Duplex with Separate
For Sale
$350,000
1900 N El Dorado Street #1902, Stockton, CA 95204
Two distinct residences provide separate entry points and individually metered electricity.
Property Size2,008 SF
Price / SF$174.30
Days on Market30
Property Features for 1900 N El Dorado Street #1902
General Information
Standard status
Active
Size
2,008 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
needs some updating and modernization
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
Central
Wall Furnace
Varies by Unit
Ceiling Fan(s)
Window Unit(s)
Varies By Unit
City, Sewer In & Connected, Solar, Natural Gas Connected, Shingle
Building Details
Year Built
1921
Buildings
1
Stories
2
Listing Agency:
PMZ Real Estate
Listed By:
Izumi Assauw · License #01904630
(209) 639-5680
Source:
Kw
Added: Aug 15
Changed: Sep 12
Last Checked: Sep 12 at 11:06AM
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 PMZ Real Estate
Investment Insights
Based on property information with market context.
Located at 1900 N. El Dorado Street #1902 in Stockton, this 1921 duplex contains approximately 2,008 sq. ft. across two residences. The larger unit includes 3 bedrooms and 2 full baths, while the upstairs unit has 1 bedroom and 1 full bath. Each residence has its own entrance and electric meter, creating clear separation between the units.
A partial basement adds storage or flexible auxiliary space. Interior systems and finishes vary by unit and include central heating or cooling, wall furnaces, ceiling fans, and window units. The property is connected to city sewer, natural gas, and solar service. Its Central Stockton setting places the duplex near schools, shopping, local amenities, and transportation. Updating is needed, providing a defined renovation scope for a buyer seeking to modernize the residences.
A partial basement adds storage or flexible auxiliary space. Interior systems and finishes vary by unit and include central heating or cooling, wall furnaces, ceiling fans, and window units. The property is connected to city sewer, natural gas, and solar service. Its Central Stockton setting places the duplex near schools, shopping, local amenities, and transportation. Updating is needed, providing a defined renovation scope for a buyer seeking to modernize the residences.
Key Highlights
- Approximately 2,008 sq. ft. of total living space
- 3‑bedroom, 2‑full‑bath primary unit
- Upstairs 1‑bedroom, 1‑full‑bath unit
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
$28,111
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
8.03%
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%
$562,220
$562.2K
Cap Rate 7%
$401,586
$401.6K
Cap Rate 9%
$312,344
$312.3K
Market Conditions
NOI Build-Up for 2,008 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
$43.4K $21.60/SF
− Vacancy
−$3.2K −$1.60/SF
EGI
$40.2K $20.00/SF
− OpEx
−$12.0K −$6.00/SF
NOI
$28.1K $14.00/SF
Area
Stockton, CA
Vacancy
7.41%
Lease Rate
$21.60 /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%
$562,220
Cap Rate 7%
$401,586
Cap Rate 9%
$312,344
Alternative Uses
Best Use
Multifamily LT 5
$401.6K
$351.4K – $468.5K
NOI $28,111 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$349.1K
$305.5K – $407.3K
NOI $24,438 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$543.0K
$475.1K – $633.5K
NOI $38,011 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Explore this area
Business Placement
Demographics for 95204, CA
30,719
Population
12,354
Households
2.5
Avg Household Size
37
Median Age
20%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
5,796
Density / Sq Mi
$71,792
Median Household Income
$42,361
Median Earnings
$1,381
Median Rent
$358,300
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 distinct residences provide separate entry points and individually metered electricity.
Where is this duplex located?
The property is located at 1900 N El Dorado Street #1902 Stockton, CA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 2,008 sq. ft. of total living space; 3‑bedroom, 2‑full‑bath primary unit; Upstairs 1‑bedroom, 1‑full‑bath unit
