Apartment Property with
For Sale
$2,400,000
3122 St Louis Road, Arcata, CA 95521
Multi-Family, Arcata, CA
Property Size10,480 SF
Lot Size1.84 Acres
Price / SF$229.01
Days on Market244
Property Features for 3122 St Louis Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Single Family
Bathrooms
4
Half bathrooms
7
Rooms
Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3
Interior features
Wood Stove
Exterior features
Skylight
Appliances
Dining in Kitchen
Lot features
Flat, Sloping, In Town
Elementary school
Arcata
Middle school
Sunnybrae
High school
Arcata
Elementary school district
Arcata
Middle school district
Arcata
High school district
Arcata
Directions
L K Wood to St. Louis Road overpass to St Louis Road. Coming from the North Spears Avenuet to St. louis Road across from Janes Creek Subdivision Entrance. SHOWINGS 48 hour notice please! DO NOT DRIVE ONTO THE PROPERTY! YOU ARE DISTURBING THE TENANTS & THEIR RIGHTS
Subdivision
North Bay
Standard status
Active
Size
10,480 SF
Lot size
1.84 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Wood, Wood Stove
Building Details
Year built
1991
Floors in Building
2
Number of units
11
Flooring type
Wood, Carpet, Vinyl, Tile
Roof type
Shingle
Architectural style
Other
Listing Agency:
Azalea Realty
(707) 839-4400
Listed By:
Joanie Frederick · License #00993152
(707) 362-0144
Added: Feb 12
Changed: Oct 8
Last Checked: Oct 14 at 2:06AM
MLS# 271572
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 10,480-square-foot apartment property occupies 1.84 acres and includes ten rental units, a main residence, an attached garage, and a barn. The rental mix consists of six two-bedroom, 1.5-bath units and four one-bedroom, one-bath units. Each rental unit is separately metered, and tenants pay water, sewer, and PG&E expenses.
The property is near Cal Poly Humboldt in Arcata. The barn adds another existing structure to the site, alongside the rental units and main residence.
The property is near Cal Poly Humboldt in Arcata. The barn adds another existing structure to the site, alongside the rental units and main residence.
Key Highlights
- 1.84‑acre parcel near Cal Poly Humboldt in Arcata
- Ten rental units: six 2‑bedroom, 1.5‑bath units and four 1‑bedroom, 1‑bath units
- 10,480 square feet of property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,793
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,495,860
$2.5M
Cap Rate 7%
$1,782,757
$1.8M
Cap Rate 9%
$1,386,589
$1.4M
Market Conditions
NOI Build-Up for 10,480 SF
Gross rent
$244.0K $23.28/SF
− Vacancy
−$17.1K −$1.63/SF
EGI
$226.9K $21.65/SF
− OpEx
−$102.1K −$9.74/SF
NOI
$124.8K $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%
$2,495,860
Cap Rate 7%
$1,782,757
Cap Rate 9%
$1,386,589
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,793 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$3.96M
$3.46M – $4.62M
NOI $277,039 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 95521, CA
21,581
Population
9,797
Households
2.2
Avg Household Size
30
Median Age
45%
College-Educated
95%
High-School Grad
60.4 sq mi
ZIP Area
357
Density / Sq Mi
$54,324
Median Household Income
$24,129
Median Earnings
$1,300
Median Rent
$478,600
Median Home Value
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 - Ten separately metered rentals are complemented by a main residence, attached garage, and barn.
Where is this apartment building located?
The property is located at 3122 St Louis Road Arcata, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 1.84‑acre parcel near Cal Poly Humboldt in Arcata; Ten rental units: six 2‑bedroom, 1.5‑bath units and four 1‑bedroom, 1‑bath units; 10,480 square feet of property
