Fourplex with Dedicated
For Sale
$1,250,000
340 S 2nd St, Dixon, CA 95620
Income property with varied unit layouts, individual garages, laundry hookups, and separately metered utilities.
Property Size4,213 SF
Price / SF$296.70
Days on Market20
Property Features for 340 S 2nd St
General Information
Standard status
Active
Size
4,213 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 3 x 3BR/1.5BA
Multifamily Units
4
Amenities
inside laundry hookups
central heating and air conditioning
Building Details
Year Built
1991
Listing Agency:
Century 21 Epic
(707) 429-2121
Listed By:
Ted Seifert
4292121
Source:
Exprealty
Added: Aug 27
Changed: Sep 8
Last Checked: Sep 15 at 12:45PM
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 Century 21 Epic
Investment Insights
Based on property information with market context.
This fourplex contains 4,213 square feet and was built in 1991. The configuration includes one single-story two-bedroom, one-bath unit and three two-story three-bedroom, one-and-a-half-bath units. Each residence includes a dedicated single-car garage, laundry hookups, central heating and air conditioning, and a separate utility meter. The south-side exterior was replaced in August 2026.
The property is in East Dixon, with downtown dining, local shopping, the middle school, and the high school located a few blocks away. The combination of varied floor plans, private garage space, and individually metered utilities provides a clearly defined multifamily configuration.
The property is in East Dixon, with downtown dining, local shopping, the middle school, and the high school located a few blocks away. The combination of varied floor plans, private garage space, and individually metered utilities provides a clearly defined multifamily configuration.
Key Highlights
- Fourplex totaling 4,213 square feet, built in 1991
- Unit mix includes one 2‑bedroom, 1‑bath unit and three 3‑bedroom, 1.5‑bath units
- Every unit has a dedicated single‑car garage
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
$70,973
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
5.68%
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%
$1,419,460
$1.4M
Cap Rate 7%
$1,013,900
$1.0M
Cap Rate 9%
$788,589
$788.6K
Market Conditions
NOI Build-Up for 4,213 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
$106.2K $25.20/SF
− Vacancy
−$4.8K −$1.13/SF
EGI
$101.4K $24.07/SF
− OpEx
−$30.4K −$7.22/SF
NOI
$71.0K $16.85/SF
Area
Solano County, CA
Vacancy
4.50%
Lease Rate
$25.20 /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%
$1,419,460
Cap Rate 7%
$1,013,900
Cap Rate 9%
$788,589
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$887.2K – $1.18M
NOI $70,973 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$913.3K
$799.1K – $1.07M
NOI $63,931 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,410 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
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Business Placement
Demographics for 95620, CA
21,439
Population
8,179
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
85%
High-School Grad
241.3 sq mi
ZIP Area
89
Density / Sq Mi
$100,224
Median Household Income
$46,302
Median Earnings
$1,716
Median Rent
$594,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Income property with varied unit layouts, individual garages, laundry hookups, and separately metered utilities.
Where is this quadplex located?
The property is located at 340 S 2nd St Dixon, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fourplex totaling 4,213 square feet, built in 1991; Unit mix includes one 2‑bedroom, 1‑bath unit and three 3‑bedroom, 1.5‑bath units; Every unit has a dedicated single‑car garage
