9-Unit Apartment
For Sale
$1,399,000
312 N Fortuna Boulevard, Fortuna, CA 95540
Multi-Family, Fortuna, CA
Property Size5,357 SF
Lot Size0.28 Acres
Price / SF$261.15
Days on Market151
Property Features for 312 N Fortuna Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
10
Bathrooms
9
Full bathrooms
9
Rooms
Bathroom 3, Bathroom 9, Bedroom 9, Bedroom 1, Bedroom 8, Bedroom 4, Bathroom 1, Bathroom 7, Bathroom 2, Bedroom 2, Bedroom 10, Bedroom 3, Bathroom 6, Bedroom 5, Bathroom 4, Bathroom 5, Bedroom 7, Bathroom 8, Bedroom 6
Lot features
Flat
Elementary school
South Fortuna
High school
Fortuna
Directions
Intersection of North Fortuna Blvd and Alder Dr
Subdivision
Mid County
Standard status
Active
APN
040-292-007
Size
5,357 SF
Lot size
0.28 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Building Details
Year built
1948
Floors in Building
2
Number of units
1
Flooring type
Vinyl, Carpet, Laminate
Building materials
Fiber Cement
Listing Agency:
Humboldt Equity, Inc.
(707) 682-8100
Listed By:
Matt Allen · License #01305904
(707) 498-3063
Added: May 10
Changed: Oct 6
Last Checked: Oct 7 at 4:06AM
MLS# 272257
Copyright © 2026 Humboldt 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 9-unit apartment property contains two 2-bedroom residences, six 1-bedroom residences, and one studio. The 5,357-square-foot building sits on a 0.28-acre parcel and was built in 1948. Recent renovations have been completed, and the property is professionally managed. Each residence has separate meters for power, gas, water, and sewer, along with its own forced-air heater, appliance package, and off-street parking. Commercial zoning is reported.
Five storage closets are available for rent. The property also includes a garage currently used by the owner, which may be rented. The building is served by public sewer.
Five storage closets are available for rent. The property also includes a garage currently used by the owner, which may be rented. The building is served by public sewer.
Key Highlights
- 9 apartments: two 2‑bedroom units, six 1‑bedroom units, and one studio
- Separate power, gas, water, and sewer meters for each unit
- Each residence has forced‑air heat, appliances, and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,790
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,275,800
$1.3M
Cap Rate 7%
$911,286
$911.3K
Cap Rate 9%
$708,778
$708.8K
Market Conditions
NOI Build-Up for 5,357 SF
Gross rent
$124.7K $23.28/SF
− Vacancy
−$8.7K −$1.63/SF
EGI
$116.0K $21.65/SF
− OpEx
−$52.2K −$9.74/SF
NOI
$63.8K $11.91/SF
Area
Humboldt County, CA
Vacancy
7.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,275,800
Cap Rate 7%
$911,286
Cap Rate 9%
$708,778
Alternative Uses
Best Use
Apartment 5plus
$911.3K
$797.4K – $1.06M
NOI $63,790 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.02M
$1.77M – $2.36M
NOI $141,612 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
9
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Explore this area
Business Placement
Demographics for 95540, CA
14,055
Population
6,087
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
88%
High-School Grad
34.1 sq mi
ZIP Area
412
Density / Sq Mi
$62,346
Median Household Income
$37,309
Median Earnings
$1,135
Median Rent
$362,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Apartment building - A varied one- and two-bedroom mix includes individual utility meters, forced-air heat, appliances, and off-street parking.
Where is this apartment building located?
The property is located at 312 N Fortuna Boulevard Fortuna, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 9 apartments: two 2‑bedroom units, six 1‑bedroom units, and one studio; Separate power, gas, water, and sewer meters for each unit; Each residence has forced‑air heat, appliances, and off‑street parking
