Duplex with In-Ground
For Sale
$799,000
1941 N Main Street, Manteca, CA 95336
Two-home configuration with separate metering, RV accommodations, owned solar, and mixed-use zoning.
Property Size2,500 SF
Price / SF$319.60
Days on Market82
Property Features for 1941 N Main Street
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Multi-Family
Zoning
Mixed-use
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3-4BR/2BA, 1 x 3BR/2BA
Multifamily Units
2
Amenities
in-ground pool
owned solar
RV hookups
Fireplace
Central
Ceiling Fan(s)
Fireplace(s)
Pool, Public, Sewer Connected, Internet Available, Shingle, Fiberglass
Building Details
Year Built
1942
Buildings
2
Stories
2
Listing Agency:
RE/MAX GOLD Copperopolis
(209) 985-9620
Listed By:
Michael Mayer · License #01872139
Source:
Kw
Added: May 24
Changed: Aug 13
Last Checked: Aug 13 at 2:08AM
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 Copperopolis
Investment Insights
Based on property information with market context.
This duplex property includes two separate homes on one lot. The front residence measures approximately 1,500 square feet and has 3-4 bedrooms and 2 bathrooms. A private rear residence adds approximately 1,000 square feet with 3 bedrooms and 2 bathrooms. The rear unit is separately metered, and the property includes an in-ground pool, fireplace features, central cooling, ceiling fans, a newer roof, and owned solar equipment.
Two RV hookups and an RV are included with the property. Mixed-use zoning is in place, and the site is located near the heart of town with freeway access nearby. The property was built in 1942 and is located at 1941 N Main Street in Manteca, California.
Two RV hookups and an RV are included with the property. Mixed-use zoning is in place, and the site is located near the heart of town with freeway access nearby. The property was built in 1942 and is located at 1941 N Main Street in Manteca, California.
Key Highlights
- Two homes on one mixed‑use lot
- Front home: approximately 1,500 square feet, 3‑4 bedrooms, and 2 bathrooms
- Rear unit: approximately 1,000 square feet, 3 bedrooms, and 2 bathrooms
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
$33,091
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
4.14%
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%
$661,820
$661.8K
Cap Rate 7%
$472,729
$472.7K
Cap Rate 9%
$367,678
$367.7K
Market Conditions
NOI Build-Up for 2,500 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
$49.5K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$47.3K $18.91/SF
− OpEx
−$14.2K −$5.67/SF
NOI
$33.1K $13.24/SF
Area
San Joaquin County, CA
Vacancy
4.50%
Lease Rate
$19.80 /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%
$661,820
Cap Rate 7%
$472,729
Cap Rate 9%
$367,678
Alternative Uses
Best Use
Multifamily LT 5
$472.7K
$413.6K – $551.5K
NOI $33,091 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$439.0K
$384.1K – $512.2K
NOI $30,730 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$549.0K
$480.4K – $640.5K
NOI $38,430 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 95336, CA
47,281
Population
16,889
Households
2.8
Avg Household Size
39
Median Age
16%
College-Educated
85%
High-School Grad
38.3 sq mi
ZIP Area
1,234
Density / Sq Mi
$86,411
Median Household Income
$45,653
Median Earnings
$1,774
Median Rent
$522,800
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-home configuration with separate metering, RV accommodations, owned solar, and mixed-use zoning.
Where is this duplex located?
The property is located at 1941 N Main Street Manteca, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two homes on one mixed‑use lot; Front home: approximately 1,500 square feet, 3‑4 bedrooms, and 2 bathrooms; Rear unit: approximately 1,000 square feet, 3 bedrooms, and 2 bathrooms
