Duplex with Private
For Sale
$540,000
515 Grant St, Vallejo, CA 94590
Two separate residences each offer a two-bedroom, one-bath layout and dedicated outdoor space.
Property Size1,452 SF
Price / SF$371.90
Days on Market95
Property Features for 515 Grant St
General Information
Standard status
Active
Size
1,452 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
2
Amenities
private backyard
Building Details
Year Built
1942
Buildings
1
Listing Agency:
LeBon Real Estate Inc.
(510) 381-1497
Listed By:
Bon Nguyen · License #01402188
(510) 381-1497
Source:
Exitrealty
Added: May 29
Changed: Aug 30
Last Checked: Aug 31 at 1:42PM
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 LeBon Real Estate Inc.
Investment Insights
Based on property information with market context.
This duplex contains two separate units, each configured with two bedrooms and one bathroom. Both residences include a private backyard and front parking area with room for two cars per unit. The right-hand unit has new flooring and interior paint.
Built in 1942, the property provides 1,452 square feet of residential space at 515 Grant St in Vallejo, California. The two-unit layout offers distinct living areas and outdoor space for each residence.
Built in 1942, the property provides 1,452 square feet of residential space at 515 Grant St in Vallejo, California. The two-unit layout offers distinct living areas and outdoor space for each residence.
Key Highlights
- Two‑unit duplex with 1,452 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Private backyard provided for each unit
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
$28,239
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
5.23%
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%
$564,780
$564.8K
Cap Rate 7%
$403,414
$403.4K
Cap Rate 9%
$313,767
$313.8K
Market Conditions
NOI Build-Up for 1,452 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
$42.7K $29.40/SF
− Vacancy
−$2.3K −$1.62/SF
EGI
$40.3K $27.78/SF
− OpEx
−$12.1K −$8.33/SF
NOI
$28.2K $19.45/SF
Area
Vallejo, CA
Vacancy
5.50%
Lease Rate
$29.40 /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%
$564,780
Cap Rate 7%
$403,414
Cap Rate 9%
$313,767
Alternative Uses
Best Use
Multifamily LT 5
$403.4K
$353.0K – $470.7K
NOI $28,239 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$362.3K
$317.0K – $422.7K
NOI $25,363 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$706.7K
$618.3K – $824.5K
NOI $49,467 @ 7.0% cap · market cap 9.16%
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
350
Businesses Nearby
Explore this area
Business Placement
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each offer a two-bedroom, one-bath layout and dedicated outdoor space.
Where is this duplex located?
The property is located at 515 Grant St Vallejo, CA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,452 square feet; Each unit includes 2 bedrooms and 1 bathroom; Private backyard provided for each unit
