Duplex with Long-Term
For Sale
$649,999
2217 Manzanita Way, Antioch, CA 94509
Two occupied units offer a two-bedroom layout, with one including one-and-a-half baths.
Property Size2,072 SF
Price / SF$313.71
Days on Market227
Property Features for 2217 Manzanita Way
General Information
Standard status
Active
Size
2,072 SF
Property subtype
Multi Family
Units
Unit Mix
2BR/1BA, 2BR/1.5BA
Multifamily Units
2
Building Details
Year Built
1972
Buildings
1
Listing Agency:
Vincent Parker, Broker
Listed By:
Vincent Parker · License #02083543
(510) 688-5209
Source:
Exitrealty
Added: Mar 5
Changed: Oct 1
Last Checked: Oct 5 at 5:40PM
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 Vincent Parker, Broker
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,072 square feet and was built in 1972. The unit mix includes one two-bedroom, one-bath apartment and a second two-bedroom apartment with one-and-a-half baths. Both residences are described as being in good condition.
The property is located at 2217 Manzanita Way in Antioch, California. Both apartments have long-term tenants who want to remain, providing established occupancy for the next owner.
The property is located at 2217 Manzanita Way in Antioch, California. Both apartments have long-term tenants who want to remain, providing established occupancy for the next owner.
Key Highlights
- Two‑unit duplex with 2,072 square feet
- Unit mix includes one 2/1 and one 2/1.5
- Both units have long‑term tenants who wish to stay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,474
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,480
$709.5K
Cap Rate 7%
$506,771
$506.8K
Cap Rate 9%
$394,156
$394.2K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$53.5K $25.80/SF
− Vacancy
−$2.8K −$1.34/SF
EGI
$50.7K $24.46/SF
− OpEx
−$15.2K −$7.34/SF
NOI
$35.5K $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%
$709,480
Cap Rate 7%
$506,771
Cap Rate 9%
$394,156
Alternative Uses
Best Use
Multifamily LT 5
$506.8K
$443.4K – $591.2K
NOI $35,474 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$471.0K
$412.2K – $549.5K
NOI $32,972 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$627.6K
$549.2K – $732.3K
NOI $43,935 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Explore this area
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?
Duplex - Two occupied units offer a two-bedroom layout, with one including one-and-a-half baths.
Where is this duplex located?
The property is located at 2217 Manzanita Way Antioch, CA.
What is the asking price?
The asking price for this property is $649,999.
What are key features of this property?
This property features: Two‑unit duplex with 2,072 square feet; Unit mix includes one 2/1 and one 2/1.5; Both units have long‑term tenants who wish to stay
