Two-Home Multifamily
New
For Sale
$595,000
2900 Norman Street, Placerville, CA 95667
A single-story in-law unit provides additional living space within the larger residence.
Property Size1,855 SF
Price / SF$320.75
Days on Market5
Property Features for 2900 Norman Street
General Information
Standard status
Active
Size
1,855 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
Multi
Additional Details
Public Transit
Yes
Amenities
Storage Area(s)
Fenced Yard
Building Details
Building Size
1,855 SF
Year Built
1941
Buildings
2
Stories
1
Units
3
Listing Agency:
eXp Realty of Northern California, Inc.
5849427
Listed By:
Anna Boyd · License #1043604
(916) 813-3534
Source:
Francogrouprealestate
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 26 at 3:56AM
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 eXp Realty of Northern California, Inc.
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Investment Insights
Based on property information with market context.
This multifamily property comprises two detached homes on one lot, totaling 1,855 square feet. The main residence measures 1,075 square feet and includes a single-story in-law unit; the second home contains 780 square feet. The property was built in 1941 and is zoned Multi.
The site is one block from historic downtown, with restaurants, boutique shopping, parks, a community pool, and public transit nearby.
The site is one block from historic downtown, with restaurants, boutique shopping, parks, a community pool, and public transit nearby.
Key Highlights
- Two detached homes occupy one lot, with 1,855 square feet combined
- Main home has 1,075 square feet and a single‑story in‑law unit
- Separate residence contains 780 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,591
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,820
$551.8K
Cap Rate 7%
$394,157
$394.2K
Cap Rate 9%
$306,567
$306.6K
Market Conditions
NOI Build-Up for 1,855 SF
Gross rent
$53.4K $28.80/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$50.2K $27.04/SF
− OpEx
−$22.6K −$12.17/SF
NOI
$27.6K $14.87/SF
Area
El Dorado County, CA
Vacancy
6.10%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,820
Cap Rate 7%
$394,157
Cap Rate 9%
$306,567
Alternative Uses
Best Use
Apartment 5plus
$394.2K
$344.9K – $459.9K
NOI $27,591 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$663.2K
$580.3K – $773.7K
NOI $46,424 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,573
Businesses Nearby
Explore this area
Business Placement
Demographics for 95667, CA
37,283
Population
15,647
Households
2.4
Avg Household Size
50
Median Age
29%
College-Educated
93%
High-School Grad
169.1 sq mi
ZIP Area
220
Density / Sq Mi
$90,499
Median Household Income
$44,405
Median Earnings
$1,408
Median Rent
$527,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A single-story in-law unit provides additional living space within the larger residence.
Where is this multifamily property located?
The property is located at 2900 Norman Street Placerville, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two detached homes occupy one lot, with 1,855 square feet combined; Main home has 1,075 square feet and a single‑story in‑law unit; Separate residence contains 780 square feet
