Single-Story
New
For Sale
$625,000
1722 Indiana Street, Fairfield, CA 94533
The property pairs owned solar with two residences, one scheduled to be vacant at closing.
Property Size1,536 SF
Lot Size0.19 Acres
Price / SF$406.90
Days on Market6
Property Features for 1722 Indiana Street
General Information
Standard status
Active
Size
1,536 SF
Lot size
0.19 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
owned solar
Building Details
Year Built
1951
Buildings
1
Stories
1
Listing Agency:
RE/MAX Gold
Listed By:
Jim Meyer · License #C12600
4224411
Source:
Showcaseproperties
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 3:56PM
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 RE/MAX Gold
Investment Insights
Based on property information with market context.
Built in 1951, this single-story duplex contains two 2-bedroom, 1-bath units across 1,536 square feet. One unit is expected to be delivered vacant at closing. The property also has owned solar and sits on an approximately 8,398-square-foot lot, with outdoor space and the possibility of exploring an ADU subject to city approval.
The home is on a street without through traffic and is near downtown Fairfield, shopping, dining, and commuter routes. The two-unit configuration and planned vacancy of one residence provide a choice of occupancy and rental arrangements.
The home is on a street without through traffic and is near downtown Fairfield, shopping, dining, and commuter routes. The two-unit configuration and planned vacancy of one residence provide a choice of occupancy and rental arrangements.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,536 square feet of building area
- Approximately 8,398‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,521
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
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
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 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 4.40%
Second Best
Apartment 5plus
$351.9K
$308.0K – $410.6K
NOI $24,636 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$625.3K
$547.1K – $729.5K
NOI $43,769 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - The property pairs owned solar with two residences, one scheduled to be vacant at closing.
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 $625,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,536 square feet of building area; Approximately 8,398‑square‑foot lot
