Two Contiguous Duplexes For
For Sale
$899,950
1913 West Mendocino Avenue, Stockton, CA 95204
Two duplexes with hardwood floors and individual garages.
Property Size1,914 SF
Price / SF$470.19
Days on Market335
Property Features for 1913 West Mendocino Avenue
General Information
Standard status
Active
Size
1,914 SF
Property subtype
Residential Income / Duplex
Zoning
R-L
Amenities
false
Ceiling Fan(s), Wall Unit(s), Window Unit(s)
Central, Wall Furnace, Natural Gas
220 Volts
Tile, Vinyl, Wood
0.0
Built-In Electric Oven, Built-In Electric Range, Gas Water Heater, Dishwasher, Microwave, Free Standing Electric Oven
Coin Operated, In Common Area
Composition
One
1
Raised, Concrete Perimeter
Other
Stucco
Building Details
Year Built
1953
Listing Agency:
RE/MAX Gold Woodland
(530) 304-5304
Listed By:
Byron MacConnell · License #01999857
(530) 304-5304
Source:
Compass
Added: Sep 26, 2025
Changed: Aug 26
Last Checked: Aug 26 at 1:41PM
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 Woodland
Investment Insights
Based on property information with market context.
Two contiguous duplexes are being sold together. Each unit features hardwood floors and its own garage. A shared laundry room is available for all units. The property size is 1914 square feet.
Key Highlights
- Two Contiguous Duplexes Being Sold Together
- Each Unit Has Its Own Garage
- Beautiful Hardwood Floors
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
$26,795
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
2.98%
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%
$535,900
$535.9K
Cap Rate 7%
$382,786
$382.8K
Cap Rate 9%
$297,722
$297.7K
Market Conditions
NOI Build-Up for 1,914 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
$41.3K $21.60/SF
− Vacancy
−$3.1K −$1.60/SF
EGI
$38.3K $20.00/SF
− OpEx
−$11.5K −$6.00/SF
NOI
$26.8K $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%
$535,900
Cap Rate 7%
$382,786
Cap Rate 9%
$297,722
Alternative Uses
Best Use
Multifamily LT 5
$382.8K
$334.9K – $446.6K
NOI $26,795 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$332.8K
$291.2K – $388.2K
NOI $23,294 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$517.6K
$452.9K – $603.9K
NOI $36,231 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
373
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two duplexes with hardwood floors and individual garages.
Where is this duplex located?
The property is located at 1913 West Mendocino Avenue Stockton, CA.
What is the asking price?
The asking price for this property is $899,950.
What are key features of this property?
This property features: Two Contiguous Duplexes Being Sold Together; Each Unit Has Its Own Garage; Beautiful Hardwood Floors
