Building Details

Building Size 1,610 SF

Buildings 2

Units 5

Listing Agency: Fisher Nicholson Realty, Inc. s***@fnrhome.com Show Phone

Listed By: Evonne Woods-Quesada · License #201226309 Show Phone

Source: Jharrisrealestate

Added: Aug 12 Changed: Oct 25 Last Checked: Oct 26 at 4:04AM

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Investment Insights

Based on property information with market context.

The property combines a triplex with a separate duplex. Updates to the triplex over the past 10 years include a metal roof, electrical work, foundation improvements, and interior remodeling. It is fully occupied by long-term tenants. Each triplex unit has washer and dryer hookups, a fenced private yard, and a storage shed.

The duplex has been gutted and awaits renovation. An additional storage building and a vacant area suitable for parking or RV storage are also part of the property.

Key Highlights

• Fully occupied triplex with long‑term tenants
• Triplex improvements over the past 10 years include a metal roof, electrical work, foundation upgrades, and remodeling
• Each triplex unit has washer and dryer hookups, a fenced yard, and a storage shed

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,241

Cap Rate

5.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,820 $284.8K

Cap Rate 7%

$203,443 $203.4K

Cap Rate 9%

$158,233 $158.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,610 SF

Gross rent

$21.3K $13.20/SF

− Vacancy

−$907 −$0.56/SF

EGI

$20.3K $12.64/SF

− OpEx

−$6.1K −$3.79/SF

NOI

$14.2K $8.85/SF

Area

Siskiyou County, CA

Vacancy

4.27%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,820

Cap Rate 7%

$203,443

Cap Rate 9%

$158,233

Alternative Uses

Best Use

Multifamily LT 5

$203.4K

$178.0K – $237.4K (±1% cap)

NOI $14,241 @ 7.0% cap · market cap 5.70%

Second Best

Apartment 5plus

$188.5K

$164.9K – $219.9K (±1% cap)

NOI $13,192 @ 7.0% cap · market cap 5.28%

Theoretical Best

Office A

$473.6K

$414.4K – $552.6K (±1% cap)

NOI $33,153 @ 7.0% cap · market cap 13.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

5

Residential units

Location Intelligence

Trade Area within ½ mile

Explore this area Business Placement

Demographics for 96134, CA

2,028

Population

1,031

Households

2

Avg Household Size

40

Median Age

18%

College-Educated

79%

High-School Grad

329.5 sq mi

ZIP Area

6

Density / Sq Mi

$47,609

Median Household Income

$34,853

Median Earnings

$718

Median Rent

$162,800

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Triplex - The triplex is occupied by long-term tenants, while the duplex is ready for renovation.

Where is this triplex located?

The property is located at 239-255 Siskiyou Tulelake, CA.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Fully occupied triplex with long‑term tenants; Triplex improvements over the past 10 years include a metal roof, electrical work, foundation upgrades, and remodeling; Each triplex unit has washer and dryer hookups, a fenced yard, and a storage shed