Remodeled Two-Dwelling
New
For Sale
$674,900
474 A St, Lincoln, CA 95648
Two single-story residences include a remodeled main home, detached secondary quarters, RV parking, and garden space.
Property Size1,440 SF
Price / SF$468.68
Days on Market2
Property Features for 474 A St
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi-Family
Building Details
Year Built
1945
Listing Agency:
eXp Realty of California Inc.
Listed By:
Rich Silvas · License #01131216
(916) 600-3026
Source:
Aspirerealestateca
Added: Sep 14
Last Checked: Sep 15 at 7:31PM
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 duplex property includes two single-story dwellings on a corner lot. The primary residence measures 1,440 square feet and offers two bedrooms, one bathroom, an open-plan interior, and a large kitchen. Improvements include a full interior remodel and a new roof. A detached secondary dwelling provides additional space for occupants, guests, or separate use.
The property is located at 474 A Street in downtown Lincoln, within 100 yards of a convenience store and approximately 150 yards of McBean Park. The site is on a commercial-zoned lot and includes a garden area, garden shed, and secured RV parking yard with 50-amp hookups behind a new gate. Downtown amenities described for the surrounding area include coffee shops, boutiques, brew pubs, and restaurants.
The property is located at 474 A Street in downtown Lincoln, within 100 yards of a convenience store and approximately 150 yards of McBean Park. The site is on a commercial-zoned lot and includes a garden area, garden shed, and secured RV parking yard with 50-amp hookups behind a new gate. Downtown amenities described for the surrounding area include coffee shops, boutiques, brew pubs, and restaurants.
Key Highlights
- Two single‑story dwellings on a corner lot
- 1,440‑square‑foot primary residence with 2 bedrooms and 1 bathroom
- Main home features a full interior remodel and new roof
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
$24,310
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
3.60%
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%
$486,200
$486.2K
Cap Rate 7%
$347,286
$347.3K
Cap Rate 9%
$270,111
$270.1K
Market Conditions
NOI Build-Up for 1,440 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
$36.6K $25.44/SF
− Vacancy
−$1.9K −$1.32/SF
EGI
$34.7K $24.12/SF
− OpEx
−$10.4K −$7.24/SF
NOI
$24.3K $16.88/SF
Area
Placer County, CA
Vacancy
5.20%
Lease Rate
$25.44 /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%
$486,200
Cap Rate 7%
$347,286
Cap Rate 9%
$270,111
Alternative Uses
Best Use
Multifamily LT 5
$347.3K
$303.9K – $405.2K
NOI $24,310 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$316.9K
$277.3K – $369.7K
NOI $22,184 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$557.5K
$487.8K – $650.4K
NOI $39,023 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
Explore this area
Business Placement
Demographics for 95648, CA
54,483
Population
22,095
Households
2.5
Avg Household Size
45
Median Age
38%
College-Educated
94%
High-School Grad
144.3 sq mi
ZIP Area
378
Density / Sq Mi
$108,200
Median Household Income
$58,255
Median Earnings
$2,054
Median Rent
$635,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two single-story residences include a remodeled main home, detached secondary quarters, RV parking, and garden space.
Where is this duplex located?
The property is located at 474 A St Lincoln, CA.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Two single‑story dwellings on a corner lot; 1,440‑square‑foot primary residence with 2 bedrooms and 1 bathroom; Main home features a full interior remodel and new roof
