Three-Unit Residential
New
For Sale
$750,000
3401 9th Street, Ceres, CA 95307
Three two-bedroom residences each include a private yard, laundry hookups, and an attached garage.
Property Size3,200 SF
Price / SF$234.38
Days on Market2
Property Features for 3401 9th Street
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR/2BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
garage
private backyard
laundry hookups
Building Details
Year Built
1990
Buildings
1
Listing Agency:
Re/Max Gold Copperopolis
(209) 753-0410
Listed By:
Inspired Real Estate Group Inc
(916) 622-5341
Source:
Inspiredrealestategroup
Added: Sep 24
Last Checked: Sep 24 at 2:40PM
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 Re/Max Gold Copperopolis
Investment Insights
Based on property information with market context.
This 1990-built triplex contains three 2-bedroom, 2-bath residences with approximately 3,200 square feet of combined living area. Each unit has a single-car garage, a private backyard, and laundry hookups. A tile roof serves the building.
The property is on 9th Street in Ceres, near Highway 99, downtown, shopping, and restaurants. Walmart is within walking distance.
The property is on 9th Street in Ceres, near Highway 99, downtown, shopping, and restaurants. Walmart is within walking distance.
Key Highlights
- Three 2‑bedroom, 2‑bath units
- Approximately 3,200 square feet of total living space
- Each residence has a single‑car garage and private backyard
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
$43,296
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
5.77%
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%
$865,920
$865.9K
Cap Rate 7%
$618,514
$618.5K
Cap Rate 9%
$481,067
$481.1K
Market Conditions
NOI Build-Up for 3,200 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
$63.4K $19.80/SF
− Vacancy
−$1.5K −$0.47/SF
EGI
$61.9K $19.33/SF
− OpEx
−$18.6K −$5.80/SF
NOI
$43.3K $13.53/SF
Area
Stanislaus County, CA
Vacancy
2.38%
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%
$865,920
Cap Rate 7%
$618,514
Cap Rate 9%
$481,067
Alternative Uses
Best Use
Multifamily LT 5
$618.5K
$541.2K – $721.6K
NOI $43,296 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$570.7K
$499.4K – $665.8K
NOI $39,948 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,113 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Explore this area
Business Placement
Demographics for 95307, CA
46,346
Population
13,221
Households
3.5
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
32.8 sq mi
ZIP Area
1,413
Density / Sq Mi
$77,101
Median Household Income
$37,567
Median Earnings
$1,455
Median Rent
$402,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom residences each include a private yard, laundry hookups, and an attached garage.
Where is this triplex located?
The property is located at 3401 9th Street Ceres, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three 2‑bedroom, 2‑bath units; Approximately 3,200 square feet of total living space; Each residence has a single‑car garage and private backyard
