Duplex with One Vacant
For Sale
$485,000
2225 E Myrtle St, Stockton, CA 95205
Duplex offering five bedrooms and two bathrooms, with one unit currently vacant and roof and HVAC systems about two years old.
Property Size1,568 SF
Price / SF$309.31
Days on Market71
Property Features for 2225 E Myrtle St
General Information
Standard status
Active
Size
1,568 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Building Details
Tenancy
Multi
Listing Agency:
eXp Realty of Northern CA, Inc
(510) 410-9278
Listed By:
Jayme Leftridge · License #02245840
(510) 410-9278
Source:
Exprealty
Added: Jun 22
Changed: Aug 23
Last Checked: Aug 30 at 9:07PM
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 eXp Realty of Northern CA, Inc
Investment Insights
Based on property information with market context.
This duplex includes a total of five bedrooms and two bathrooms across approximately 1,568 sq. ft. of living space, with one unit currently vacant. The interior features are described as updated, and the property has functional layouts designed for flexible occupancy.
The home is located at 2225 E Myrtle St in Stockton, with convenient access to local shopping, schools, downtown Stockton, and major commuter routes.
Roof and HVAC systems are reported to be about two years old, supporting ongoing functionality for either an owner-occupant strategy or an investor-led approach.
The home is located at 2225 E Myrtle St in Stockton, with convenient access to local shopping, schools, downtown Stockton, and major commuter routes.
Roof and HVAC systems are reported to be about two years old, supporting ongoing functionality for either an owner-occupant strategy or an investor-led approach.
Key Highlights
- Duplex built in 1962 with approximately 1,568 sq. ft. of living space
- 5 total bedrooms and 2 bathrooms across the two units
- One unit currently vacant, offering live‑in or rental‑income flexibility
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
$23,163
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
4.78%
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%
$463,260
$463.3K
Cap Rate 7%
$330,900
$330.9K
Cap Rate 9%
$257,367
$257.4K
Market Conditions
NOI Build-Up for 1,568 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
$34.8K $22.20/SF
− Vacancy
−$1.7K −$1.10/SF
EGI
$33.1K $21.10/SF
− OpEx
−$9.9K −$6.33/SF
NOI
$23.2K $14.77/SF
Area
ZIP 95205
Vacancy
4.94%
Lease Rate
$22.20 /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%
$463,260
Cap Rate 7%
$330,900
Cap Rate 9%
$257,367
Alternative Uses
Best Use
Multifamily LT 5
$330.9K
$289.5K – $386.1K
NOI $23,163 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$305.5K
$267.3K – $356.5K
NOI $21,387 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$416.1K
$364.1K – $485.5K
NOI $29,127 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
Explore this area
Business Placement
Demographics for 95205, CA
40,720
Population
11,722
Households
3.5
Avg Household Size
30
Median Age
5%
College-Educated
56%
High-School Grad
9.0 sq mi
ZIP Area
4,524
Density / Sq Mi
$58,138
Median Household Income
$32,253
Median Earnings
$1,264
Median Rent
$288,600
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 - Duplex offering five bedrooms and two bathrooms, with one unit currently vacant and roof and HVAC systems about two years old.
Where is this duplex located?
The property is located at 2225 E Myrtle St Stockton, CA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Duplex built in 1962 with approximately 1,568 sq. ft. of living space; 5 total bedrooms and 2 bathrooms across the two units; One unit currently vacant, offering live‑in or rental‑income flexibility
