Updated Triplex with
For Sale
$250,000
239 Siskiyou St #239-255, Tulelake, CA 96134
A fully occupied triplex is paired with a separate duplex ready for renovation, plus storage and flexible parking area.
Property Size1,610 SF
Price / SF$155.28
Days on Market17
Property Features for 239 Siskiyou St #239-255
General Information
Standard status
Active
Size
1,610 SF
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
gutted
Additional Details
Multifamily Units
5
Amenities
washer and dryer hookups
private fenced yard
storage shed
storage building
parking area
Building Details
Buildings
2
Listing Agency:
Home and Land Real Estate
(541) 301-7980
Listed By:
Alice Lema, Principal Broker Home & Land
(541) 301-7980
Source:
Alicelema
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 29 at 11:35PM
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 Home and Land Real Estate
Investment Insights
Based on property information with market context.
This multifamily property combines an updated triplex with a separate duplex, creating two distinct residential components at 239 Siskiyou St in Tulelake, California. The triplex has received improvements to its metal roof, electrical systems, foundation, and interiors over the past 10 years. All three units are occupied by long-term tenants, and each includes washer and dryer hookups, a private fenced yard, and a storage shed.
The duplex has been gutted and is positioned for renovation. An additional storage building expands the property's utility, while a large vacant area can accommodate parking or RV storage. The property size is listed as 1,610, although the source information does not identify the applicable measurement type.
The duplex has been gutted and is positioned for renovation. An additional storage building expands the property's utility, while a large vacant area can accommodate parking or RV storage. The property size is listed as 1,610, although the source information does not identify the applicable measurement type.
Key Highlights
- Updated triplex with improvements completed over the past 10 years
- Triplex is fully occupied by long‑term tenants
- Each triplex unit has washer and dryer hookups, a private fenced yard, and a storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,241
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$284,820
$284.8K
Cap Rate 7%
$203,443
$203.4K
Cap Rate 9%
$158,233
$158.2K
Market Conditions
NOI Build-Up for 1,610 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $14,241 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$188.5K
$164.9K – $219.9K
NOI $13,192 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$473.6K
$414.4K – $552.6K
NOI $33,153 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - A fully occupied triplex is paired with a separate duplex ready for renovation, plus storage and flexible parking area.
Where is this triplex located?
The property is located at 239 Siskiyou St #239-255 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: Updated triplex with improvements completed over the past 10 years; Triplex is fully occupied by long‑term tenants; Each triplex unit has washer and dryer hookups, a private fenced yard, and a storage shed
