Occupied Duplex with Two-Car
For Sale
$389,999
207 E Adams Street, Stockton, CA 95204
Two occupied residences provide an established rental configuration with separate interior laundry areas.
Property Size1,523 SF
Days on Market185
Property Features for 207 E Adams Street
General Information
Standard status
Active
Size
1,523 SF
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
in-unit laundry
Wall Unit(s)
Wall Furnace
Window Unit(s)
Sewer In & Connected, Electric, Natural Gas Connected
Building Details
Building Size
1,523 SF
Year Built
1947
Stories
1
Listing Agency:
Delta Properties
(209) 470-7335
Listed By:
Stephanie Royal · License #01406411
Source:
Kw
Added: Feb 26
Changed: Aug 30
Last Checked: Aug 30 at 2:55AM
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 Delta Properties
Investment Insights
Based on property information with market context.
This duplex contains two one-bedroom, one-bath units, both occupied at present. One residence retains hardwood floors, tile finishes, and ample cabinetry, while the other features LVP flooring, updated kitchen countertops, and a newer stove. Each unit includes an interior laundry area. A newer roof and dual-pane windows are additional building improvements, and heating and cooling are provided through wall furnaces, wall units, and window units.
The property also includes a two-car garage that may be convertible to an additional living area or ADU, subject to applicable approvals. Connected services include sewer, electric, and natural gas. Constructed in 1947, the duplex offers a combination of existing rental occupancy, differentiated interior finishes, and garage utility.
The property also includes a two-car garage that may be convertible to an additional living area or ADU, subject to applicable approvals. Connected services include sewer, electric, and natural gas. Constructed in 1947, the duplex offers a combination of existing rental occupancy, differentiated interior finishes, and garage utility.
Key Highlights
- Two one‑bedroom, 1 bath units, both currently occupied
- Newer roof and dual pane windows
- One unit with hardwood flooring, tile, and extensive cabinet space
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
$21,321
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
5.47%
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%
$426,420
$426.4K
Cap Rate 7%
$304,586
$304.6K
Cap Rate 9%
$236,900
$236.9K
Market Conditions
NOI Build-Up for 1,523 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
$32.9K $21.60/SF
− Vacancy
−$2.4K −$1.60/SF
EGI
$30.5K $20.00/SF
− OpEx
−$9.1K −$6.00/SF
NOI
$21.3K $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%
$426,420
Cap Rate 7%
$304,586
Cap Rate 9%
$236,900
Alternative Uses
Best Use
Multifamily LT 5
$304.6K
$266.5K – $355.4K
NOI $21,321 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$264.8K
$231.7K – $308.9K
NOI $18,536 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$411.9K
$360.4K – $480.5K
NOI $28,830 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,819
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 occupied residences provide an established rental configuration with separate interior laundry areas.
Where is this duplex located?
The property is located at 207 E Adams Street Stockton, CA.
What is the asking price?
The asking price for this property is $389,999.
What are key features of this property?
This property features: Two one‑bedroom, 1 bath units, both currently occupied; Newer roof and dual pane windows; One unit with hardwood flooring, tile, and extensive cabinet space
