Triplex With Off-Street
For Sale
$809,000
2008 Marin St, Vallejo, CA 94590
MULTI_FAMILY - Vallejo, CA
Property Size2,716 SF
Lot Size0.17 Acres
Price / SF$297.86
Days on Market202
Property Features for 2008 Marin St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 3, Bathroom 2, Bathroom 5, Bedroom 4, Bathroom 6, Bedroom 2, Bathroom 7, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 7, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 8
Parking features
Off Street
Exterior features
No Yard
Appliances
Gas Water Heater
Subdivision
Vallejo Heights
Lot features
Rectangular Lot
Standard status
Active
APN
0051233160
Size
2,716 SF
Lot size
0.17 Acres
Utilities
Heating system
Wall Furnace
Building Details
Year built
1966
Number of units
3
Flooring type
Carpet, Vinyl
Building materials
Stucco
Roof type
Composition
Listing Agency:
Keller Williams Tri-Valley · Keller Williams Realty
(925) 397-4200
Listed By:
Max Manatt · License #01957416
(925) 980-3375
Added: Jan 19
Changed: Aug 2
Last Checked: Aug 9 at 5:06PM
MLS# 41121339
Copyright © 2026 Bay East. 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 triplex at 2008 Marin St features tenants in place and includes a stucco exterior with a composition roof. Interior finishes include carpet and vinyl flooring, and the home has wall furnace heating. Appliances include a gas water heater, and the property is set up with off-street parking, with no yard.
Built in 1966, the property sits on a 0.1722-acre lot and includes 2,716 square feet of total building area. The property is located in an established residential neighborhood close to downtown, shopping, and transportation.
Built in 1966, the property sits on a 0.1722-acre lot and includes 2,716 square feet of total building area. The property is located in an established residential neighborhood close to downtown, shopping, and transportation.
Key Highlights
- Tenants in place in this triplex at 2008 Marin St
- 0.1722‑acre lot with no yard
- 2,716 SF total building area
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
$52,821
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
6.53%
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%
$1,056,420
$1.1M
Cap Rate 7%
$754,586
$754.6K
Cap Rate 9%
$586,900
$586.9K
Market Conditions
NOI Build-Up for 2,716 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
$79.9K $29.40/SF
− Vacancy
−$4.4K −$1.62/SF
EGI
$75.5K $27.78/SF
− OpEx
−$22.6K −$8.33/SF
NOI
$52.8K $19.45/SF
Area
Vallejo, CA
Vacancy
5.50%
Lease Rate
$29.40 /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%
$1,056,420
Cap Rate 7%
$754,586
Cap Rate 9%
$586,900
Alternative Uses
Best Use
Multifamily LT 5
$754.6K
$660.3K – $880.4K
NOI $52,821 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$677.7K
$593.0K – $790.7K
NOI $47,441 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,529 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,838
Businesses Nearby
Explore this area
Business Placement
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
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?
Triplex - Triplex with tenants in place, off-street parking, and a stucco exterior on a small no-yard lot.
Where is this triplex located?
The property is located at 2008 Marin St Vallejo, CA.
What is the asking price?
The asking price for this property is $809,000.
What are key features of this property?
This property features: Tenants in place in this triplex at 2008 Marin St; 0.1722‑acre lot with no yard; 2,716 SF total building area
