Four-Unit Victorian Multifamily
For Sale
$479,000
Pending
303 Pine St, Yreka, CA 96097
Fully leased configuration includes three main-house residences and a detached rear cottage.
Property Size3,940 SF
Days on Market60
Property Features for 303 Pine St
General Information
Standard status
Pending
Size
3,940 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
4
Amenities
shared yard
private deck/patio areas
Building Details
Buildings
2
Construction
Victorian
Tenancy
Multi
Listing Agency:
West Coast Real Estate & Appraisals
Listed By:
Greg Ford · License #01801980
(530) 918-9443
Source:
Exprealty
Added: Jul 18
Changed: Sep 13
Last Checked: Sep 14 at 7:50AM
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 West Coast Real Estate & Appraisals
Investment Insights
Based on property information with market context.
This multifamily property combines a Victorian main house with three separate residences and a detached cottage positioned at the rear. The layout includes two ground-floor units, an upper-level unit spanning the second floor, and a private cottage, creating four distinct residential spaces across the property. Vintage architectural details and tall ceilings contribute to the character of the main house.
Located on Pine St in Yreka, the property includes a large shared yard along with private deck and patio areas. The residences are fully leased, and the property information identifies the improvements as a long-term residential income asset. Buyer to verify square footage, lease terms, and local zoning.
Located on Pine St in Yreka, the property includes a large shared yard along with private deck and patio areas. The residences are fully leased, and the property information identifies the improvements as a long-term residential income asset. Buyer to verify square footage, lease terms, and local zoning.
Key Highlights
- Four distinct residential units across the main house and detached rear cottage
- Three units in the Victorian main house, including an entire second‑floor residence
- Detached 500 sq ft cottage provides a separate rear dwelling
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
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Fully leased configuration includes three main-house residences and a detached rear cottage.
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: Four distinct residential units across the main house and detached rear cottage; Three units in the Victorian main house, including an entire second‑floor residence; Detached 500 sq ft cottage provides a separate rear dwelling
