Updated Duplex with Private
For Sale
$930,000
1850-1852 Laurel Street, Napa, CA 94559
Residential Income, Napa, CA
Property Size1,492 SF
Lot Size0.12 Acres
Price / SF$623.32
Days on Market128
Property Features for 1850-1852 Laurel Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2
Parking
2
Appliances
Built-In Refrigerator, Free-Standing Gas Range
Lot features
Landscape Back, Landscape Front, Sidewalk
Directions
From Jefferson go west on Laurel
Subdivision
Napa
Standard status
Active
APN
004156010000
Size
1,492 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Amenities
private backyard
Building Details
Year built
1948
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Corcoran Icon Properties
(415) 266-3100
Listed By:
Chris J Wunderlich · License #1787555
(707) 529-0987
Added: Apr 21
Changed: Aug 19
Last Checked: Aug 26 at 5:06AM
MLS# 326032970
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 1,492 square feet on a 0.1245-acre lot and was built in 1948. The interiors have been updated with high-end finishes, while the property also includes a private backyard. A built-in refrigerator and free-standing gas range serve the kitchen, and heating is provided by wall furnaces.
The property is located on Laurel Street in Napa, California. Public water and public sewer support the site, and the roof is finished with composition shingles. The asset is classified as a duplex and is offered for sale.
The property is located on Laurel Street in Napa, California. Public water and public sewer support the site, and the roof is finished with composition shingles. The asset is classified as a duplex and is offered for sale.
Key Highlights
- 1,492‑square‑foot duplex on a 0.1245‑acre lot
- Updated interiors with high‑end finishes
- Private backyard
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
$26,366
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
2.84%
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%
$527,320
$527.3K
Cap Rate 7%
$376,657
$376.7K
Cap Rate 9%
$292,956
$293.0K
Market Conditions
NOI Build-Up for 1,492 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
$40.3K $27.00/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$37.7K $25.25/SF
− OpEx
−$11.3K −$7.57/SF
NOI
$26.4K $17.67/SF
Area
Napa County, CA
Vacancy
6.50%
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%
$527,320
Cap Rate 7%
$376,657
Cap Rate 9%
$292,956
Alternative Uses
Best Use
Multifamily LT 5
$376.7K
$329.6K – $439.4K
NOI $26,366 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$340.1K
$297.6K – $396.8K
NOI $23,805 @ 7.0% cap · market cap 2.56%
Theoretical Best
Specialty Retail
$3.01M
$2.63M – $3.51M
NOI $210,755 @ 7.0% cap · market cap 22.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,419
Businesses Nearby
Explore this area
Business Placement
Demographics for 94559, CA
28,137
Population
11,599
Households
2.4
Avg Household Size
40
Median Age
37%
College-Educated
84%
High-School Grad
41.4 sq mi
ZIP Area
680
Density / Sq Mi
$100,559
Median Household Income
$52,247
Median Earnings
$2,044
Median Rent
$877,100
Median Home Value
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 with updated interiors, a private rear yard, and public water and sewer service.
Where is this duplex located?
The property is located at 1850-1852 Laurel Street Napa, CA.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: 1,492‑square‑foot duplex on a 0.1245‑acre lot; Updated interiors with high‑end finishes; Private backyard
