Historic Mixed-Use
For Sale
$500,000
424 Main Street, Ferndale, CA 95536
Commercial Sale, Ferndale, CA
Property Size3,335 SF
Lot Size0.06 Acres
Price / SF$149.93
Days on Market243
Property Features for 424 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Yes
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Interior features
Handicap Access, Handicap Restroom
Accessibility
Accessible Approach with Ramp
Subdivision
Mid County
Standard status
Active
Size
3,335 SF
Lot size
0.06 Acres
Amenities
five office spaces
laundry room
handicap-accessible bathroom
Building Details
Floors in Building
2
Flooring type
Tile, Wood, Carpet
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
EXP Realty of California, Inc.
(888) 584-9427
Listed By:
Sarah Pichulo · License #02118250
(707) 223-2213
Added: Feb 6
Changed: Sep 15
Last Checked: Oct 7 at 1:06AM
MLS# 271524
Copyright © 2026 Humboldt Association of Realtors. 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.
Built in 1914, this 3,335-square-foot mixed-use property includes a 1,955-square-foot commercial storefront and two residential apartments. The street-level space has tall ceilings, an open main room, a glass storefront, five offices, a laundry room, and a handicap-accessible bathroom. Wood siding, shingle roofing, and tile, wood, and carpet flooring contribute to the building’s historic character.
The residential portion consists of a one-bedroom, one-bath apartment with views toward Main Street and updated kitchen and bathroom finishes, plus a two-bedroom, one-bath apartment with an open layout, tile kitchen flooring, granite countertops, and a clawfoot tub. The property occupies 0.06 acres at 424 Main Street in Ferndale and is listed on the National Register of Historic Places in Humboldt County as the Mullady Building. The commercial unit also has a documented long-term rental history.
The residential portion consists of a one-bedroom, one-bath apartment with views toward Main Street and updated kitchen and bathroom finishes, plus a two-bedroom, one-bath apartment with an open layout, tile kitchen flooring, granite countertops, and a clawfoot tub. The property occupies 0.06 acres at 424 Main Street in Ferndale and is listed on the National Register of Historic Places in Humboldt County as the Mullady Building. The commercial unit also has a documented long-term rental history.
Key Highlights
- 3,335‑square‑foot mixed‑use property on 0.06 acres
- 1,955‑square‑foot commercial storefront with tall ceilings and glass storefront windows
- Five office spaces, laundry room, and handicap‑accessible bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,712
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,240
$794.2K
Cap Rate 7%
$567,314
$567.3K
Cap Rate 9%
$441,244
$441.2K
Market Conditions
NOI Build-Up for 3,335 SF
Gross rent
$77.6K $23.28/SF
− Vacancy
−$5.4K −$1.63/SF
EGI
$72.2K $21.65/SF
− OpEx
−$32.5K −$9.74/SF
NOI
$39.7K $11.91/SF
Area
Humboldt County, CA
Vacancy
7.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,240
Cap Rate 7%
$567,314
Cap Rate 9%
$441,244
Alternative Uses
Best Use
Retail
$1.11M
$973.7K – $1.30M
NOI $77,899 @ 7.0% cap · market cap 15.58%
Second Best
Apartment 5plus
$567.3K
$496.4K – $661.9K
NOI $39,712 @ 7.0% cap · market cap 7.94%
Theoretical Best
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $88,161 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Office units
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 95536, CA
2,753
Population
1,548
Households
1.8
Avg Household Size
46
Median Age
24%
College-Educated
91%
High-School Grad
162.8 sq mi
ZIP Area
17
Density / Sq Mi
$66,563
Median Household Income
$36,948
Median Earnings
$1,239
Median Rent
$570,800
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Victorian-era property combines a street-level commercial storefront with two upstairs apartments and accessible building features.
Where is this mixed-use property located?
The property is located at 424 Main Street Ferndale, CA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3,335‑square‑foot mixed‑use property on 0.06 acres; 1,955‑square‑foot commercial storefront with tall ceilings and glass storefront windows; Five office spaces, laundry room, and handicap‑accessible bathroom
