Five-Plex with Secured
For Sale
$599,000
24 E Vine Street, Stockton, CA 95202
Well-maintained two-story five-plex with a fully fenced, secure drive-through gate and covered off-street parking.
Property Size2,900 SF
Price / SF$206.55
Days on Market130
Property Features for 24 E Vine Street
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Multi Family
Building Details
Year Built
1979
Listing Agency:
Century 21 Select Real Estate
(209) 835-2121
Listed By:
Grace R. Alvarez · License #00984208
(209) 640-7722
Source:
Exitrealty
Added: Jun 11
Changed: Sep 13
Last Checked: Sep 15 at 4:18AM
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 Century 21 Select Real Estate
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Investment Insights
Based on property information with market context.
This well-maintained two-story five-plex is set up to provide functional, comfortable living spaces across five residential units. The property is fully fenced and includes a secure drive-through gate, adding controlled access and privacy. Off-street parking is provided via a covered carport, supporting tenant convenience and day-to-day usability.
Located in the heart of downtown Stockton, the building offers convenient access to nearby downtown amenities. The secure, drive-through site layout helps streamline vehicle movement in and out of the property while keeping the grounds contained.
For buyers and owner-investors, this is an income-producing multifamily asset positioned near downtown services and daily needs. The combination of gated access, covered parking, and a straightforward five-unit configuration can appeal to operators seeking a manageable, residential income property they can oversee with a practical, hands-on approach.
Located in the heart of downtown Stockton, the building offers convenient access to nearby downtown amenities. The secure, drive-through site layout helps streamline vehicle movement in and out of the property while keeping the grounds contained.
For buyers and owner-investors, this is an income-producing multifamily asset positioned near downtown services and daily needs. The combination of gated access, covered parking, and a straightforward five-unit configuration can appeal to operators seeking a manageable, residential income property they can oversee with a practical, hands-on approach.
Key Highlights
- Two‑story five‑plex built in 1979
- Fully fenced property with a secure drive‑through gate
- Covered carport provides off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,294
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,880
$705.9K
Cap Rate 7%
$504,200
$504.2K
Cap Rate 9%
$392,156
$392.2K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$69.6K $24.00/SF
− Vacancy
−$5.4K −$1.87/SF
EGI
$64.2K $22.13/SF
− OpEx
−$28.9K −$9.96/SF
NOI
$35.3K $12.17/SF
Area
Stockton, CA
Vacancy
7.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,880
Cap Rate 7%
$504,200
Cap Rate 9%
$392,156
Alternative Uses
Best Use
Apartment 5plus
$504.2K
$441.2K – $588.2K
NOI $35,294 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$784.2K
$686.2K – $914.9K
NOI $54,896 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,485
Businesses Nearby
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Business Placement
Demographics for 95202, CA
6,949
Population
3,999
Households
1.7
Avg Household Size
38
Median Age
17%
College-Educated
70%
High-School Grad
1.1 sq mi
ZIP Area
6,317
Density / Sq Mi
$23,954
Median Household Income
$31,879
Median Earnings
$864
Median Rent
$322,300
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 - Well-maintained two-story five-plex with a fully fenced, secure drive-through gate and covered off-street parking.
Where is this apartment building located?
The property is located at 24 E Vine Street Stockton, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑story five‑plex built in 1979; Fully fenced property with a secure drive‑through gate; Covered carport provides off‑street parking
