Dual-Residence Portfolio For
For Sale
Contact for pricing
315 Evans Ave, Vallejo, CA 94590
Two residences offered as a prime investment opportunity.
Property Size1,547 SF
Price / SF$548.16
Days on Market242
Property Features for 315 Evans Ave
General Information
Standard status
Active
Size
1,547 SF
Property subtype
Multifamily
Occupancy
100%
Building Details
Year Built
1921
Buildings
2
Stories
2
Tenancy
Multi
Listing Agency:
Reena Loans & Real Estate
Listed By:
Reena Paleja · License #CA 01133785
(415) 866-3440
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Jul 20 at 11:01AM
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 Reena Loans & Real Estate
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Investment Insights
Based on property information with market context.
This property features two residences and is offered as a portfolio. The property size is 1547 square feet.
Key Highlights
- Prime dual‑residence portfolio
- Year built: 1921
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,022
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,440
$540.4K
Cap Rate 7%
$386,029
$386.0K
Cap Rate 9%
$300,244
$300.2K
Market Conditions
NOI Build-Up for 1,547 SF
Gross rent
$51.6K $33.36/SF
− Vacancy
−$2.5K −$1.60/SF
EGI
$49.1K $31.76/SF
− OpEx
−$22.1K −$14.29/SF
NOI
$27.0K $17.47/SF
Area
Vallejo, CA
Vacancy
4.80%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,440
Cap Rate 7%
$386,029
Cap Rate 9%
$300,244
Alternative Uses
Best Use
Apartment 5plus
$386.0K
$337.8K – $450.4K
NOI $27,022 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$752.9K
$658.8K – $878.4K
NOI $52,703 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
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Business Placement
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences offered as a prime investment opportunity.
Where is this multifamily property located?
The property is located at 315 Evans Ave Vallejo, CA.
What is the asking price?
The asking price for this property is $848,000.
What are key features of this property?
This property features: Prime dual‑residence portfolio; Year built: 1921
