Renovated 15-Unit
1637 Kidder Avenue Fairfield, CA 94533
1637 Kidder Avenue, Fairfield, CA, 94533
$2,249,000
For Sale
$2,249,000
Fifteen-unit multifamily across two parcels, featuring renovated interiors and property-wide vinyl window replacements.
Property Size11,800 SF
Lot Size0.86 Acres
Price / SF$190.59
Days on Market13
Property Features for 1637 Kidder Avenue
General Information
- Standard status
- Active
- Size
- 11,800 SF
- Lot size
- 0.86 Acres
- Property subtype
- 5+ Units / Five or More Units
Building Details
- Year Built
- 1963
Listing agency
The Pinza Group, Inc
(510) 725-4775
Listed by
Steven Pinza · License #01867691
(510) 725-4775
Source
Compass
Added: Jul 9 Updated: Jul 21 at 2:45AM Checked: Jul 21 at 2:45AM
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 The Pinza Group, Inc
Investment Insights
Based on property information with market context.
This fifteen-unit multifamily investment is positioned across two separate parcels, offering operational flexibility for long-term ownership. The unit mix includes fourteen 2-bedroom/1-bath units and one 3-bedroom/1-bath unit. Renovations completed include updates to 12 of the 15 units with new paint, laminate flooring, and other interior upgrades, along with property-wide vinyl window replacements.
The property totals two parcels comprising 37,456 square feet and includes ample parking for residents. Convenient access to Interstate 80 and Travis Air Force Base is described in the marketing materials as supporting regional employment connectivity.
For additional details, the marketing package is available via the website listed in the public remarks.
The property totals two parcels comprising 37,456 square feet and includes ample parking for residents. Convenient access to Interstate 80 and Travis Air Force Base is described in the marketing materials as supporting regional employment connectivity.
For additional details, the marketing package is available via the website listed in the public remarks.
Key Highlights
- 15‑unit multifamily investment built in 1963 across two separate parcels
- Unit mix: 14 two‑bedroom/1‑bath units and 1 three‑bedroom/1‑bath unit
- 12 of 15 units renovated with new paint, laminate flooring, and interior upgrades
Local Financial Insights For Apartment 5plus
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 | $361.1k | $30.60 |
| − Vacancy | −$17.0k | −$1.44 |
| EGI | $344.1k | $29.16 |
| − OpEx | −$154.8k | −$13.12 |
| NOI | $189.3k | $16.04 |
11,800 SF · lease $30.60/SF/yr · vacancy 4.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.70M
$2.37M – $3.15M
NOI $189,260 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.80M
$4.20M – $5.60M
NOI $336,243 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fifteen-unit multifamily across two parcels, featuring renovated interiors and property-wide vinyl window replacements.
Where is this apartment building located?
The property is located at 1637 Kidder Avenue Fairfield, CA.
What is the asking price?
The asking price for this property is $2,249,000.
What are key features of this property?
This property features: 15‑unit multifamily investment built in 1963 across two separate parcels; Unit mix: 14 two‑bedroom/1‑bath units and 1 three‑bedroom/1‑bath unit; 12 of 15 units renovated with new paint, laminate flooring, and interior upgrades
