Remodeled Duplex with Private
For Sale
$1,098,000
Pending
4935 Cowell Boulevard, Davis, CA 95618
Updated two-unit property on a corner lot with individual garages, covered patios, laundry areas, and storage rooms.
Property Size2,320 SF
Days on Market129
Property Features for 4935 Cowell Boulevard
General Information
Standard status
Pending
Size
2,320 SF
Total Parking Spaces
4
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Amenities
laundry area
storage rooms
covered patios
Building Details
Year Built
1966
Listing Agency:
Bella Vie Real Estate
Listed By:
Robin Ward · License #01107391
(530) 662-7000
Source:
Exitrealty
Added: Jun 10
Changed: Sep 1
Last Checked: Sep 15 at 5:31AM
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 Bella Vie Real Estate
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Investment Insights
Based on property information with market context.
This 2,320-square-foot duplex, built in 1966, has been comprehensively updated across both residences. Improvements include quartz countertops, luxury vinyl plank flooring, renovated bathrooms, and refreshed interior finishes. The two homes connect at the garages while maintaining separate settings. One residence includes a primary suite with an en suite bathroom and tiled walk-in shower, plus a second bedroom and hallway bathroom. The other offers two sizable bedrooms and one full bathroom.
Each unit has a private two-car garage with epoxy flooring, a laundry area equipped with a washer and dryer, and a dedicated storage room. The corner-lot property also provides covered patios and substantial outdoor space. Its South Davis setting places the duplex near parks, schools, shopping, and transportation. The City of Davis has indicated that additional ADUs may be possible.
Each unit has a private two-car garage with epoxy flooring, a laundry area equipped with a washer and dryer, and a dedicated storage room. The corner-lot property also provides covered patios and substantial outdoor space. Its South Davis setting places the duplex near parks, schools, shopping, and transportation. The City of Davis has indicated that additional ADUs may be possible.
Key Highlights
- 2,320‑square‑foot duplex on a corner lot
- Both units have private two‑car garages with epoxy floors
- One unit offers a primary suite with an en suite bathroom and tiled walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,047
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,940
$660.9K
Cap Rate 7%
$472,100
$472.1K
Cap Rate 9%
$367,189
$367.2K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$50.1K $21.60/SF
− Vacancy
−$2.9K −$1.25/SF
EGI
$47.2K $20.35/SF
− OpEx
−$14.2K −$6.10/SF
NOI
$33.0K $14.24/SF
Area
Yolo County, CA
Vacancy
5.79%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,940
Cap Rate 7%
$472,100
Cap Rate 9%
$367,189
Alternative Uses
Best Use
Multifamily LT 5
$472.1K
$413.1K – $550.8K
NOI $33,047 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$431.3K
$377.4K – $503.2K
NOI $30,194 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$626.0K
$547.8K – $730.3K
NOI $43,820 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
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Business Placement
Demographics for 95618, CA
27,472
Population
10,898
Households
2.5
Avg Household Size
33
Median Age
72%
College-Educated
95%
High-School Grad
32.1 sq mi
ZIP Area
856
Density / Sq Mi
$112,454
Median Household Income
$51,999
Median Earnings
$2,237
Median Rent
$839,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property on a corner lot with individual garages, covered patios, laundry areas, and storage rooms.
Where is this duplex located?
The property is located at 4935 Cowell Boulevard Davis, CA.
What is the asking price?
The asking price for this property is $1,098,000.
What are key features of this property?
This property features: 2,320‑square‑foot duplex on a corner lot; Both units have private two‑car garages with epoxy floors; One unit offers a primary suite with an en suite bathroom and tiled walk‑in shower
