View Duplex with Private
For Sale
$595,000
300 Kentucky Street, Vallejo, CA 94590
Two residential units provide water vistas, individual outdoor areas, and off-street parking near the Vallejo waterfront.
Property Size1,920 SF
Price / SF$309.90
Days on Market47
Property Features for 300 Kentucky Street
General Information
Standard status
Active
Size
1,920 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Amenities
private balconies
private outdoor space
Building Details
Year Built
1965
Buildings
1
Listing Agency:
J.Peter Realtors
(408) 465-4899
Listed By:
The Jamison Team
(408) 465-4899
Source:
Tuscanaproperties
Added: Jul 16
Changed: Aug 29
Last Checked: Aug 31 at 2:57PM
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 J.Peter Realtors
Investment Insights
Based on property information with market context.
Built in 1965, this duplex contains two units, each arranged with 2 bedrooms and 1.5 bathrooms. Main-level half baths support daily use, while the upstairs primary bedrooms open onto private balconies. Each residence also has separate outdoor space suitable for gardening or entertaining, along with at least three off-street parking spaces for the property. Recent exterior work includes fresh paint, roof repairs, and replacement gutters and downspouts.
The property at 300 Kentucky Street is approximately 1.1 miles from the Vallejo Waterfront and San Francisco Bay Ferry Terminal. Its elevated St. Vincent Hill setting provides views toward Mare Island Strait, the former Mare Island Naval Shipyard, the Vallejo waterfront, and Mt. Tamalpais. Highway 37, Highway 29, Interstate 80, and Highway 780 provide connections to Marin and Sonoma Counties, Napa Valley, San Francisco, the East Bay, Sacramento, and Contra Costa County.
The property at 300 Kentucky Street is approximately 1.1 miles from the Vallejo Waterfront and San Francisco Bay Ferry Terminal. Its elevated St. Vincent Hill setting provides views toward Mare Island Strait, the former Mare Island Naval Shipyard, the Vallejo waterfront, and Mt. Tamalpais. Highway 37, Highway 29, Interstate 80, and Highway 780 provide connections to Marin and Sonoma Counties, Napa Valley, San Francisco, the East Bay, Sacramento, and Contra Costa County.
Key Highlights
- Two‑unit duplex with 1,920 SF of property size
- Each unit includes 2 bedrooms and 1.5 bathrooms
- Private balconies connect to the upstairs primary bedrooms
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
$37,340
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
6.28%
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%
$746,800
$746.8K
Cap Rate 7%
$533,429
$533.4K
Cap Rate 9%
$414,889
$414.9K
Market Conditions
NOI Build-Up for 1,920 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
$56.4K $29.40/SF
− Vacancy
−$3.1K −$1.62/SF
EGI
$53.3K $27.78/SF
− OpEx
−$16.0K −$8.33/SF
NOI
$37.3K $19.45/SF
Area
Vallejo, CA
Vacancy
5.50%
Lease Rate
$29.40 /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%
$746,800
Cap Rate 7%
$533,429
Cap Rate 9%
$414,889
Alternative Uses
Best Use
Multifamily LT 5
$533.4K
$466.8K – $622.3K
NOI $37,340 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$479.1K
$419.2K – $559.0K
NOI $33,537 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$934.4K
$817.6K – $1.09M
NOI $65,411 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,376
Businesses Nearby
Explore this area
Business Placement
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
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 - Two residential units provide water vistas, individual outdoor areas, and off-street parking near the Vallejo waterfront.
Where is this duplex located?
The property is located at 300 Kentucky Street Vallejo, 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‑unit duplex with 1,920 SF of property size; Each unit includes 2 bedrooms and 1.5 bathrooms; Private balconies connect to the upstairs primary bedrooms
