Queen Anne Apartment
For Sale
$919,000
Pending
234 Clark Street, Eureka, CA 95501
Multi-Family, Eureka, CA
Property Size5,540 SF
Lot Size0.31 Acres
Days on Market140
Property Features for 234 Clark Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Zoning description
Multi-Family
Bedrooms
7
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 2, Bedroom 2, Bathroom 6, Bathroom 8, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 6, Bathroom 7, Bedroom 1, Bedroom 7, Bedroom 4, Bathroom 3
Parking features
Other
Lot features
Flat
View
Hills, City
Middle school
Zane
High school
Eureka
High school district
Eureka
Directions
E street to Clark. Property on the South side
Subdivision
South Bay
Standard status
Pending
APN
004-163-020
Size
5,540 SF
Lot size
0.31 Acres
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Building Details
Year built
1892
Floors in Building
3
Number of units
8
Flooring type
Vinyl, Carpet
Roof type
Shingle
Listing Agency:
EXP Realty of California, Inc.
(888) 584-9427
Listed By:
Michael Monaghan · License #01247489
(707) 496-0669
Added: Jun 1
Changed: Oct 7
Last Checked: Oct 18 at 2:06PM
MLS# 272476
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.
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Investment Insights
Based on property information with market context.
This Queen Anne-style apartment property contains 5,540 square feet across eight units: seven one-bedroom, one-bath apartments and one studio. The building dates to 1892 and occupies a 0.31-acre parcel in Eureka. Multi-family zoning is identified in the property data.
City information cited for the parcel indicates it may be eligible for division into two additional lots and could accommodate up to 17 additional units. These possibilities are subject to the city’s review and applicable requirements.
City information cited for the parcel indicates it may be eligible for division into two additional lots and could accommodate up to 17 additional units. These possibilities are subject to the city’s review and applicable requirements.
Key Highlights
- Eight units: seven 1‑bedroom, 1‑bath apartments and one studio
- 5,540 square feet on a 0.31‑acre parcel
- Built in 1892
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,969
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,380
$1.3M
Cap Rate 7%
$942,414
$942.4K
Cap Rate 9%
$732,989
$733.0K
Market Conditions
NOI Build-Up for 5,540 SF
Gross rent
$129.0K $23.28/SF
− Vacancy
−$9.0K −$1.63/SF
EGI
$119.9K $21.65/SF
− OpEx
−$54.0K −$9.74/SF
NOI
$66.0K $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%
$1,319,380
Cap Rate 7%
$942,414
Cap Rate 9%
$732,989
Alternative Uses
Best Use
Apartment 5plus
$942.4K
$824.6K – $1.10M
NOI $65,969 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.09M
$1.83M – $2.44M
NOI $146,450 @ 7.0% cap · market cap 15.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,027
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
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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?
Apartment building - Eight residential units include seven one-bedroom apartments and a separate studio.
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 $919,000.
What are key features of this property?
This property features: Eight units: seven 1‑bedroom, 1‑bath apartments and one studio; 5,540 square feet on a 0.31‑acre parcel; Built in 1892
