Duplex with Two 2BR
308 Florida St Vallejo, CA 94590
For Sale
$599,000
Well-maintained duplex with two 2 bed/1 bath units, laundry hookups, and updated mechanicals.
Property Size1,776 SF
Price / SF$337.27
Days on Market62
Property Features for 308 Florida St
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Multi Family
Building Details
Year Built
1983
Listing Agency:
NAI Northern California
(925) 588-9740
Listed By:
Ethan Berger · License #01868467
(925) 588-9740
Source:
Exitrealty
Added: May 29
Changed: Jul 22
Last Checked: Jul 28 at 3:39AM
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 NAI Northern California
Investment Insights
Based on property information with market context.
This well-maintained multifamily property offers two spacious 2-bedroom, 1-bath units within a duplex configuration. Each unit includes laundry hookups, and the property features new water heaters and furnaces, along with a roof reported to be in good condition. The listing states there is a strong rental history with 100% occupancy, and that tenants are responsible for PG&E.
Located at 308 Florida St in Vallejo, CA, the property is described as approximately 3 minutes from the Ferry Building, with nearby access to the Vallejo Waterfront Park. The surrounding area is also highlighted for nearby dining options.
As presented, it’s a turn-key income property for an investor looking for in-place income within a low-rise duplex format.
Located at 308 Florida St in Vallejo, CA, the property is described as approximately 3 minutes from the Ferry Building, with nearby access to the Vallejo Waterfront Park. The surrounding area is also highlighted for nearby dining options.
As presented, it’s a turn-key income property for an investor looking for in-place income within a low-rise duplex format.
Key Highlights
- 1,776 SF multifamily duplex built in 1983 with two 2 bed/1 bath units
- 100% occupancy with a strong rental history
- Laundry hookups in both units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.2k | $29.40 |
| − Vacancy | −$2.9k | −$1.62 |
| EGI | $49.3k | $27.78 |
| − OpEx | −$14.8k | −$8.33 |
| NOI | $34.5k | $19.45 |
1,776 SF · lease $29.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$493.4K
$431.8K – $575.7K
NOI $34,540 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$443.2K
$387.8K – $517.0K
NOI $31,022 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$864.4K
$756.3K – $1.01M
NOI $60,505 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two 2 bed/1 bath units, laundry hookups, and updated mechanicals.
Where is this duplex located?
The property is located at 308 Florida St Vallejo, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,776 SF multifamily duplex built in 1983 with two 2 bed/1 bath units; 100% occupancy with a strong rental history; Laundry hookups in both units
