12-Unit Renovated Quadplex
For Sale
$959,150
1718 Fillmore Street, Fairfield, CA 94533
Three fourplexes offer matching two-bedroom, one-bath layouts with updated interiors and resident laundry.
Property Size3,344 SF
Price / SF$286.83
Days on Market124
Property Features for 1718 Fillmore Street
General Information
Standard status
Active
Size
3,344 SF
Property subtype
Multi Family
Zoning
RH
Units
Unit Mix
12 x 2BR/1BA
Multifamily Units
12
Amenities
on-site laundry
Building Details
Year Built
1963
Buildings
3
Listing Agency:
Keller Williams Studio City
(925) 431-9508
Listed By:
Brian Sanchez · License #01768654
(925) 431-9508
Source:
Exitrealty
Added: Apr 30
Changed: Aug 31
Last Checked: Aug 31 at 12:25AM
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 Keller Williams Studio City
Investment Insights
Based on property information with market context.
This offering includes three fourplexes at 1712, 1713, and 1718 Fillmore Street in Fairfield, comprising 12 total units. Each building contains four two-bedroom, one-bath residences. The portfolio was built in 1963 and has received interior improvements, including newer stoves and A/C units, along with newer windows and fresh exterior paint. On-site laundry is available at each property and provides an additional tenant amenity.
The properties are located in Fairfield near NorthBay Medical Center and Travis Air Force Base. The sites are within a high-density residential zone designated RH. Fairfield does not have a local rent control ordinance, while the properties remain subject to California State Rent Control under AB 1482.
The properties are located in Fairfield near NorthBay Medical Center and Travis Air Force Base. The sites are within a high-density residential zone designated RH. Fairfield does not have a local rent control ordinance, while the properties remain subject to California State Rent Control under AB 1482.
Key Highlights
- Three fourplexes totaling 12 units at 1712, 1713, and 1718 Fillmore Street
- Each building includes four 2‑bedroom, 1‑bathroom units
- Interior updates include newer stoves and A/C units
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
$59,915
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
6.25%
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%
$1,198,300
$1.2M
Cap Rate 7%
$855,929
$855.9K
Cap Rate 9%
$665,722
$665.7K
Market Conditions
NOI Build-Up for 3,344 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
$90.3K $27.00/SF
− Vacancy
−$4.7K −$1.40/SF
EGI
$85.6K $25.60/SF
− OpEx
−$25.7K −$7.68/SF
NOI
$59.9K $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%
$1,198,300
Cap Rate 7%
$855,929
Cap Rate 9%
$665,722
Alternative Uses
Best Use
Multifamily LT 5
$855.9K
$748.9K – $998.6K
NOI $59,915 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$766.2K
$670.4K – $893.9K
NOI $53,634 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,288 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
746
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?
Quadplex - Three fourplexes offer matching two-bedroom, one-bath layouts with updated interiors and resident laundry.
Where is this quadplex located?
The property is located at 1718 Fillmore Street Fairfield, CA.
What is the asking price?
The asking price for this property is $959,150.
What are key features of this property?
This property features: Three fourplexes totaling 12 units at 1712, 1713, and 1718 Fillmore Street; Each building includes four 2‑bedroom, 1‑bathroom units; Interior updates include newer stoves and A/C units
