Duplex with Rear
For Sale
$399,999
1845 Myrtle Avenue, Eureka, CA 95501
Multi-Family, Eureka, CA
Property Size2,072 SF
Lot Size0.26 Acres
Price / SF$193.05
Days on Market57
Property Features for 1845 Myrtle Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Single Family
Zoning description
Single Family, Multi-Family, Commercial
Bedrooms
3
Bathrooms
1
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 3
Interior features
Wood Stove
Elementary school
Lafayette
Middle school
Zane
High school
Eureka
High school district
Eureka
Directions
Heading north on on 5th street you will turn right at the last stop light in town towards Myrtle Ave. Follow Myrtle Ave until you reach 1845 Myrtle, home will be on your left hand side of the road
Subdivision
South Bay
Standard status
Active
APN
015-141-016-000
Size
2,072 SF
Lot size
0.26 Acres
Utilities
Heating system
Wall Furnace, Wood, Wood Stove
Building Details
Year built
1936
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Carpet
Roof type
Shingle
Listing Agency:
Benchmark Realty Group/ Mb
(707) 476-0200
Listed By:
Colleen Rasmussen · License #02066171
(707) 616-5693
Added: Aug 12
Changed: Oct 7
Last Checked: Oct 7 at 7:06PM
MLS# 273116
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.
This 1936 redwood residence offers 2,072 square feet, with a small studio positioned at the rear of the property. Interior details include hardwood and carpet flooring, plus a wood stove and wall furnace. The property is being sold as-is.
The 0.26-acre parcel is located at 1845 Myrtle Avenue in Eureka. The recorded zoning descriptions conflict, so no zoning designation is included.
The 0.26-acre parcel is located at 1845 Myrtle Avenue in Eureka. The recorded zoning descriptions conflict, so no zoning designation is included.
Key Highlights
- 2,072‑square‑foot redwood residence built in 1936
- Separate small studio at the rear of the property
- 0.26‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,808
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,160
$536.2K
Cap Rate 7%
$382,971
$383.0K
Cap Rate 9%
$297,867
$297.9K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$41.0K $19.80/SF
− Vacancy
−$2.7K −$1.32/SF
EGI
$38.3K $18.48/SF
− OpEx
−$11.5K −$5.54/SF
NOI
$26.8K $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 Rate 5%
$536,160
Cap Rate 7%
$382,971
Cap Rate 9%
$297,867
Alternative Uses
Best Use
Multifamily LT 5
$383.0K
$335.1K – $446.8K
NOI $26,808 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$352.5K
$308.4K – $411.2K
NOI $24,673 @ 7.0% cap · market cap 6.17%
Theoretical Best
Flex RnD
$782.5K
$684.7K – $912.9K
NOI $54,773 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
Explore this area
Business Placement
Demographics for 95501, CA
23,323
Population
10,577
Households
2.2
Avg Household Size
38
Median Age
34%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
3,195
Density / Sq Mi
$55,076
Median Household Income
$34,476
Median Earnings
$1,151
Median Rent
$389,900
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 - A wood residence with a separate rear studio and a 0.26-acre parcel.
Where is this duplex located?
The property is located at 1845 Myrtle Avenue Eureka, CA.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 2,072‑square‑foot redwood residence built in 1936; Separate small studio at the rear of the property; 0.26‑acre parcel
