North Stockton Duplex with
For Sale
$550,000
2504 Burlington Place, Stockton, CA 95209
Occupied two-unit property with private backyards, attached garages, and recent improvements to both residences.
Property Size2,220 SF
Days on Market51
Property Features for 2504 Burlington Place
General Information
Standard status
Active
Size
2,220 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$45,600
Amenities
Central
Ceiling Fan(s)
Dishwasher
Microwave
Free Standing Electric Oven
City, Electric, Composition
Building Details
Building Size
2,220 SF
Year Built
1981
Buildings
1
Stories
1
Listing Agency:
RE/MAX Gold
(916) 672-0488
Listed By:
Kathleen Piazzisi · License #01725230
Source:
Kw
Added: Jul 11
Changed: Aug 29
Last Checked: Aug 29 at 10:06PM
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 RE/MAX Gold
Investment Insights
Based on property information with market context.
This 1981 duplex includes two occupied residences with practical layouts and separate attached garages. The first unit offers 3 bedrooms, 2 bathrooms, a 2-car garage, a living room, Corian kitchen countertops, substantial cabinet storage, a private backyard, a window installed about 3 years ago, and a recently installed HVAC system. The second unit provides 2 bedrooms, 2 bathrooms, a 1-car garage, Corian countertops, a large living area, a private backyard, and new laminate flooring throughout most of the unit.
The property is located in North Stockton within the Lodi Unified School District, near shopping centers, restaurants, schools, and major commuter routes. Both residences include dishwashers, microwaves, and freestanding electric ovens, with central systems and ceiling fans listed among the interior features.
The property is located in North Stockton within the Lodi Unified School District, near shopping centers, restaurants, schools, and major commuter routes. Both residences include dishwashers, microwaves, and freestanding electric ovens, with central systems and ceiling fans listed among the interior features.
Key Highlights
- Two‑unit duplex in North Stockton built in 1981
- Unit One: 3 bedrooms, 2 bathrooms, and a 2‑car garage
- Unit Two: 2 bedrooms, 2 bathrooms, and a 1‑car garage
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
$33,050
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
6.01%
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%
$661,000
$661.0K
Cap Rate 7%
$472,143
$472.1K
Cap Rate 9%
$367,222
$367.2K
Market Conditions
NOI Build-Up for 2,220 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
$49.3K $22.20/SF
− Vacancy
−$2.1K −$0.93/SF
EGI
$47.2K $21.27/SF
− OpEx
−$14.2K −$6.38/SF
NOI
$33.0K $14.89/SF
Area
ZIP 95209
Vacancy
4.20%
Lease Rate
$22.20 /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%
$661,000
Cap Rate 7%
$472,143
Cap Rate 9%
$367,222
Alternative Uses
Best Use
Multifamily LT 5
$472.1K
$413.1K – $550.8K
NOI $33,050 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$422.9K
$370.0K – $493.3K
NOI $29,600 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$479.5K
$419.6K – $559.4K
NOI $33,566 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Explore this area
Business Placement
Demographics for 95209, CA
44,660
Population
13,923
Households
3.2
Avg Household Size
37
Median Age
25%
College-Educated
87%
High-School Grad
8.2 sq mi
ZIP Area
5,446
Density / Sq Mi
$106,056
Median Household Income
$47,456
Median Earnings
$1,813
Median Rent
$464,900
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?
Duplex - Occupied two-unit property with private backyards, attached garages, and recent improvements to both residences.
Where is this duplex located?
The property is located at 2504 Burlington Place Stockton, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex in North Stockton built in 1981; Unit One: 3 bedrooms, 2 bathrooms, and a 2‑car garage; Unit Two: 2 bedrooms, 2 bathrooms, and a 1‑car garage
