Remodeled Two-Unit
1923 Pawnee Way Stockton, CA 95209
1923 Pawnee Way, Stockton, CA, 95209
$519,999
For Sale
$519,999
Duplex offers one remodeled unit and one unit with a 2-car garage, with updated finishes and well-maintained major systems.
Property Size2,220 SF
Price / SF$234.23
Days on Market111
Property Features for 1923 Pawnee Way
General Information
- Standard status
- Active
- Size
- 2,220 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1980
Listing agency
Coldwell Banker Realty
(408) 858-2318
Listed by
Eppie Lum · License #01333261
(408) 858-2318
Source
Exitrealty
Added: Apr 3 Updated: Jul 22 at 6:35AM Checked: Jul 22 at 6:35AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This for-sale duplex consists of two residential units: a 2-bedroom, 2-bath unit and a 3-bedroom, 2-bath unit. The 2-bedroom side was remodeled about a year ago, including updates to the kitchen remodel and both bathrooms, along with fresh paint, updated flooring, and lighting. The 3-bedroom unit includes a 2-car garage. Reported roof, HVAC, and water heaters have been well maintained.
The property is located in Stockton and described as having Lodi schools. Access is noted as easy to major highways including I-5, SR-99, and SR-88, with nearby neighborhood shops and restaurants. SuperWalmart is described as about 10 minutes away and Costco about 14 minutes away.
As presented, the duplex provides an owner-occupant or investor configuration with one recently refreshed unit and a second unit that is occupied by a long-time tenant.
The property is located in Stockton and described as having Lodi schools. Access is noted as easy to major highways including I-5, SR-99, and SR-88, with nearby neighborhood shops and restaurants. SuperWalmart is described as about 10 minutes away and Costco about 14 minutes away.
As presented, the duplex provides an owner-occupant or investor configuration with one recently refreshed unit and a second unit that is occupied by a long-time tenant.
Key Highlights
- Duplex built in 1980 with two units: 3 bed/2 bath and 2 bed/2 bath
- Remodeled 2‑bedroom unit updated about a year ago with kitchen remodel and 2 bath remodel, plus fresh paint, floors, and lighting
- 3‑bedroom unit includes a 2‑car garage and is currently occupied by a long‑time tenant
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.3k | $22.20 |
| − Vacancy | −$2.1k | −$0.93 |
| EGI | $47.2k | $21.27 |
| − OpEx | −$14.2k | −$6.38 |
| NOI | $33.0k | $14.89 |
2,220 SF · lease $22.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$472.1K
$413.1K – $550.8K
NOI $33,050 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$422.9K
$370.0K – $493.3K
NOI $29,600 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$479.5K
$419.6K – $559.4K
NOI $33,566 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offers one remodeled unit and one unit with a 2-car garage, with updated finishes and well-maintained major systems.
Where is this duplex located?
The property is located at 1923 Pawnee Way Stockton, CA.
What is the asking price?
The asking price for this property is $519,999.
What are key features of this property?
This property features: Duplex built in 1980 with two units: 3 bed/2 bath and 2 bed/2 bath; Remodeled 2‑bedroom unit updated about a year ago with kitchen remodel and 2 bath remodel, plus fresh paint, floors, and lighting; 3‑bedroom unit includes a 2‑car garage and is currently occupied by a long‑time tenant
