Victorian Triplex with Updated
For Sale
$409,000
208 N Oregon St, Yreka, CA 96097
Historic three-unit property with period character, modernized interiors, private laundry, and off-street parking.
Property Size3,014 SF
Price / SF$135.70
Days on Market199
Property Features for 208 N Oregon St
General Information
Standard status
Active
Size
3,014 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR/1BA, 1 x studio/1BA, 1 x 2BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$51,300
Amenities
mini-split HVAC
in-unit laundry
irrigated lawn
off-street parking
Building Details
Buildings
1
Construction
Victorian
Listing Agency:
Kindred SF Homes
Listed By:
Kelly Winterhalter
(860) 690-6619
Source:
Exprealty
Added: Feb 26
Changed: Sep 11
Last Checked: Sep 12 at 10:47AM
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 Kindred SF Homes
Investment Insights
Based on property information with market context.
This 3,014-square-foot Victorian triplex at 208 N Oregon St in Yreka combines preserved architectural character with practical rental improvements. The unit mix includes a one-bedroom apartment, a studio, and a two-bedroom apartment, with one bathroom in each unit. Tall ceilings and large windows complement updated interiors, while mini-split HVAC and in-unit laundry serve all three residences.
The property includes an irrigated lawn with sprinklers and off-street parking. Its downtown Yreka setting provides a walkable central location. Long-term tenants are in place, and approved ADU plans are included. Showings require 24-hour notice.
The property includes an irrigated lawn with sprinklers and off-street parking. Its downtown Yreka setting provides a walkable central location. Long-term tenants are in place, and approved ADU plans are included. Showings require 24-hour notice.
Key Highlights
- 3,014 SF Victorian triplex in downtown Yreka
- Unit mix includes 1br, studio, and 2br apartments
- Mini‑split HVAC and in‑unit laundry in all units
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
$26,660
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
6.52%
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%
$533,200
$533.2K
Cap Rate 7%
$380,857
$380.9K
Cap Rate 9%
$296,222
$296.2K
Market Conditions
NOI Build-Up for 3,014 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
$39.8K $13.20/SF
− Vacancy
−$1.7K −$0.56/SF
EGI
$38.1K $12.64/SF
− OpEx
−$11.4K −$3.79/SF
NOI
$26.7K $8.85/SF
Area
Siskiyou County, CA
Vacancy
4.27%
Lease Rate
$13.20 /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%
$533,200
Cap Rate 7%
$380,857
Cap Rate 9%
$296,222
Alternative Uses
Best Use
Multifamily LT 5
$380.9K
$333.3K – $444.3K
NOI $26,660 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$352.8K
$308.7K – $411.6K
NOI $24,696 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$886.6K
$775.8K – $1.03M
NOI $62,064 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 96097, CA
10,131
Population
4,737
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
91%
High-School Grad
181.7 sq mi
ZIP Area
56
Density / Sq Mi
$47,105
Median Household Income
$36,325
Median Earnings
$984
Median Rent
$256,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Historic three-unit property with period character, modernized interiors, private laundry, and off-street parking.
Where is this triplex located?
The property is located at 208 N Oregon St Yreka, CA.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: 3,014 SF Victorian triplex in downtown Yreka; Unit mix includes 1br, studio, and 2br apartments; Mini‑split HVAC and in‑unit laundry in all units
