Multi-Family Income
3122 St Louis Road Arcata, CA 95521
3122 St Louis Road, Arcata, CA, 95521
$2,400,000
For Sale
$2,400,000
MULTI_FAMILY - Other - Arcata, CA
Property Size10,480 SF
Lot Size1.84 Acres
Price / SF$229.01
Days on Market156
Property Features for 3122 St Louis Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Single Family
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1
- Interior features
- Wood Stove
- Exterior features
- Skylight
- Appliances
- Dining in Kitchen
- Standard status
- Active
- Size
- 10,480 SF
- Lot size
- 1.84 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wood Stove, Wood
Building Details
- Year built
- 1991
- Floors in Building
- 2
- Number of units
- 11
- Flooring type
- Carpet, Tile, Wood, Vinyl
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Azalea Realty
(707) 839-4400
1225 Central Ave, Suite 1, McKinleyville, CA
Listed by
Joanie Frederick · License #00993152
(707) 362-0144
Added: Feb 12 Checked: Jul 18 at 1:06 am
MLS# 271572
Listing URL
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 income-producing property features ten existing rental units and additional improvements on a 1.84-acre parcel. The rental mix includes six 2-bedroom, 1.5-bath units and four 1-bedroom, 1-bath units. All units are separately metered, with tenants responsible for water, sewer, and PG&E, helping reduce owner operating expenses. In addition to the rentals, the property includes a custom-designed main residence with an attached garage and a large, versatile barn that can support storage, workshop, business use, or adaptive reuse (buyer to verify).
The property is located at 3122 St Louis Road in Arcata, near Cal Poly Humboldt. Zoning is described as RH – High Density Residential per City of Arcata rezoning, with stated capacity of up to 50 units per acre (buyer to verify setbacks, density, and development standards). The configuration offers room for continued income generation and potential reconfiguration or redevelopment depending on buyer plans (buyer to verify use and feasibility).
The property is located at 3122 St Louis Road in Arcata, near Cal Poly Humboldt. Zoning is described as RH – High Density Residential per City of Arcata rezoning, with stated capacity of up to 50 units per acre (buyer to verify setbacks, density, and development standards). The configuration offers room for continued income generation and potential reconfiguration or redevelopment depending on buyer plans (buyer to verify use and feasibility).
Key Highlights
- 1.84‑acre property near Cal Poly Humboldt with 10 existing rental units: six 2BR/1.5BA and four 1BR/1BA
- All rental units are separately metered; tenants pay water, sewer, and PG&E, helping minimize owner expenses
- Zoned RH – High Density Residential (City of Arcata rezoning) allowing up to 50 units per acre (buyer to verify density and development standards)
Local Financial Insights For Apartment 5plus
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 | $244.0k | $23.28 |
| − Vacancy | −$17.1k | −$1.63 |
| EGI | $226.9k | $21.65 |
| − OpEx | −$102.1k | −$9.74 |
| NOI | $124.8k | $11.91 |
10,480 SF · lease $23.28/SF/yr · vacancy 7.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Ten separately metered rental units plus a custom main residence and barn on a 1.84-acre parcel in Arcata.
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 property near Cal Poly Humboldt with 10 existing rental units: six 2BR/1.5BA and four 1BR/1BA; All rental units are separately metered; tenants pay water, sewer, and PG&E, helping minimize owner expenses; Zoned RH – High Density Residential (City of Arcata rezoning) allowing up to 50 units per acre (buyer to verify density and development standards)
