Five-Duplex Multifamily
For Sale
$1,100,000
Pending
2308-2333 Heiser Lane, Eureka, CA 95501
The residential complex offers attached garages with interior access and private yards for each unit.
Property Size5,586 SF
Days on Market98
Property Features for 2308-2333 Heiser Lane
General Information
Standard status
Pending
Size
5,586 SF
Total Parking Spaces
10
Property subtype
Residential Income / Multi Family
Property Condition
Severity
Repairs Needed
Evidence
somewhat dated
Units
Unit Mix
2 x 2BR/1BA, 8 x 1BR/1BA
Multifamily Units
10
Amenities
attached garage
private yard
Sidewalks
Building Details
Year Built
1958
Buildings
5
Listing Agency:
C.B. Commercial Pacific Partners Real Estate
Listed By:
JB Mathers · License #01872025
(707) 442-2222
Source:
Compass
Added: Jul 28
Changed: Oct 30
Last Checked: Nov 1 at 8:01AM
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 C.B. Commercial Pacific Partners Real Estate
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Investment Insights
Based on property information with market context.
Five duplexes comprise a 10-unit multifamily property totaling 5,586 square feet. Built in 1958, the buildings contain two 2-bedroom, 1-bath units and eight 1-bedroom, 1-bath units. Each apartment has an attached garage with direct interior entry and a private yard; sidewalks are also present on the property.
The property is at 2308-2333 Heiser Lane in Eureka, California. The units are described as somewhat dated, with their existing layouts and features providing a clear picture of the current configuration.
The property is at 2308-2333 Heiser Lane in Eureka, California. The units are described as somewhat dated, with their existing layouts and features providing a clear picture of the current configuration.
Key Highlights
- Five duplex buildings with 10 total units
- 5,586 square feet; built in 1958
- Unit mix includes two 2‑bedroom, 1‑bath units and eight 1‑bedroom, 1‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,517
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,340
$1.3M
Cap Rate 7%
$950,243
$950.2K
Cap Rate 9%
$739,078
$739.1K
Market Conditions
NOI Build-Up for 5,586 SF
Gross rent
$130.0K $23.28/SF
− Vacancy
−$9.1K −$1.63/SF
EGI
$120.9K $21.65/SF
− OpEx
−$54.4K −$9.74/SF
NOI
$66.5K $11.91/SF
Area
Humboldt County, CA
Vacancy
7.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,340
Cap Rate 7%
$950,243
Cap Rate 9%
$739,078
Alternative Uses
Best Use
Apartment 5plus
$950.2K
$831.5K – $1.11M
NOI $66,517 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.11M
$1.85M – $2.46M
NOI $147,666 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,182
Businesses Nearby
Explore this area
Business Placement
Demographics for 95501, CA
23,323
Population
10,577
Households
2.2
Avg Household Size
38
Median Age
34%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
3,195
Density / Sq Mi
$55,076
Median Household Income
$34,476
Median Earnings
$1,151
Median Rent
$389,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The residential complex offers attached garages with interior access and private yards for each unit.
Where is this multifamily property located?
The property is located at 2308-2333 Heiser Lane Eureka, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Five duplex buildings with 10 total units; 5,586 square feet; built in 1958; Unit mix includes two 2‑bedroom, 1‑bath units and eight 1‑bedroom, 1‑bath units
