Victorian Duplex with Upper-Level
460 Alger Street, Fort Bragg, CA 95437
For Sale
$499,000
A flexible upper-floor layout includes two exterior entries and a connection to the main living area.
Property Size1,900 SF
Price / SF$262.63
Days on Market77
Property Features for 460 Alger Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
deck
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Garden Ranch Real Estate
Listed By:
Kathy Westfall · License #01372172
(707) 357-7824
Source:
Mendosothebysrealty
Added: Aug 25
Changed: Nov 8
Last Checked: Nov 8 at 9:18PM
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 Garden Ranch Real Estate
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Investment Insights
Based on property information with market context.
This 1,900-square-foot Victorian duplex features original wood flooring in the bedrooms and living room. The upper level has two separate entrances and can also be reached through the downstairs living room. A rear deck overlooks the south-facing backyard, and the property extends to the Pudding Creek boundary.
Railroad tracks used by the Skunk Train run behind the home. Otis Johnson Park is nearby. The lot is zoned for up to five units.
Railroad tracks used by the Skunk Train run behind the home. Otis Johnson Park is nearby. The lot is zoned for up to five units.
Key Highlights
- 1,900 square feet of building area
- Upper level has two separate entrances and interior access from the downstairs living room
- Original wood floors in the bedrooms and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,570
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,400
$351.4K
Cap Rate 7%
$251,000
$251.0K
Cap Rate 9%
$195,222
$195.2K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$26.2K $13.80/SF
− Vacancy
−$1.1K −$0.59/SF
EGI
$25.1K $13.21/SF
− OpEx
−$7.5K −$3.96/SF
NOI
$17.6K $9.25/SF
Area
Mendocino County, CA
Vacancy
4.27%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,400
Cap Rate 7%
$251,000
Cap Rate 9%
$195,222
Alternative Uses
Best Use
Multifamily LT 5
$251.0K
$219.6K – $292.8K
NOI $17,570 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$231.0K
$202.1K – $269.5K
NOI $16,167 @ 7.0% cap · market cap 3.24%
Theoretical Best
Flex RnD
$710.3K
$621.6K – $828.7K
NOI $49,724 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
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Business Placement
Demographics for 95437, CA
14,608
Population
7,654
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
86%
High-School Grad
177.4 sq mi
ZIP Area
82
Density / Sq Mi
$55,061
Median Household Income
$35,860
Median Earnings
$1,367
Median Rent
$541,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A flexible upper-floor layout includes two exterior entries and a connection to the main living area.
Where is this duplex located?
The property is located at 460 Alger Street Fort Bragg, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,900 square feet of building area; Upper level has two separate entrances and interior access from the downstairs living room; Original wood floors in the bedrooms and living room
