315 Evans Avenue Vallejo, CA 94590
Two separate residences on one lot with multiple living layouts and separate gas and electric meters.
- Added:
- Apr 25, 2026
- Days on Market:
- 79
- Last Refresh:
- Jul 1 at 4:28 am
Property Features for 315 Evans Avenue
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1921
Listing office Reena Real Estate Inc. (415) 866-3440
Listing date Apr 25, 2026
Source Exitrealty
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 Real Estate Inc.
Investment Insights
Based on property information with market context.
Utilities are set up with separate gas and electric meters serving the homes, along with one shared water meter. A long driveway provides parking for multiple vehicles, supporting convenient day-to-day access for occupants.
Situated near transportation, shopping, and commuter routes, the property can work for investors seeking a multi-unit setup or owner-occupants who prefer to live in one residence while renting others to help offset expenses. The combination of separate metering and varied unit configurations may appeal to tenants looking for distinct spaces within a single property footprint.
Key Highlights
- Built in 1921, this multi‑residence property at 315 Evans Avenue offers two separate homes on one lot.
- Front home is approximately 1,000 SF with 3 bedrooms and 1 bathroom.
- Rear structure includes multiple layouts: 3BD/2BA on the first floor, 3BD/1BA on the second‑floor front, and a studio at the rear.
Local Financial Insights For Multifamily LT 5
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 | $88.2k | $29.40 |
| − Vacancy | −$4.9k | −$1.62 |
| EGI | $83.3k | $27.78 |
| − OpEx | −$25.0k | −$8.33 |
| NOI | $58.3k | $19.45 |
