Two-Home Multifamily
For Sale
$549,000
530 Indiana St, Vallejo, CA 94590
Separate residences share one lot, with flexible lower-level space and multiple garage improvements.
Property Size1,905 SF
Price / SF$288.19
Days on Market17
Property Features for 530 Indiana St
General Information
Standard status
Active
Size
1,905 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Buildings
2
Listing Agency:
The Company Real Estate
(707) 373-5740
Listed By:
Shelley Tappin · License #01511617
7046345
Source:
Exprealty
Added: Sep 15
Changed: Sep 23
Last Checked: Sep 30 at 6:40PM
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 The Company Real Estate
Investment Insights
Based on property information with market context.
This 1,905-square-foot multifamily property includes two separate residences on one lot. The front home offers 3 bedrooms, 1 bathroom, a living room, dining area, kitchen with breakfast nook, and basement space. Its lower level includes a kitchenette and bathroom, creating an additional living arrangement. A two-car tandem garage serves the front residence.
The rear home provides 1 bedroom and 1 bathroom, along with a detached garage reached from the alley. The property is located on Indiana St in Vallejo, near shopping, transportation, downtown restaurants, a weekly farmers market, waterfront festivals, and the SF Bay Ferry terminal.
The rear home provides 1 bedroom and 1 bathroom, along with a detached garage reached from the alley. The property is located on Indiana St in Vallejo, near shopping, transportation, downtown restaurants, a weekly farmers market, waterfront festivals, and the SF Bay Ferry terminal.
Key Highlights
- Two residences on one lot in Vallejo
- 1,905‑square‑foot multifamily property
- Front home includes 3 bedrooms, 1 bathroom, basement space, and a two‑car tandem garage
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
$33,275
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
6.06%
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%
$665,500
$665.5K
Cap Rate 7%
$475,357
$475.4K
Cap Rate 9%
$369,722
$369.7K
Market Conditions
NOI Build-Up for 1,905 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
$63.6K $33.36/SF
− Vacancy
−$3.1K −$1.60/SF
EGI
$60.5K $31.76/SF
− OpEx
−$27.2K −$14.29/SF
NOI
$33.3K $17.47/SF
Area
Vallejo, CA
Vacancy
4.80%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
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%
$665,500
Cap Rate 7%
$475,357
Cap Rate 9%
$369,722
Alternative Uses
Best Use
Apartment 5plus
$475.4K
$415.9K – $554.6K
NOI $33,275 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$927.1K
$811.3K – $1.08M
NOI $64,900 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,290
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
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - Separate residences share one lot, with flexible lower-level space and multiple garage improvements.
Where is this multifamily property located?
The property is located at 530 Indiana St Vallejo, CA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two residences on one lot in Vallejo; 1,905‑square‑foot multifamily property; Front home includes 3 bedrooms, 1 bathroom, basement space, and a two‑car tandem garage
