Updated Two-Unit
New
For Sale
$450,000
3236 Plymouth Road, Stockton, CA 95204
Corner-lot duplex with private entrances, garages, and driveway parking for both residences.
Property Size1,760 SF
Price / SF$255.68
Days on Market6
Property Features for 3236 Plymouth Road
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1977
Listing Agency:
Werner Properties
(209) 608-1120
Listed By:
Steven G. Werner · License #00706727
(209) 608-1120
Source:
Exitrealty
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 12 at 5:37AM
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 Werner Properties
Investment Insights
Based on property information with market context.
This 1,760-square-foot duplex, built in 1977, contains two residences with matching two-bedroom, one-bath layouts. Each unit has its own entrance, attached single-car garage, and additional driveway parking. Unit 3230 includes updated flooring, a bright living room with a picture window, granite kitchen countertops, subway tile backsplash, abundant cabinetry, stainless-steel gas range, and a double-basin sink. Its bathroom has an updated vanity, solid surface countertop, modern fixtures, and a tub-shower combination.
Unit 3236 is currently tenant occupied and follows the same two-bedroom, one-bath floor plan. The property sits on a corner lot and combines an updated owner-occupied unit with a second residence producing rental income.
Unit 3236 is currently tenant occupied and follows the same two-bedroom, one-bath floor plan. The property sits on a corner lot and combines an updated owner-occupied unit with a second residence producing rental income.
Key Highlights
- Two‑unit duplex with 1,760 SF of total property size
- Each residence includes a private entrance, attached single‑car garage, and additional driveway parking
- Unit 3230 features updated flooring, granite countertops, subway tile backsplash, and stainless‑steel gas range
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,639
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,780
$492.8K
Cap Rate 7%
$351,986
$352.0K
Cap Rate 9%
$273,767
$273.8K
Market Conditions
NOI Build-Up for 1,760 SF
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.
Gross rent
$38.0K $21.60/SF
− Vacancy
−$2.8K −$1.60/SF
EGI
$35.2K $20.00/SF
− OpEx
−$10.6K −$6.00/SF
NOI
$24.6K $14.00/SF
Area
Stockton, CA
Vacancy
7.41%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,780
Cap Rate 7%
$351,986
Cap Rate 9%
$273,767
Alternative Uses
Best Use
Multifamily LT 5
$352.0K
$308.0K – $410.7K
NOI $24,639 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$306.0K
$267.8K – $357.0K
NOI $21,420 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$475.9K
$416.5K – $555.3K
NOI $33,316 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 95204, CA
30,719
Population
12,354
Households
2.5
Avg Household Size
37
Median Age
20%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
5,796
Density / Sq Mi
$71,792
Median Household Income
$42,361
Median Earnings
$1,381
Median Rent
$358,300
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?
Duplex - Corner-lot duplex with private entrances, garages, and driveway parking for both residences.
Where is this duplex located?
The property is located at 3236 Plymouth Road Stockton, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,760 SF of total property size; Each residence includes a private entrance, attached single‑car garage, and additional driveway parking; Unit 3230 features updated flooring, granite countertops, subway tile backsplash, and stainless‑steel gas range
