Building Details

Year built 1997

Floors in Building 2

Number of units 2

Flooring type Vinyl, Carpet

Roof type Shingle

Architectural style Other

Listing Agency: Coldwell Banker Cutten Realty · Coldwell Banker Real Estate L***@gmail.com Show Phone

Listed By: Joe Matteoli · License #01227617 Show Phone

Added: Mar 24 Changed: Aug 19 Last Checked: Aug 21 at 6:06PM

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MLS# 271847

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 well-maintained duplex offers two separate living units. The primary unit features 3 bedrooms and 1.5 bathrooms, with a spacious living room that opens to a private deck overlooking an oversized, fully fenced yard. The second unit provides a 1-bedroom, 1-bath layout with generous living space. Both units include attached garages and washer/dryer hookups for added everyday convenience.

Located in Fields Landing in a quiet neighborhood, the property is described as being just moments from Humboldt Bay, with easy access to Highway 101, Eureka, and nearby coastal recreation.

Designed for flexibility, the duplex can support a tenant-leasing arrangement or an owner-occupant setup while collecting rental income from the second unit. The outdoor deck and fully fenced yard provide practical shared benefits for day-to-day living, while the attached garages and in-unit laundry hookups help simplify tenant operations or personal use.

Key Highlights

• Duplex built in 1997 with public sewer and a shingle roof
• Primary unit: 3 bedrooms and 1.5 bathrooms with a living room and sliding glass doors to a private deck
• Oversized fully fenced yard tied to the primary unit outdoor living space

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

$23,755

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

5.41%

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%

$475,100 $475.1K

Cap Rate 7%

$339,357 $339.4K

Cap Rate 9%

$263,944 $263.9K

Market Conditions

NOI Build-Up for 1,836 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

$36.4K $19.80/SF

− Vacancy

−$2.4K −$1.32/SF

EGI

$33.9K $18.48/SF

− OpEx

−$10.2K −$5.54/SF

NOI

$23.8K $12.94/SF

Area

Humboldt County, CA

Vacancy

6.65%

Lease Rate

$19.80 /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%

$475,100

Cap Rate 7%

$339,357

Cap Rate 9%

$263,944

Alternative Uses

Best Use

Multifamily LT 5

$339.4K

$296.9K – $395.9K (±1% cap)

NOI $23,755 @ 7.0% cap · market cap 5.41%

Second Best

Apartment 5plus

$312.3K

$273.3K – $364.4K (±1% cap)

NOI $21,863 @ 7.0% cap · market cap 4.98%

Theoretical Best

Flex RnD

$693.4K

$606.7K – $808.9K (±1% cap)

NOI $48,535 @ 7.0% cap · market cap 11.06%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Lease Details

2

Residential units

Multi-tenant

Tenancy

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

59

Businesses Nearby

Explore this area Business Placement

Demographics for 95537, CA

313

Population

105

Households

3

Avg Household Size

36

Median Age

17%

College-Educated

100%

High-School Grad

0.3 sq mi

ZIP Area

1,043

Density / Sq Mi

$76,116

Median Household Income

$23,364

Median Earnings

$360,300

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - A versatile two-unit duplex with attached garages and washer/dryer hookups, suited for renting or owner-occupancy.

Where is this duplex located?

The property is located at 335 C Street Fields Landing, CA.

What is the asking price?

The asking price for this property is $439,000.

What are key features of this property?

This property features: Duplex built in 1997 with public sewer and a shingle roof; Primary unit: 3 bedrooms and 1.5 bathrooms with a living room and sliding glass doors to a private deck; Oversized fully fenced yard tied to the primary unit outdoor living space