Four-Unit Multifamily Property with
New
For Sale
$950,000
215 W 3rd St, Antioch, CA 94509
Each occupied residence has a private deck, carport parking, and separately metered gas and electric service.
Property Size4,032 SF
Lot Size0.17 Acres
Price / SF$235.62
Days on Market4
Property Features for 215 W 3rd St
General Information
Standard status
Active
Size
4,032 SF
Lot size
0.17 Acres
Property subtype
Multi Family Home
Zoning
R-20
Occupancy
100%
Net Operating Income
$36,981
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Individually Metered Utilities
gas, electric
Additional Details
Average Monthly Rent
$1,546
Tenant in Place
Yes
Amenities
private deck
carport parking
Building Details
Building Size
4,032 SF
Year Built
1950
Buildings
1
Stories
1
Listing Agency:
Haylen Group
Listed By:
Helen Chong · License #01700495
(408) 800-5478
Source:
Firesiderealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 1:19PM
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 Haylen Group
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Investment Insights
Based on property information with market context.
This four-unit multifamily property contains four two-bedroom, two-bath residences in a 4,032-square-foot building on a 7,500-square-foot lot. Constructed in 1950, the property includes carport parking and individual gas and electric meters. Private decks offer views of the waterfront, and all units are tenant occupied. The site is zoned R-20.
Set along W 3rd Street in Antioch’s central street grid, the property is within walking distance of the civic core and San Joaquin River waterfront. A Street and L Street provide connections to Highway 4, with the Antioch BART station nearby.
Set along W 3rd Street in Antioch’s central street grid, the property is within walking distance of the civic core and San Joaquin River waterfront. A Street and L Street provide connections to Highway 4, with the Antioch BART station nearby.
Key Highlights
- Four two‑bedroom, two‑bath residences
- 4,032‑square‑foot building on a 7,500‑square‑foot lot
- Built in 1950; zoned R‑20
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,031
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,620
$1.4M
Cap Rate 7%
$986,157
$986.2K
Cap Rate 9%
$767,011
$767.0K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$104.0K $25.80/SF
− Vacancy
−$5.4K −$1.34/SF
EGI
$98.6K $24.46/SF
− OpEx
−$29.6K −$7.34/SF
NOI
$69.0K $17.12/SF
Area
Antioch, CA
Vacancy
5.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,620
Cap Rate 7%
$986,157
Cap Rate 9%
$767,011
Alternative Uses
Best Use
Multifamily LT 5
$986.2K
$862.9K – $1.15M
NOI $69,031 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$916.6K
$802.0K – $1.07M
NOI $64,162 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,495 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
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Business Placement
Demographics for 94509, CA
69,931
Population
24,048
Households
2.9
Avg Household Size
36
Median Age
19%
College-Educated
82%
High-School Grad
17.4 sq mi
ZIP Area
4,019
Density / Sq Mi
$81,512
Median Household Income
$42,401
Median Earnings
$2,052
Median Rent
$565,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each occupied residence has a private deck, carport parking, and separately metered gas and electric service.
Where is this quadplex located?
The property is located at 215 W 3rd St Antioch, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four two‑bedroom, two‑bath residences; 4,032‑square‑foot building on a 7,500‑square‑foot lot; Built in 1950; zoned R‑20
