Remodeled Duplex with Two
New
For Sale
$549,000
3076 E Anita Street, Stockton, CA 95205
Two permitted residences share one parcel, each offering its own address, kitchen, laundry, and updated finishes.
Property Size2,209 SF
Price / SF$248.53
Days on Market3
Property Features for 3076 E Anita Street
General Information
Standard status
Active
Size
2,209 SF
Property subtype
Multi Family
Units
Unit Mix
3 bed, 1 bath, 3 bed, 1.5 bath
Multifamily Units
2
Building Details
Year Built
1962
Buildings
2
Listing Agency:
PMZ Real Estate
(209) 472-2010
Listed By:
Jacob C. Evangelisti · License #02047446
(209) 242-6825
Source:
Exitrealty
Added: Sep 7
Changed: Sep 8
Last Checked: Sep 8 at 2:46PM
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 PMZ Real Estate
Investment Insights
Based on property information with market context.
This duplex property includes two permitted residences on a single parcel, providing a combined 2,209 square feet of living space, six bedrooms, and 2.5 baths. The front residence at 3076 E Anita Street offers three bedrooms, one bath, 1,311 square feet, indoor laundry, luxury vinyl plank flooring, and a remodeled kitchen with granite counters, stainless appliances, and a gas range. Its improvements include a new roof, stucco, paint, dual pane windows, tankless water heater, electrical panel, and tiled bath surround.
The second residence at 3082 E Anita Street contains three bedrooms, 1.5 baths, and 898 square feet. It includes mini split heating and cooling throughout, indoor laundry, dual pane windows, a remodeled kitchen with stainless appliances and a gas range, an updated tiled bath, a new roof, and a new electrical panel. Both homes have separate addresses, and the property was built in 1962.
The second residence at 3082 E Anita Street contains three bedrooms, 1.5 baths, and 898 square feet. It includes mini split heating and cooling throughout, indoor laundry, dual pane windows, a remodeled kitchen with stainless appliances and a gas range, an updated tiled bath, a new roof, and a new electrical panel. Both homes have separate addresses, and the property was built in 1962.
Key Highlights
- Two permitted homes on one parcel with separate addresses at 3076 & 3082 E Anita Street
- 2,209 sq ft of total living space with 6 bedrooms and 2.5 baths
- Front home: 3 bed, 1 bath, 1,311 sq ft
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
$32,632
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
5.94%
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%
$652,640
$652.6K
Cap Rate 7%
$466,171
$466.2K
Cap Rate 9%
$362,578
$362.6K
Market Conditions
NOI Build-Up for 2,209 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
$49.0K $22.20/SF
− Vacancy
−$2.4K −$1.10/SF
EGI
$46.6K $21.10/SF
− OpEx
−$14.0K −$6.33/SF
NOI
$32.6K $14.77/SF
Area
ZIP 95205
Vacancy
4.94%
Lease Rate
$22.20 /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%
$652,640
Cap Rate 7%
$466,171
Cap Rate 9%
$362,578
Alternative Uses
Best Use
Multifamily LT 5
$466.2K
$407.9K – $543.9K
NOI $32,632 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$430.4K
$376.6K – $502.2K
NOI $30,130 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$586.2K
$512.9K – $683.9K
NOI $41,034 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 95205, CA
40,720
Population
11,722
Households
3.5
Avg Household Size
30
Median Age
5%
College-Educated
56%
High-School Grad
9.0 sq mi
ZIP Area
4,524
Density / Sq Mi
$58,138
Median Household Income
$32,253
Median Earnings
$1,264
Median Rent
$288,600
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 permitted residences share one parcel, each offering its own address, kitchen, laundry, and updated finishes.
Where is this duplex located?
The property is located at 3076 E Anita Street Stockton, CA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two permitted homes on one parcel with separate addresses at 3076 & 3082 E Anita Street; 2,209 sq ft of total living space with 6 bedrooms and 2.5 baths; Front home: 3 bed, 1 bath, 1,311 sq ft
