Two-Home Multifamily
New
For Sale
$629,000
406 East St, Roseville, CA 95678
Two residences share one parcel, with a renovated primary home and an occupied second residence near downtown amenities.
Property Size1,290 SF
Price / SF$487.60
Days on Market4
Property Features for 406 East St
General Information
Standard status
Active
Size
1,290 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
light cosmetic updates
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
1954
Buildings
2
Listing Agency:
Capital Group Realty, Inc.
Listed By:
Andrey Petrin · License #01456514
(916) 715-2089
Source:
Rootsrealestategroup
Added: Sep 18
Last Checked: Sep 20 at 12:15PM
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 Capital Group Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 1954, this multifamily property includes two homes on one lot and has a reported property size of 1,290. The primary residence underwent a full renovation in 2024, including replacement plumbing, electrical, and HVAC systems, along with refreshed finishes, laminate flooring, updated cabinetry, and new countertops. The second home is positioned off the alley, occupied, and described as being in good condition, with some cosmetic updating noted as a possibility.
An approved parcel map is in place, with the property described as having the potential to become two separate parcels. The property is located at 406 East St in Old Roseville, near Downtown Roseville, shopping, dining, parks, and newer homes across the street.
An approved parcel map is in place, with the property described as having the potential to become two separate parcels. The property is located at 406 East St in Old Roseville, near Downtown Roseville, shopping, dining, parks, and newer homes across the street.
Key Highlights
- Two homes situated on one lot at 406 East St
- Approved parcel map with potential to split into two separate parcels
- Primary home fully renovated in 2024
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
$19,248
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
3.06%
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%
$384,960
$385.0K
Cap Rate 7%
$274,971
$275.0K
Cap Rate 9%
$213,867
$213.9K
Market Conditions
NOI Build-Up for 1,290 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
$37.2K $28.80/SF
− Vacancy
−$2.2K −$1.67/SF
EGI
$35.0K $27.13/SF
− OpEx
−$15.7K −$12.21/SF
NOI
$19.2K $14.92/SF
Area
Roseville, CA
Vacancy
5.80%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
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%
$384,960
Cap Rate 7%
$274,971
Cap Rate 9%
$213,867
Alternative Uses
Best Use
Apartment 5plus
$275.0K
$240.6K – $320.8K
NOI $19,248 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.0K
$310.7K – $414.2K
NOI $24,853 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
Explore this area
Business Placement
Demographics for 95678, CA
45,136
Population
18,594
Households
2.4
Avg Household Size
37
Median Age
39%
College-Educated
93%
High-School Grad
11.4 sq mi
ZIP Area
3,959
Density / Sq Mi
$104,704
Median Household Income
$53,807
Median Earnings
$2,118
Median Rent
$534,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - Two residences share one parcel, with a renovated primary home and an occupied second residence near downtown amenities.
Where is this multifamily property located?
The property is located at 406 East St Roseville, CA.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Two homes situated on one lot at 406 East St; Approved parcel map with potential to split into two separate parcels; Primary home fully renovated in 2024
