Side-by-Side Duplex with
New
For Sale
$849,900
1794 Edeline Avenue, McKinleyville, CA 95519
Multi-Family, McKinleyville, CA
Property Size2,580 SF
Lot Size0.28 Acres
Price / SF$329.42
Days on Market2
Property Features for 1794 Edeline Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 6
Parking features
Garage
Window features
Skylight(s)
Interior features
Cathedral/Vault, Ceiling Fan
Lot features
Flat, Flag, Near Shopping
Elementary school
Morris
High school
McKinleyville
Elementary school district
McKinleyville
Middle school district
McKinleyville
High school district
McKinleyville
Directions
Take central ave north to heartwood, take a left on Edeline then a right on Edeline ave. This is a flag lot. There will be no sign.
Subdivision
North Bay
Standard status
Active
APN
508-261-027
Size
2,580 SF
Lot size
0.28 Acres
Utilities
Sewer type
Public Sewer
Building Details
Year built
2007
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Cement Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Sellers Realty · Coldwell Banker Real Estate
(707) 822-4337
Listed By:
Teresa Lawrence · License #02061121
(707) 834-0041
Added: Sep 21
Last Checked: Sep 22 at 5:06AM
MLS# 273403
Copyright © 2026 Humboldt Association of Realtors. 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.
Built in 2007, this 2,580-square-foot duplex contains two side-by-side homes, each with 3 bedrooms, 2 bathrooms, and an oversized 2-car garage. The residences are separately metered and include garage laundry hookups, vaulted ceilings, oak cabinetry, laminate flooring, and carpet. Unit A adds a pantry, private patio and yard, newer carpet, waterproof LVP, updated lighting, paint, sink, faucet, and high-end appliances. Unit B measures approximately 1,230 square feet and features newer carpet and paint, along with a larger patio and yard.
The property occupies 0.28 acres on a private lane serving a flag lot and connects to public sewer. It is less than 10 minutes from Cal Poly Humboldt, about 5 minutes from the beach, and approximately 40 minutes from Redwood National and State Parks. Multi-Family zoning supports the duplex configuration.
The property occupies 0.28 acres on a private lane serving a flag lot and connects to public sewer. It is less than 10 minutes from Cal Poly Humboldt, about 5 minutes from the beach, and approximately 40 minutes from Redwood National and State Parks. Multi-Family zoning supports the duplex configuration.
Key Highlights
- Two side‑by‑side 3BR/2BA homes totaling 2,580 square feet
- Each residence includes an oversized 2‑car garage and W/D hookups
- Separately metered units on a private lane serving a flag lot
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
$33,381
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
3.93%
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%
$667,620
$667.6K
Cap Rate 7%
$476,871
$476.9K
Cap Rate 9%
$370,900
$370.9K
Market Conditions
NOI Build-Up for 2,580 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
$51.1K $19.80/SF
− Vacancy
−$3.4K −$1.32/SF
EGI
$47.7K $18.48/SF
− OpEx
−$14.3K −$5.54/SF
NOI
$33.4K $12.94/SF
Area
Humboldt County, CA
Vacancy
6.65%
Lease Rate
$19.80 /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%
$667,620
Cap Rate 7%
$476,871
Cap Rate 9%
$370,900
Alternative Uses
Best Use
Multifamily LT 5
$476.9K
$417.3K – $556.4K
NOI $33,381 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$438.9K
$384.0K – $512.0K
NOI $30,722 @ 7.0% cap · market cap 3.61%
Theoretical Best
Flex RnD
$974.3K
$852.5K – $1.14M
NOI $68,202 @ 7.0% cap · market cap 8.02%
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
516
Businesses Nearby
Explore this area
Business Placement
Demographics for 95519, CA
18,421
Population
8,240
Households
2.2
Avg Household Size
41
Median Age
38%
College-Educated
94%
High-School Grad
53.8 sq mi
ZIP Area
342
Density / Sq Mi
$66,687
Median Household Income
$38,291
Median Earnings
$1,442
Median Rent
$432,600
Median Home Value
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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 - Two separately metered residences offer three bedrooms, two bathrooms, and private outdoor areas.
Where is this duplex located?
The property is located at 1794 Edeline Avenue McKinleyville, CA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two side‑by‑side 3BR/2BA homes totaling 2,580 square feet; Each residence includes an oversized 2‑car garage and W/D hookups; Separately metered units on a private lane serving a flag lot
