Triplex with Private
New
For Sale
$990,000
427 E Lodi Avenue, Lodi, CA 95240
Three separately accessed residences include dedicated laundry connections, climate control, and on-site parking.
Property Size5,523 SF
Price / SF$179.25
Days on Market5
Property Features for 427 E Lodi Avenue
General Information
Standard status
Active
Size
5,523 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Amenities
washer and dryer hookups
mini-split heating and cooling systems
garage parking
off-street parking
private entrance
Building Details
Year Built
1915
Buildings
1
Listing Agency:
J.Peter Realtors
(408) 465-4899
Listed By:
The Jamison Team
(408) 465-4899
Source:
Tuscanaproperties
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 28 at 8:15PM
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 J.Peter Realtors
Investment Insights
Based on property information with market context.
This triplex contains three individual two-bedroom, one-bath residences within a 5,523-square-foot property. Each unit has its own entrance, washer and dryer hookups, and an individual mini-split system for heating and cooling. Garage parking is provided, with additional off-street spaces located behind the building.
The property is located at 427 E Lodi Avenue in Lodi, California. Separate access and dedicated parking support independent occupancy across the three residences, while the unit configuration offers a straightforward multifamily layout for ownership or leasing.
The property is located at 427 E Lodi Avenue in Lodi, California. Separate access and dedicated parking support independent occupancy across the three residences, while the unit configuration offers a straightforward multifamily layout for ownership or leasing.
Key Highlights
- Three 2‑bedroom, 1‑bathroom units
- 5,523‑square‑foot triplex property
- Private entrance for each residence
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
$73,104
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
7.38%
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%
$1,462,080
$1.5M
Cap Rate 7%
$1,044,343
$1.0M
Cap Rate 9%
$812,267
$812.3K
Market Conditions
NOI Build-Up for 5,523 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
$109.4K $19.80/SF
− Vacancy
−$4.9K −$0.89/SF
EGI
$104.4K $18.91/SF
− OpEx
−$31.3K −$5.67/SF
NOI
$73.1K $13.24/SF
Area
San Joaquin County, CA
Vacancy
4.50%
Lease Rate
$19.80 /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%
$1,462,080
Cap Rate 7%
$1,044,343
Cap Rate 9%
$812,267
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$913.8K – $1.22M
NOI $73,104 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$969.8K
$848.6K – $1.13M
NOI $67,888 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $84,900 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,630
Businesses Nearby
Explore this area
Business Placement
Demographics for 95240, CA
49,102
Population
17,304
Households
2.8
Avg Household Size
35
Median Age
18%
College-Educated
76%
High-School Grad
68.2 sq mi
ZIP Area
720
Density / Sq Mi
$76,870
Median Household Income
$38,359
Median Earnings
$1,439
Median Rent
$443,700
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 separately accessed residences include dedicated laundry connections, climate control, and on-site parking.
Where is this triplex located?
The property is located at 427 E Lodi Avenue Lodi, CA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bathroom units; 5,523‑square‑foot triplex property; Private entrance for each residence
