Historic 8-Unit Apartment
234 Clark Street Eureka, CA 95501
234 Clark Street, Eureka, CA, 95501
$929,000
For Sale
$929,000
MULTI_FAMILY - Other - Eureka, CA
Property Size5,540 SF
Lot Size0.31 Acres
Price / SF$167.69
Days on Market49
Property Features for 234 Clark Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Yes
- Bedrooms
- 7
- Bathrooms
- 8
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 3, Bathroom 1, Bathroom 5, Bathroom 6, Bedroom 7, Bathroom 7, Bathroom 4, Bathroom 8, Bedroom 1
- Parking features
- Other
- Standard status
- Active
- Size
- 5,540 SF
- Lot size
- 0.31 Acres
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1892
- Number of units
- 1
- Flooring type
- Carpet, Vinyl
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
EXP Realty of California, Inc.
(888) 584-9427
2603 Camino Ramon Ste 200, San Ramon, CA
Listed by
Michael Monaghan · License #01247489
(707) 496-0669
Added: Jun 1 Checked: Jul 19 at 2:06 am
MLS# 272476
Listing URL
Copyright © 2026 Humboldt Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This historic 8-unit Queen Anne Victorian apartment building was built in 1892 and later converted into eight units in 1939. The current unit mix consists of seven 1-bedroom, 1-bath units and one studio unit. The property is reported to have been meticulously maintained, with substantial recent improvements noted in the remarks.
The building is situated on a double lot and is zoned R3 (Residential High Density). The City of Eureka indicates the parcel may be subdividable into two additional lots, with potential for up to 17 more units, subject to review of the attached City materials.
With its established unit count and on-site development-related considerations from the City, the property is positioned for buyers looking at both income-producing use and potential redevelopment pathways, based on the documentation provided.
The building is situated on a double lot and is zoned R3 (Residential High Density). The City of Eureka indicates the parcel may be subdividable into two additional lots, with potential for up to 17 more units, subject to review of the attached City materials.
With its established unit count and on-site development-related considerations from the City, the property is positioned for buyers looking at both income-producing use and potential redevelopment pathways, based on the documentation provided.
Key Highlights
- Historic Queen Anne Victorian built in 1892 by Warren Jones; converted to an 8‑unit property in 1939
- 8 units total: seven 1‑bedroom, 1‑bath units plus one studio unit
- Double lot with City of Eureka stating parcel may be subdividable into two additional lots with up to 17 more units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.0k | $23.28 |
| − Vacancy | −$9.0k | −$1.63 |
| EGI | $119.9k | $21.65 |
| − OpEx | −$54.0k | −$9.74 |
| NOI | $66.0k | $11.91 |
5,540 SF · lease $23.28/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$942.4K
$824.6K – $1.10M
NOI $65,969 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.09M
$1.83M – $2.44M
NOI $146,450 @ 7.0% cap · market cap 15.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Historic 8-unit property features seven 1-bedroom units and one studio on a double lot.
Where is this apartment building located?
The property is located at 234 Clark Street Eureka, CA.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Historic Queen Anne Victorian built in 1892 by Warren Jones; converted to an 8‑unit property in 1939; 8 units total: seven 1‑bedroom, 1‑bath units plus one studio unit; Double lot with City of Eureka stating parcel may be subdividable into two additional lots with up to 17 more units
