire Hathaway Home Services Sonoma County Properties
(707) 869-9011
Listed By:
Eric Jorgenson · License #02041407
(415) 233-1766
Added: Jul 19
Changed: Jul 28
Last Checked: Jul 30 at 6:06AM
MLS# 326038494
Copyright © 2026 Bay Area Real Estate Information Services, Inc. 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.
This 1940s multi-family home at 16352 5th Street in Guerneville is set up with distinct living areas and a flexible mix of units. The upstairs has been newly reconfigured into a light-filled 1BR/1BA unit and a separate studio apartment. Those upstairs spaces are move-in ready, with recent upgrades to the bathrooms, paint, and appliances. Downstairs, the property includes a spacious 2BR unit that is awaiting your creative vision.
Located in the heart of historic Guerneville, the home is just blocks from the Russian River and Johnson’s Beach.
With multiple separate units already established upstairs and a larger 2BR unit below, the layout supports owner-occupancy while you complete the downstairs space or prepare it for rental. The owner is highly motivated and ready for the next phase.
Located in the heart of historic Guerneville, the home is just blocks from the Russian River and Johnson’s Beach.
With multiple separate units already established upstairs and a larger 2BR unit below, the layout supports owner-occupancy while you complete the downstairs space or prepare it for rental. The owner is highly motivated and ready for the next phase.
Key Highlights
- 1940 multi‑family home with vintage character, including high ceilings, knotty pine walls, and original built‑ins
- Upstairs reconfigured into a light‑filled 1BR/1BA unit and a separate studio apartment
- Downstairs includes a 2BR unit
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 | $18.7k | $12.24 |
| − Vacancy | −$1.1k | −$0.74 |
| EGI | $17.6k | $11.50 |
| − OpEx | −$5.3k | −$3.45 |
| NOI | $12.3k | $8.05 |
1,530 SF · lease $12.24/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$175.9K
$153.9K – $205.2K
NOI $12,312 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$162.0K
$141.8K – $189.0K
NOI $11,342 @ 7.0% cap · market cap 2.84%
Theoretical Best
Specialty Retail
$414.6K
$362.8K – $483.7K
NOI $29,022 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - 1940s multi-family with an upgraded upstairs 1BR/1BA plus studio, and a separate downstairs 2BR unit.
Where is this duplex located?
The property is located at 16352 5th Street Guerneville, CA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1940 multi‑family home with vintage character, including high ceilings, knotty pine walls, and original built‑ins; Upstairs reconfigured into a light‑filled 1BR/1BA unit and a separate studio apartment; Downstairs includes a 2BR unit
