Duplex With Two Separate
For Sale
$440,000
Pending
505 W 9Th St, Tracy, CA 95376
MULTI_FAMILY - Tracy, CA
Property Size1,528 SF
Lot Size0.11 Acres
Days on Market47
Property Features for 505 W 9Th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
duplex
Bedrooms
3
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Parking features
Parking Lot
Exterior features
Front Yard
Subdivision
Not Listed
Lot features
Corner Lot, Level
Elementary school district
Tracy Elementary
High school district
Tracy Joint Union High
Directions
Take 11th street to West 9th street..
Standard status
Pending
APN
235024080000
Size
1,528 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1946
Number of units
2
Flooring type
Linoleum, Wood
Building materials
Stucco, Frame
Roof type
Tar/Gravel
Listing Agency:
Livermore Valley RealEstate
(925) 250-5757
Listed By:
David Gonzales
(209) 914-4693
Added: Jun 26
Changed: Aug 2
Last Checked: Aug 11 at 4:06PM
MLS# 41139860
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex offers two separate units. The first unit includes two bedrooms and one bath, while the second unit includes one bedroom and one bath, with potential to reconfigure for a two-bedroom layout. The property is being sold as-is, with remodeling needed to maximize its rental potential.
The duplex sits on a 0.1148-acre lot and was built in 1946. Interior finishes include linoleum and wood flooring, with window or wall/window unit cooling. Exterior features include a front yard, and parking is available via a parking lot. The structure is described as stucco and frame construction, with a tar/gravel roof.
Utilities services include public water and public sewer, supporting straightforward day-to-day operations for a residential rental property.
The duplex sits on a 0.1148-acre lot and was built in 1946. Interior finishes include linoleum and wood flooring, with window or wall/window unit cooling. Exterior features include a front yard, and parking is available via a parking lot. The structure is described as stucco and frame construction, with a tar/gravel roof.
Utilities services include public water and public sewer, supporting straightforward day-to-day operations for a residential rental property.
Key Highlights
- Two‑unit duplex: unit mix of 2 bed / 1 bath and 1 bed / 1 bath, with potential to make the second unit 2 bedrooms
- Built in 1946 on a 0.1148‑acre lot
- 1528 square feet total property size
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,098
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-unit duplex with remodeling needs, sold as-is, featuring front yard, parking lot, and public water and sewer.
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: unit mix of 2 bed / 1 bath and 1 bed / 1 bath, with potential to make the second unit 2 bedrooms; Built in 1946 on a 0.1148‑acre lot; 1528 square feet total property size
