Listing Agency: Keller Williams Realty

Listed By: Dennis Hall · License #02237378 Show Phone

Source: Exprealty

Added: May 11 Changed: Oct 29 Last Checked: Oct 28 at 3:01PM

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Investment Insights

Based on property information with market context.

This duplex contains two residential units and is currently fully occupied. The property is located in the downtown area of Tulelake, California, providing an in-town setting for an income-producing residential asset. PropertySize is reported as 1,200, with no unit of measurement specified.

Key Highlights

• Two‑unit duplex configuration
• Fully occupied
• Located in downtown Tulelake

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,615

Cap Rate

5.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$212,300 $212.3K

Cap Rate 7%

$151,643 $151.6K

Cap Rate 9%

$117,944 $117.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$15.8K $13.20/SF

− Vacancy

−$676 −$0.56/SF

EGI

$15.2K $12.64/SF

− OpEx

−$4.5K −$3.79/SF

NOI

$10.6K $8.85/SF

Area

Siskiyou County, CA

Vacancy

4.27%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$212,300

Cap Rate 7%

$151,643

Cap Rate 9%

$117,944

Alternative Uses

Best Use

Multifamily LT 5

$151.6K

$132.7K – $176.9K (±1% cap)

NOI $10,615 @ 7.0% cap · market cap 5.31%

Second Best

Apartment 5plus

$140.5K

$122.9K – $163.9K (±1% cap)

NOI $9,833 @ 7.0% cap · market cap 4.92%

Theoretical Best

Office A

$353.0K

$308.9K – $411.8K (±1% cap)

NOI $24,710 @ 7.0% cap · market cap 12.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

2

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

105

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Fully occupied two-unit property positioned in Tulelake’s downtown area.

Where is this duplex located?

The property is located at 457 F St Tulelake, CA.

What is the asking price?

The asking price for this property is $200,000.

What are key features of this property?

This property features: Two‑unit duplex configuration; Fully occupied; Located in downtown Tulelake