9-Unit Apartment
312 N Fortuna Boulevard, Fortuna, CA 95540
For Sale
$1,399,000
Multi-Family, Fortuna, CA
Property Size5,357 SF
Lot Size0.28 Acres
Price / SF$261.15
Days on Market185
Property Features for 312 N Fortuna Boulevard
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Window features
Lot features
Elementary school
High school
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Utilities
Heating system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
Humboldt Equity, Inc.
(707) 682-8100
Listed By:
Matt Allen · License CA #01305904
(707) 498-3063
Added: May 10
Changed: Oct 28
Last Checked: Nov 10 at 10:06PM
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.
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Investment Insights
Based on property information with market context.
This 9-unit apartment property in Fortuna contains 5,357 square feet on a 0.28-acre parcel. The unit mix includes two 2-bedroom apartments, six 1-bedroom apartments, and one studio. Each residence has separate meters for power, gas, water, and sewer, along with forced-air heat, an appliance package, and off-street parking. The building was constructed in 1948 and is zoned Commercial.
Five storage closets are available for rent, and the property also includes a garage currently used by the owner that could be rented. The apartments have undergone a recent renovation, and the property is professionally managed.
Five storage closets are available for rent, and the property also includes a garage currently used by the owner that could be rented. The apartments have undergone a recent renovation, and the property is professionally managed.
Key Highlights
- Nine apartments: two 2‑bedroom units, six 1‑bedroom units, and one studio
- 5,357 square feet on a 0.28‑acre parcel
- Separate power, gas, water, and sewer meters for each unit
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$362,400
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Humboldt County, CA
Properties on Market for Apartment buildings in Humboldt County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Individual utility meters, in-unit heating and appliances, and off-street parking serve each residence.
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: Nine apartments: two 2‑bedroom units, six 1‑bedroom units, and one studio; 5,357 square feet on a 0.28‑acre parcel; Separate power, gas, water, and sewer meters for each unit
