Triplex With Three One-Bedroom
For Sale
$585,000
442 W Lincoln Rd, Stockton, CA 95207
Fully occupied, single-story property positioned near shopping corridors with convenient walkability.
Property Size1,953 SF
Price / SF$299.54
Days on Market74
Property Features for 442 W Lincoln Rd
General Information
Standard status
Active
Size
1,953 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,877
Building Details
Buildings
1
Stories
1
Listing Agency:
eXp Realty of California Inc
(408) 472-1033
Listed By:
Valentina Sabour · License #02115277
(408) 472-1033
Source:
Exprealty
Added: Jun 19
Changed: Aug 28
Last Checked: Aug 31 at 12:35AM
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 eXp Realty of California Inc
Investment Insights
Based on property information with market context.
This fully occupied triplex contains 1,953 square feet in a single-story configuration. Built in 1961, the property offers three matching one-bedroom, one-bathroom units with efficient layouts and an established tenancy structure. A government-backed guaranteed income component is included within the existing tenancy profile.
The property is located at 442 West Lincoln Road in Stockton, near shopping corridors and an area described as quiet. Its 8.3 Walk Score supports pedestrian access to nearby retail destinations. The asset is offered with current tenants in place, and interior inspection is required as a condition of offers.
The property is located at 442 West Lincoln Road in Stockton, near shopping corridors and an area described as quiet. Its 8.3 Walk Score supports pedestrian access to nearby retail destinations. The asset is offered with current tenants in place, and interior inspection is required as a condition of offers.
Key Highlights
- Three identical 1‑bedroom, 1‑bathroom units
- 1,953 SF single‑story triplex
- Fully occupied with existing tenancy in place
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
$28,771
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
4.92%
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%
$575,420
$575.4K
Cap Rate 7%
$411,014
$411.0K
Cap Rate 9%
$319,678
$319.7K
Market Conditions
NOI Build-Up for 1,953 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
$43.4K $22.20/SF
− Vacancy
−$2.3K −$1.15/SF
EGI
$41.1K $21.05/SF
− OpEx
−$12.3K −$6.31/SF
NOI
$28.8K $14.73/SF
Area
ZIP 95207
Vacancy
5.20%
Lease Rate
$22.20 /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%
$575,420
Cap Rate 7%
$411,014
Cap Rate 9%
$319,678
Alternative Uses
Best Use
Multifamily LT 5
$411.0K
$359.6K – $479.5K
NOI $28,771 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$377.6K
$330.4K – $440.5K
NOI $26,432 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$648.2K
$567.2K – $756.2K
NOI $45,372 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
Explore this area
Business Placement
Demographics for 95207, CA
52,465
Population
20,300
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
7,287
Density / Sq Mi
$68,767
Median Household Income
$38,463
Median Earnings
$1,549
Median Rent
$409,000
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 - Fully occupied, single-story property positioned near shopping corridors with convenient walkability.
Where is this triplex located?
The property is located at 442 W Lincoln Rd Stockton, CA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Three identical 1‑bedroom, 1‑bathroom units; 1,953 SF single‑story triplex; Fully occupied with existing tenancy in place
