Duplex with Attached
For Sale
$499,000
2527 Plantation Place, Stockton, CA 95209
Two mirrored residences combine private outdoor space, fireplaces, laundry hookups, and dedicated garage parking for owner occupancy or leasing.
Property Size2,342 SF
Price / SF$213.07
Days on Market8
Property Features for 2527 Plantation Place
General Information
Standard status
Active
Size
2,342 SF
Total Parking Spaces
4
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
Paint, carpet and other updating
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
fireplace
indoor washer and dryer hookups
private backyard patio
Building Details
Year Built
1980
Listing Agency:
RE/MAX Gold
(916) 672-0488
Listed By:
Kathleen A. Piazzisi · License #01725230
(916) 672-0488
Source:
Exitrealty
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 29 at 7:45AM
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.
Built in 1980, this duplex contains 2,341 square feet across two matching residences. Each side includes 3 bedrooms, 2 bathrooms, a dining area, fireplace, indoor washer and dryer hookups, private backyard patio, and attached 2-car garage. One unit is owner occupied, while the other has a month-to-month tenant. Interior improvements such as paint and carpet updates could refresh the living spaces.
The property is located at 2527 Plantation Place in Stockton, within the Lodi Unified School District and within walking distance of an elementary school. Access to I-5 supports regional commuting, while shopping, restaurants, and everyday services are located minutes away.
The property is located at 2527 Plantation Place in Stockton, within the Lodi Unified School District and within walking distance of an elementary school. Access to I-5 supports regional commuting, while shopping, restaurants, and everyday services are located minutes away.
Key Highlights
- Two‑unit duplex totaling 2,341 square feet
- Each unit includes 3 bedrooms, 2 bathrooms, and an attached 2‑car garage
- Built in 1980 with two mirrored floor plans
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
$34,866
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
6.99%
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%
$697,320
$697.3K
Cap Rate 7%
$498,086
$498.1K
Cap Rate 9%
$387,400
$387.4K
Market Conditions
NOI Build-Up for 2,342 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
$52.0K $22.20/SF
− Vacancy
−$2.2K −$0.93/SF
EGI
$49.8K $21.27/SF
− OpEx
−$14.9K −$6.38/SF
NOI
$34.9K $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%
$697,320
Cap Rate 7%
$498,086
Cap Rate 9%
$387,400
Alternative Uses
Best Use
Multifamily LT 5
$498.1K
$435.8K – $581.1K
NOI $34,866 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$446.1K
$390.3K – $520.5K
NOI $31,227 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$505.9K
$442.6K – $590.2K
NOI $35,411 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
195
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored residences combine private outdoor space, fireplaces, laundry hookups, and dedicated garage parking for owner occupancy or leasing.
Where is this duplex located?
The property is located at 2527 Plantation Place Stockton, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,341 square feet; Each unit includes 3 bedrooms, 2 bathrooms, and an attached 2‑car garage; Built in 1980 with two mirrored floor plans
