Duplex With Water
New
For Sale
$899,000
407-413 Rinconada Court, Benicia, CA 94510
Residential Income, Benicia, CA
Property Size2,333 SF
Lot Size0.25 Acres
Price / SF$385.34
Days on Market4
Property Features for 407-413 Rinconada Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 3
Parking
4
Parking features
Garage, On Street
Window features
Double Pane Windows
Appliances
Disposal, Free-Standing Electric Oven, Free-Standing Refrigerator, Microwave
Lot features
Court, Cul-De-Sac
View
City, Water
Directions
East 5th St, going North above Hwy 780, turn left on Rinconada Ct.
Subdivision
Benicia 3
Standard status
Active
APN
0088171510
Size
2,333 SF
Lot size
0.25 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer_dryer_hookups
tesla_charging_station
drought_tolerant_landscaping
stamped_concrete
mature_fruit_trees
water_views
mountain_views
Building Details
Year built
1976
Floors in Building
2
Number of units
1
Flooring type
Laminate, Carpet
Building materials
Stucco
Roof type
Shingle
Listing Agency:
eXp Realty of California, Inc
(510) 776-7727
Listed By:
Nathan L Hancock · License #01957732
(707) 315-2597
Added: Sep 16
Last Checked: Sep 19 at 7:06PM
MLS# 326060399
Copyright © 2026 Bay Area Real Estate Information Services, Inc. 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 2,333 square feet of combined living area on a 0.25-acre lot. The primary residence includes three bedrooms and two bathrooms, while the separate unit provides one bedroom and one bathroom. Both units have individual washer and dryer hookups, supporting independent household use. Interior features include laminate and carpet flooring, central heating and air conditioning, stucco construction, and public water and sewer service. The property was built in 1976 and includes a shingle roof, garage parking, and on-street parking.
Located at 407-413 Rinconada Court in Benicia, the property includes water and mountain views. Exterior improvements feature drought-tolerant landscaping, stamped concrete, mature fruit trees, and a Tesla charging station. The separate floor plans support extended-family living or rental use while maintaining distinct residential spaces.
Located at 407-413 Rinconada Court in Benicia, the property includes water and mountain views. Exterior improvements feature drought-tolerant landscaping, stamped concrete, mature fruit trees, and a Tesla charging station. The separate floor plans support extended-family living or rental use while maintaining distinct residential spaces.
Key Highlights
- 2,333 square feet of combined living area on a 0.25‑acre lot
- Primary residence with 3 bedrooms and 2 bathrooms
- Separate 1‑bedroom, 1‑bathroom unit
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
$39,302
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
4.37%
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%
$786,040
$786.0K
Cap Rate 7%
$561,457
$561.5K
Cap Rate 9%
$436,689
$436.7K
Market Conditions
NOI Build-Up for 2,333 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
$58.8K $25.20/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$56.1K $24.07/SF
− OpEx
−$16.8K −$7.22/SF
NOI
$39.3K $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%
$786,040
Cap Rate 7%
$561,457
Cap Rate 9%
$436,689
Alternative Uses
Best Use
Multifamily LT 5
$561.5K
$491.3K – $655.0K
NOI $39,302 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$505.8K
$442.5K – $590.1K
NOI $35,403 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$778.5K
$681.2K – $908.3K
NOI $54,496 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Explore this area
Business Placement
Demographics for 94510, CA
27,174
Population
11,463
Households
2.4
Avg Household Size
46
Median Age
46%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
931
Density / Sq Mi
$125,222
Median Household Income
$70,569
Median Earnings
$2,234
Median Rent
$778,900
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?
Duplex - Well-maintained duplex with separate living quarters, private laundry hookups, updated outdoor areas, and a Tesla charging station.
Where is this duplex located?
The property is located at 407-413 Rinconada Court Benicia, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2,333 square feet of combined living area on a 0.25‑acre lot; Primary residence with 3 bedrooms and 2 bathrooms; Separate 1‑bedroom, 1‑bathroom unit
