Victorian Four-Unit
For Sale
$479,000
303 Pine St, Yreka, CA 96097
ResidentialIncome, Yreka, CA
Property Size3,940 SF
Lot Size0.39 Acres
Price / SF$121.57
Days on Market50
Property Features for 303 Pine St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 7, Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 5
Parking features
Carport
Window features
Vinyl Frames
Patio and Porch features
Deck
Exterior features
ConcreteDriveway, Deck, GravelDriveway, Landscaping, PropaneTankOwned
Fencing
Privacy
Appliances
Oven, Range
Lot features
Flat, Lawn
View
City
Subdivision
Yreka
Standard status
Active
Size
3,940 SF
Lot size
0.39 Acres
Utilities
Sewer type
Public Sewer
Heating system
Oil, Kerosene, Electric (Heating), Propane (Heating)
Cooling system
Central Air
Water source
Public
Amenities
large shared yard
private deck/patio areas
Building Details
Number of units
4
Building materials
WoodSiding
Roof type
Composition
Architectural style
Victorian
Listing Agency:
West Coast Real Estate & Appraisals
(530) 918-9443
Listed By:
Greg Ford · License #01801980
(530) 235-4275
Added: Jul 18
Changed: Sep 3
Last Checked: Sep 5 at 5:06PM
MLS# 20260921
Copyright © 2026 Siskiyou Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,940-square-foot multifamily property combines a Victorian main residence with three distinct units and a detached cottage at the rear. The property is fully leased and includes character details, tall ceilings, a shared yard, and private deck or patio areas. A carport, privacy fencing, landscaping, and both concrete and gravel driveways support the outdoor layout.
The 0.39-acre property is served by public water and public sewer. Exterior construction includes wood siding and a composition roof, while building systems include central air and multiple heating sources, including electric, oil, kerosene, and propane. The detached cottage adds a separate residential component to the main-house configuration.
The 0.39-acre property is served by public water and public sewer. Exterior construction includes wood siding and a composition roof, while building systems include central air and multiple heating sources, including electric, oil, kerosene, and propane. The detached cottage adds a separate residential component to the main-house configuration.
Key Highlights
- 3,940‑square‑foot multifamily property on 0.39 acres
- Three units in the main house plus a detached rear cottage
- Fully leased residential configuration
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
$32,284
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
6.74%
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%
$645,680
$645.7K
Cap Rate 7%
$461,200
$461.2K
Cap Rate 9%
$358,711
$358.7K
Market Conditions
NOI Build-Up for 3,940 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
$61.5K $15.60/SF
− Vacancy
−$2.8K −$0.70/SF
EGI
$58.7K $14.90/SF
− OpEx
−$26.4K −$6.70/SF
NOI
$32.3K $8.19/SF
Area
Siskiyou County, CA
Vacancy
4.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
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%
$645,680
Cap Rate 7%
$461,200
Cap Rate 9%
$358,711
Alternative Uses
Best Use
Apartment 5plus
$461.2K
$403.6K – $538.1K
NOI $32,284 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,132 @ 7.0% cap · market cap 16.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 96097, CA
10,131
Population
4,737
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
91%
High-School Grad
181.7 sq mi
ZIP Area
56
Density / Sq Mi
$47,105
Median Household Income
$36,325
Median Earnings
$984
Median Rent
$256,400
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?
Multifamily property - Four separate living spaces include a rear cottage, shared yard, and private deck or patio areas.
Where is this multifamily property located?
The property is located at 303 Pine St Yreka, CA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 3,940‑square‑foot multifamily property on 0.39 acres; Three units in the main house plus a detached rear cottage; Fully leased residential configuration
