Updated Three-Bedroom Multifamily
For Sale
$589,000
3030 Albany Avenue, Davis, CA 95618
Halfplex with refreshed interiors, private garage, and access to schools, parks, shopping, and public transit.
Property Size1,568 SF
Price / SF$375.64
Days on Market74
Property Features for 3030 Albany Avenue
General Information
Standard status
Active
Size
1,568 SF
Total Parking Spaces
1
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
1
Building Details
Year Built
1979
Listing Agency:
Echelon Real Estate
(530) 400-2232
Listed By:
Chad K. DeMasi · License #01418435
(530) 400-2232
Source:
Exitrealty
Added: Jun 19
Changed: Aug 30
Last Checked: Aug 30 at 9:05PM
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 Echelon Real Estate
Investment Insights
Based on property information with market context.
This 1,568-square-foot halfplex, built in 1979, offers three bedrooms and 1.5 bathrooms in a well-maintained residential configuration. Interior improvements include a remodeled kitchen with quartz countertops, stainless steel appliances, and substantial cabinet storage. The bathrooms feature granite countertops and tile flooring, while newer luxury vinyl plank flooring and plentiful natural light contribute to the interior presentation. A detached one-car garage is included.
Located at 3030 Albany Avenue in South Davis, the property is within walking distance of schools, parks, greenbelts, shopping, and public transit. The combination of updated finishes, a practical bedroom count, and nearby everyday amenities supports both owner-occupant and multifamily ownership considerations.
Located at 3030 Albany Avenue in South Davis, the property is within walking distance of schools, parks, greenbelts, shopping, and public transit. The combination of updated finishes, a practical bedroom count, and nearby everyday amenities supports both owner-occupant and multifamily ownership considerations.
Key Highlights
- Three‑bedroom, 1.5‑bath halfplex with 1,568 square feet
- Recently updated kitchen with quartz countertops and stainless steel appliances
- Bathroom improvements include granite countertops and tile flooring
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
$20,407
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
3.46%
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%
$408,140
$408.1K
Cap Rate 7%
$291,529
$291.5K
Cap Rate 9%
$226,744
$226.7K
Market Conditions
NOI Build-Up for 1,568 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
$39.5K $25.20/SF
− Vacancy
−$2.4K −$1.54/SF
EGI
$37.1K $23.66/SF
− OpEx
−$16.7K −$10.65/SF
NOI
$20.4K $13.01/SF
Area
Yolo County, CA
Vacancy
6.10%
Lease Rate
$25.20 /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%
$408,140
Cap Rate 7%
$291,529
Cap Rate 9%
$226,744
Alternative Uses
Best Use
Apartment 5plus
$291.5K
$255.1K – $340.1K
NOI $20,407 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.1K
$370.2K – $493.6K
NOI $29,616 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
Business Placement
Demographics for 95618, CA
27,472
Population
10,898
Households
2.5
Avg Household Size
33
Median Age
72%
College-Educated
95%
High-School Grad
32.1 sq mi
ZIP Area
856
Density / Sq Mi
$112,454
Median Household Income
$51,999
Median Earnings
$2,237
Median Rent
$839,900
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?
Multifamily property - Halfplex with refreshed interiors, private garage, and access to schools, parks, shopping, and public transit.
Where is this multifamily property located?
The property is located at 3030 Albany Avenue Davis, CA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Three‑bedroom, 1.5‑bath halfplex with 1,568 square feet; Recently updated kitchen with quartz countertops and stainless steel appliances; Bathroom improvements include granite countertops and tile flooring
