10-Unit Apartment
For Sale
Contact for pricing
2308 Heiser Lane, Eureka, CA 95501
Five duplex buildings offer attached garages and private yards for every unit.
Property Size5,586 SF
Price / SF$196.92
Days on Market67
Property Features for 2308 Heiser Lane
General Information
Standard status
Active
Size
5,586 SF
Total Parking Spaces
10
Property subtype
Multifamily
Units
Unit Mix
2 x 2BR/1BA, 8 x 1BR/1BA
Multifamily Units
10
Amenities
private yard
Building Details
Year Built
1958
Buildings
5
Units
10
Listing Agency:
Coldwell Banker Commercial Pacific Partners Real Estate
Listed By:
J.B. Mathers · License #CA
Source:
Crexi
Added: Jul 31
Changed: Sep 26
Last Checked: Oct 4 at 10:04AM
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 Coldwell Banker Commercial Pacific Partners Real Estate
Investment Insights
Based on property information with market context.
This multifamily property comprises five duplex buildings with 10 total units and 5,586 square feet. The unit mix includes two 2-bedroom, 1-bath residences and eight 1-bedroom, 1-bath residences. Each unit has an attached garage with direct interior access and a private yard. Built in 1958, the property has dated interiors that may support future renovation work.
The property is located at 2308 Heiser Lane in Eureka, California, within an established residential setting. Its configuration provides a range of unit sizes across the community, while the garage and yard features are incorporated into each residence.
The property is located at 2308 Heiser Lane in Eureka, California, within an established residential setting. Its configuration provides a range of unit sizes across the community, while the garage and yard features are incorporated into each residence.
Key Highlights
- Five duplex buildings with 10 total units
- Unit mix includes two 2‑bedroom, 1‑bath units and eight 1‑bedroom, 1‑bath units
- 5,586 square feet built in 1958
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,273
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,445,460
$1.4M
Cap Rate 7%
$1,032,471
$1.0M
Cap Rate 9%
$803,033
$803.0K
Market Conditions
NOI Build-Up for 5,586 SF
Gross rent
$110.6K $19.80/SF
− Vacancy
−$7.4K −$1.32/SF
EGI
$103.2K $18.48/SF
− OpEx
−$31.0K −$5.54/SF
NOI
$72.3K $12.94/SF
Area
Humboldt County, CA
Vacancy
6.65%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,445,460
Cap Rate 7%
$1,032,471
Cap Rate 9%
$803,033
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$903.4K – $1.20M
NOI $72,273 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$950.2K
$831.5K – $1.11M
NOI $66,517 @ 7.0% cap · market cap 6.05%
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.
Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,182
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Apartment building - Five duplex buildings offer attached garages and private yards for every unit.
Where is this apartment building located?
The property is located at 2308 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; Unit mix includes two 2‑bedroom, 1‑bath units and eight 1‑bedroom, 1‑bath units; 5,586 square feet built in 1958
