Remodeled 5-Unit Apartment
For Sale
$1,875,000
Pending
2831 Soscol Ave, Napa, CA 94558
Duplex and triplex buildings offer updated interiors, dedicated parking, and refreshed building systems.
Property Size4,028 SF
Days on Market89
Property Features for 2831 Soscol Ave
General Information
Standard status
Pending
Size
4,028 SF
Property subtype
Investment
Units
Unit Mix
5 x 2BR/1BA
Multifamily Units
5
Parking per Unit
2
Additional Details
Cap Rate
7.1%
Amenities
commercial washers and dryers
Building Details
Building Size
4,028 SF
Year Built
1958
Year Renovated
2024
Buildings
2
Units
5
Listing Agency:
(917) 674-9007
Listed By:
Ervin L Hechavarria
(917) 674-9007
Source:
Elliman
Added: Jun 3
Changed: Aug 30
Last Checked: Aug 30 at 6:38PM
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 Ervin L Hechavarria
Investment Insights
Based on property information with market context.
Located at 2831 Soscol Ave in Napa, this apartment property combines one duplex and one triplex for a five-unit configuration. Each residence includes 2 bedrooms, 1 bathroom, and 2 dedicated parking spaces.
All units were remodeled in 2024 with new kitchens, bathrooms, stainless steel appliances, flooring, interior paint, HVAC systems, lighting, and ceiling fans. Capital improvements include new roofs and gutters on both buildings, an updated electrical panel at the duplex, new water heaters, French drains at the duplex, and commercial washers and dryers. The property carries a 7.1 CAP rate, with market-rate rents noted in the source information.
All units were remodeled in 2024 with new kitchens, bathrooms, stainless steel appliances, flooring, interior paint, HVAC systems, lighting, and ceiling fans. Capital improvements include new roofs and gutters on both buildings, an updated electrical panel at the duplex, new water heaters, French drains at the duplex, and commercial washers and dryers. The property carries a 7.1 CAP rate, with market-rate rents noted in the source information.
Key Highlights
- Five units arranged as one duplex and one triplex
- Each unit includes 2 bedrooms, 1 bathroom, and 2 dedicated parking spaces
- Completely remodeled in 2024
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
$71,181
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
3.80%
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%
$1,423,620
$1.4M
Cap Rate 7%
$1,016,871
$1.0M
Cap Rate 9%
$790,900
$790.9K
Market Conditions
NOI Build-Up for 4,028 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
$108.8K $27.00/SF
− Vacancy
−$7.1K −$1.76/SF
EGI
$101.7K $25.25/SF
− OpEx
−$30.5K −$7.57/SF
NOI
$71.2K $17.67/SF
Area
Napa County, CA
Vacancy
6.50%
Lease Rate
$27.00 /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%
$1,423,620
Cap Rate 7%
$1,016,871
Cap Rate 9%
$790,900
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$889.8K – $1.19M
NOI $71,181 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$918.1K
$803.3K – $1.07M
NOI $64,266 @ 7.0% cap · market cap 3.43%
Theoretical Best
Specialty Retail
$8.13M
$7.11M – $9.48M
NOI $568,982 @ 7.0% cap · market cap 30.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
954
Businesses Nearby
Explore this area
Business Placement
Demographics for 94558, CA
65,473
Population
27,402
Households
2.4
Avg Household Size
44
Median Age
38%
College-Educated
85%
High-School Grad
399.9 sq mi
ZIP Area
164
Density / Sq Mi
$109,444
Median Household Income
$51,955
Median Earnings
$2,248
Median Rent
$855,600
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?
Apartment building - Duplex and triplex buildings offer updated interiors, dedicated parking, and refreshed building systems.
Where is this apartment building located?
The property is located at 2831 Soscol Ave Napa, CA.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Five units arranged as one duplex and one triplex; Each unit includes 2 bedrooms, 1 bathroom, and 2 dedicated parking spaces; Completely remodeled in 2024
