Triplex with Large
For Sale
$799,000
3513 Fairview DR, Antioch, CA 94509
Three separate units support multifamily ownership, rental use, or owner-occupancy.
Property Size3,072 SF
Lot Size0.19 Acres
Price / SF$260.09
Days on Market110
Property Features for 3513 Fairview DR
General Information
Standard status
Active
Size
3,072 SF
Lot size
0.19 Acres
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1965
Listing Agency:
E3 Realty & Loans
(925) 305-3466
Listed By:
Christopher Rael · License #02030079
(925) 305-3466
Source:
Exitrealty
Added: May 13
Changed: Aug 29
Last Checked: Aug 29 at 6:20PM
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 E3 Realty & Loans
Investment Insights
Based on property information with market context.
This Antioch triplex contains three separate units within approximately 3,072 square feet of living space. The property sits on an 8,255-square-foot lot, providing room for outdoor areas, parking, or storage. Built in 1965, the property offers a multi-unit configuration suited to rental ownership or an owner-occupant arrangement.
The property is located near shopping, dining, schools, parks, freeway access, and BART. Its Antioch setting places everyday services and regional transportation options within the surrounding area, while the three-unit layout provides flexibility for multifamily use.
The property is located near shopping, dining, schools, parks, freeway access, and BART. Its Antioch setting places everyday services and regional transportation options within the surrounding area, while the three-unit layout provides flexibility for multifamily use.
Key Highlights
- Three separate units in one multifamily property
- Approximately 3,072 sq ft of living space
- 8,255 sq ft lot
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
$52,595
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
6.58%
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%
$1,051,900
$1.1M
Cap Rate 7%
$751,357
$751.4K
Cap Rate 9%
$584,389
$584.4K
Market Conditions
NOI Build-Up for 3,072 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
$79.3K $25.80/SF
− Vacancy
−$4.1K −$1.34/SF
EGI
$75.1K $24.46/SF
− OpEx
−$22.5K −$7.34/SF
NOI
$52.6K $17.12/SF
Area
Antioch, CA
Vacancy
5.20%
Lease Rate
$25.80 /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%
$1,051,900
Cap Rate 7%
$751,357
Cap Rate 9%
$584,389
Alternative Uses
Best Use
Multifamily LT 5
$751.4K
$657.4K – $876.6K
NOI $52,595 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$698.4K
$611.1K – $814.8K
NOI $48,885 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$930.6K
$814.2K – $1.09M
NOI $65,139 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
Explore this area
Business Placement
Demographics for 94509, CA
69,931
Population
24,048
Households
2.9
Avg Household Size
36
Median Age
19%
College-Educated
82%
High-School Grad
17.4 sq mi
ZIP Area
4,019
Density / Sq Mi
$81,512
Median Household Income
$42,401
Median Earnings
$2,052
Median Rent
$565,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate units support multifamily ownership, rental use, or owner-occupancy.
Where is this triplex located?
The property is located at 3513 Fairview DR Antioch, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three separate units in one multifamily property; Approximately 3,072 sq ft of living space; 8,255 sq ft lot
