Triplex with Private Rear
For Sale
$880,000
Pending
432-434 Ohio St, Vallejo, CA 94590
Three move-in-ready units combine a vintage main home with a maintained two-story duplex for flexible living or rental income.
Property Size3,367 SF
Days on Market69
Property Features for 432-434 Ohio St
General Information
Standard status
Pending
Size
3,367 SF
Total Parking Spaces
5
Property subtype
Investment
Additional Details
Multifamily Units
3
Building Details
Building Size
3,367 SF
Year Built
1900
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
(707) 246-5677
Listed By:
Ida Ramos
(707) 246-5677
Source:
Elliman
Added: Jun 3
Changed: Aug 8
Last Checked: Jul 23 at 3:39AM
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 Ida Ramos
Investment Insights
Based on property information with market context.
This property offers a three-unit residential income setup with a vintage main house and a two-story duplex in the rear. The main home has three bedrooms and two full bathrooms, with central heat and original character details such as high ceilings, long windows, and period finishes in the formal areas. The large eat-in kitchen includes stainless appliances and quartz counters, and the upper level features a formal entry and living spaces. A raised, private deck connects to a mature, landscaped backyard, and the lower portion includes a third bedroom, an updated second bathroom, a large laundry room, and a workshop area with potential for further flex space.
The duplex consists of two identical two-bedroom, one-bath units, each with kitchens and laundry access. Each unit is equipped with wall heaters, and the property provides good off-street parking for at least five cars behind the duplex. The home is in the desired St. Vincent’s Hill area near downtown, with the waterfront very close by.
All three units are described as move-in ready, supporting multiple living or leasing options. For owner-occupants, the main house can be lived in while renting the duplex to help offset expenses. The layout can also suit tenants seeking a two-unit residence with shared property access and independent kitchen and laundry amenities within each duplex unit.
The duplex consists of two identical two-bedroom, one-bath units, each with kitchens and laundry access. Each unit is equipped with wall heaters, and the property provides good off-street parking for at least five cars behind the duplex. The home is in the desired St. Vincent’s Hill area near downtown, with the waterfront very close by.
All three units are described as move-in ready, supporting multiple living or leasing options. For owner-occupants, the main house can be lived in while renting the duplex to help offset expenses. The layout can also suit tenants seeking a two-unit residence with shared property access and independent kitchen and laundry amenities within each duplex unit.
Key Highlights
- 1900‑built vintage main house plus a maintained stack two‑story duplex in one property with 3 move‑in‑ready units
- Main house features 3 bedrooms and 2 bathrooms, with central heat and high ceilings
- Large eat‑in kitchen with stainless appliances and quartz counters, plus formal living and dining areas
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
$65,482
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
7.44%
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%
$1,309,640
$1.3M
Cap Rate 7%
$935,457
$935.5K
Cap Rate 9%
$727,578
$727.6K
Market Conditions
NOI Build-Up for 3,367 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
$99.0K $29.40/SF
− Vacancy
−$5.4K −$1.62/SF
EGI
$93.5K $27.78/SF
− OpEx
−$28.1K −$8.33/SF
NOI
$65.5K $19.45/SF
Area
Vallejo, CA
Vacancy
5.50%
Lease Rate
$29.40 /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%
$1,309,640
Cap Rate 7%
$935,457
Cap Rate 9%
$727,578
Alternative Uses
Best Use
Multifamily LT 5
$935.5K
$818.5K – $1.09M
NOI $65,482 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$840.2K
$735.2K – $980.2K
NOI $58,812 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,707 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,886
Businesses Nearby
Explore this area
Business Placement
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
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 move-in-ready units combine a vintage main home with a maintained two-story duplex for flexible living or rental income.
Where is this triplex located?
The property is located at 432-434 Ohio St Vallejo, CA.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: 1900‑built vintage main house plus a maintained stack two‑story duplex in one property with 3 move‑in‑ready units; Main house features 3 bedrooms and 2 bathrooms, with central heat and high ceilings; Large eat‑in kitchen with stainless appliances and quartz counters, plus formal living and dining areas
