Duplex with Paid-Off
For Sale
$599,000
1722 Indiana Street, Fairfield, CA 94533
Residential Income, Fairfield, CA
Property Size1,536 SF
Lot Size0.19 Acres
Price / SF$389.97
Days on Market79
Property Features for 1722 Indiana Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Parking
2
Lot features
Curb(s)
Directions
I-80 to Exit 44 (Downtown Fairfield/Rockville Rd). Left on Rockville Rd toward West Texas St, left on 5th St, then right on Indiana St.
Subdivision
Fairfield 8
Standard status
Active
APN
0031124210
Size
1,536 SF
Lot size
0.19 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Amenities
solar
Building Details
Year built
1951
Floors in Building
1
Number of units
2
Listing Agency:
KW Vaca Valley · Keller Williams Realty
(707) 452-3632
Listed By:
Melissa Poehls
(707) 628-9676
Added: Jun 26
Changed: Sep 12
Last Checked: Sep 12 at 7:06PM
MLS# 326043540
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 duplex contains 1,536 square feet across two residential units on a 0.1928-acre lot. Built in 1951, the property is equipped with wall-furnace heating, paid-off solar, public water, and public sewer service. The existing layout includes four bedrooms and two bathrooms, supporting the property’s two-unit configuration.
Set on Indiana Street in Fairfield, the property is positioned on a dead-end street near shopping, dining, schools, commuter access, and downtown. The lot offers the possibility of exploring an ADU or other future development, subject to buyer investigation and applicable requirements. An established rental history is also reported.
Set on Indiana Street in Fairfield, the property is positioned on a dead-end street near shopping, dining, schools, commuter access, and downtown. The lot offers the possibility of exploring an ADU or other future development, subject to buyer investigation and applicable requirements. An established rental history is also reported.
Key Highlights
- Duplex with 1,536 square feet of property area
- 0.1928‑acre lot on a dead‑end street
- Paid‑off solar system
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
$27,521
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
4.59%
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%
$550,420
$550.4K
Cap Rate 7%
$393,157
$393.2K
Cap Rate 9%
$305,789
$305.8K
Market Conditions
NOI Build-Up for 1,536 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
$41.5K $27.00/SF
− Vacancy
−$2.2K −$1.40/SF
EGI
$39.3K $25.60/SF
− OpEx
−$11.8K −$7.68/SF
NOI
$27.5K $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%
$550,420
Cap Rate 7%
$393,157
Cap Rate 9%
$305,789
Alternative Uses
Best Use
Multifamily LT 5
$393.2K
$344.0K – $458.7K
NOI $27,521 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$351.9K
$308.0K – $410.6K
NOI $24,636 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$625.3K
$547.1K – $729.5K
NOI $43,769 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,378
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property on a spacious lot with public water and sewer service.
Where is this duplex located?
The property is located at 1722 Indiana Street Fairfield, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Duplex with 1,536 square feet of property area; 0.1928‑acre lot on a dead‑end street; Paid‑off solar system
