Two-Unit Duplex Needing
For Sale
$440,000
505 W 9Th St, Tracy, CA 95376
Two residences offer distinct bedroom-and-bath layouts near downtown dining and shopping.
Property Size1,528 SF
Price / SF$287.96
Days on Market59
Property Features for 505 W 9Th St
General Information
Standard status
Active
Size
1,528 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
need some remodeling
Units
Unit Mix
2BR/1BA, 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1946
Listing Agency:
Livermore Valley RealEstate
(209) 914-4693
Listed By:
David Gonzales · License #01753596
(209) 914-4693
Source:
Exitrealty
Added: Jul 3
Changed: Aug 30
Last Checked: Aug 30 at 2:30AM
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 Livermore Valley RealEstate
Investment Insights
Based on property information with market context.
This 1,528-square-foot duplex, built in 1946, contains two separate residences. The larger unit includes two bedrooms and one bathroom, while the second offers one bedroom and one bathroom. The property requires remodeling and is being sold in its present condition.
Located in downtown Tracy, the duplex is minutes from restaurants and shopping. The existing unit configuration provides a clear starting point for future rental use, subject to the work needed to update the homes.
Located in downtown Tracy, the duplex is minutes from restaurants and shopping. The existing unit configuration provides a clear starting point for future rental use, subject to the work needed to update the homes.
Key Highlights
- Two‑unit duplex totaling 1,528 square feet
- Unit one includes 2 bedrooms and 1 bath
- Unit two includes 1 bedroom and 1 bath
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
$20,225
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
4.60%
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%
$404,500
$404.5K
Cap Rate 7%
$288,929
$288.9K
Cap Rate 9%
$224,722
$224.7K
Market Conditions
NOI Build-Up for 1,528 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
$30.3K $19.80/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$28.9K $18.91/SF
− OpEx
−$8.7K −$5.67/SF
NOI
$20.2K $13.24/SF
Area
San Joaquin County, CA
Vacancy
4.50%
Lease Rate
$19.80 /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%
$404,500
Cap Rate 7%
$288,929
Cap Rate 9%
$224,722
Alternative Uses
Best Use
Multifamily LT 5
$288.9K
$252.8K – $337.1K
NOI $20,225 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$268.3K
$234.8K – $313.0K
NOI $18,782 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$335.5K
$293.6K – $391.5K
NOI $23,488 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,069
Businesses Nearby
Explore this area
Business Placement
Demographics for 95376, CA
53,781
Population
17,270
Households
3.1
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
7.6 sq mi
ZIP Area
7,076
Density / Sq Mi
$103,493
Median Household Income
$49,078
Median Earnings
$2,023
Median Rent
$588,200
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?
Duplex - Two residences offer distinct bedroom-and-bath layouts near downtown dining and shopping.
Where is this duplex located?
The property is located at 505 W 9Th St Tracy, CA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,528 square feet; Unit one includes 2 bedrooms and 1 bath; Unit two includes 1 bedroom and 1 bath
