Duplex with Water
For Sale
$899,000
407-413 Rinconada Court, Benicia, CA 94510
MULTI_FAMILY - Benicia, CA
Property Size2,333 SF
Lot Size0.25 Acres
Price / SF$385.34
Days on Market28
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
Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 4
Parking
4
Parking features
On Street, Garage
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 and dryer hookups
Tesla charging station
drought-tolerant landscaping
stamped concrete
mature fruit trees
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: Jul 17
Changed: Aug 13
Last Checked: Aug 13 at 3:06PM
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 duplex at 407-413 Rinconada Court includes a 3-bedroom, 2-bath primary residence and a separate 1-bedroom, 1-bath unit. The property contains 2,333 square feet on a 0.25-acre lot, with each residence offering its own washer and dryer hookups. Central heating and central air serve the units, while laminate and carpet flooring, stucco construction, and a shingle roof contribute to the overall configuration. The property was built in 1976.
Outdoor features include drought-tolerant landscaping, stamped concrete, mature fruit trees, and a Tesla charging station. Parking includes garage and on-street options. Public water and public sewer serve the property. The duplex has water and mountain views and is located in Benicia, California, within Solano County.
Outdoor features include drought-tolerant landscaping, stamped concrete, mature fruit trees, and a Tesla charging station. Parking includes garage and on-street options. Public water and public sewer serve the property. The duplex has water and mountain views and is located in Benicia, California, within Solano County.
Key Highlights
- 3‑bedroom, 2‑bath primary residence plus separate 1‑bedroom, 1‑bath unit
- 2,333 square feet on a 0.25‑acre lot
- Each unit has its own washer and dryer hookups
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide flexible living arrangements with independent laundry hookups and shared outdoor improvements.
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: 3‑bedroom, 2‑bath primary residence plus separate 1‑bedroom, 1‑bath unit; 2,333 square feet on a 0.25‑acre lot; Each unit has its own washer and dryer hookups
