Neighborhood Commercial 4-Unit
For Sale
$419,000
318 W Harris Street, Eureka, CA 95503
COMMERCIAL - Eureka, CA
Property Size4,000 SF
Lot Size0.08 Acres
Price / SF$104.75
Days on Market47
Property Features for 318 W Harris Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Neighborhood Comm
Directions
Between Union and Summer Street
Subdivision
South Bay
Standard status
Active
Size
4,000 SF
Lot size
0.08 Acres
Building Details
Floors in Building
2
Roof type
Membrane
Listing Agency:
Community Realty /cm
(707) 498-3830
Listed By:
Charles McCann · License #01066580
(707) 498-3830
Added: Jun 18
Last Checked: Aug 3 at 4:06AM
MLS# 272625
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 neighborhood commercial property consists of four separate units arranged across two levels. The lower front unit operates as a retail shop with an existing lease. The lower rear unit is leased as a garage/shop. Two additional leased apartments are located upstairs, creating a mixed-use income configuration under Neighborhood Comm zoning.
The building is positioned at a high-traffic intersection on Harris and Union, across from the former Poletski’s Appliance store. Off-street parking is available for tenants and visitors. The roof replacement will be installed when weather permits, and the offering is for the building only, with any retail business not for sale.
For a buyer seeking a manageable, multi-tenant setup, this structure combines street-level commercial space with residential units above. Current leasing is in place across the retail, garage/shop, and both apartments, supporting the reported total monthly gross income of $3,720. The owner may carry a first position, subject to terms and qualification. An appointment is required to view the property.
The building is positioned at a high-traffic intersection on Harris and Union, across from the former Poletski’s Appliance store. Off-street parking is available for tenants and visitors. The roof replacement will be installed when weather permits, and the offering is for the building only, with any retail business not for sale.
For a buyer seeking a manageable, multi-tenant setup, this structure combines street-level commercial space with residential units above. Current leasing is in place across the retail, garage/shop, and both apartments, supporting the reported total monthly gross income of $3,720. The owner may carry a first position, subject to terms and qualification. An appointment is required to view the property.
Key Highlights
- Neighborhood Commercial building with 4 separate leased units at the high‑traffic intersection of Harris and Union
- Total monthly gross income is $3,720, including a leased retail shop and leased garage/shop, plus two leased upstairs apartments
- Off‑street parking available
Financial Insights For Industrial
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 | $36.0k | $9.00 |
| − Vacancy | −$2.7k | −$0.67 |
| EGI | $33.3k | $8.33 |
| − OpEx | −$10.0k | −$2.50 |
| NOI | $23.3k | $5.83 |
4,000 SF · lease $9.00/SF/yr · vacancy 7.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.33M
$1.17M – $1.56M
NOI $93,432 @ 7.0% cap · market cap 22.30%
Second Best
Multifamily LT 5
$739.3K
$646.9K – $862.6K
NOI $51,753 @ 7.0% cap · market cap 12.35%
Theoretical Best
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,740 @ 7.0% cap · market cap 25.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95503, CA
24,488
Population
10,738
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
83.7 sq mi
ZIP Area
293
Density / Sq Mi
$76,708
Median Household Income
$36,822
Median Earnings
$1,485
Median Rent
$411,500
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?
Storefront property - Four leased units with retail, garage/shop, and upstairs apartments, plus off-street parking and a roof replacement in progress.
Where is this storefront property located?
The property is located at 318 W Harris Street Eureka, CA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Neighborhood Commercial building with 4 separate leased units at the high‑traffic intersection of Harris and Union; Total monthly gross income is $3,720, including a leased retail shop and leased garage/shop, plus two leased upstairs apartments; Off‑street parking available
