Duplex with Vacant and Leased
For Sale
$958,000
609 Indiana Street, Vallejo, CA 94590
Two-unit duplex sold as-is, with one vacant unit and one leased unit, built in 1900.
Days on Market124
Property Features for 609 Indiana Street
General Information
Standard status
Active
Property subtype
Mixed Use
Building Details
Building Size
3,983 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
Century 21 Masters
(415) 517-2828
Listed By:
Sunny S Lau · License #01348288
Source:
Bonniespindler
Added: Mar 31
Changed: Jul 29
Last Checked: Jul 31 at 11:22AM
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 Century 21 Masters
Investment Insights
Based on property information with market context.
This duplex at 609 Indiana Street is being sold in “AS-IS” condition and includes two units, with one unit vacant and one unit leased. The building was constructed in 1900.
The property is described as having separate water metering for residential units and for commercial units, with one water meter serving the residential units and one water meter serving the commercial units. This setup may be helpful for determining utilities responsibility between the different metered portions of the property as it exists today.
The offering reflects a two-unit income configuration with mixed occupancy status, designed for an owner-operator or investor who can evaluate the space and operating needs of the vacant unit while maintaining the leased unit in place at close.
The property is described as having separate water metering for residential units and for commercial units, with one water meter serving the residential units and one water meter serving the commercial units. This setup may be helpful for determining utilities responsibility between the different metered portions of the property as it exists today.
The offering reflects a two-unit income configuration with mixed occupancy status, designed for an owner-operator or investor who can evaluate the space and operating needs of the vacant unit while maintaining the leased unit in place at close.
Key Highlights
- Two‑unit duplex sold AS‑IS
- One unit vacant and one unit leased
- Year built 1900
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.3k | $39.00 |
| − Vacancy | −$15.2k | −$3.82 |
| EGI | $140.1k | $35.18 |
| − OpEx | −$52.5k | −$13.19 |
| NOI | $87.6k | $21.99 |
3,983 SF · lease $39.00/SF/yr · vacancy 9.80% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.25M
$1.09M – $1.46M
NOI $87,571 @ 7.0% cap · market cap 9.14%
Second Best
Multifamily LT 5
$1.11M
$968.3K – $1.29M
NOI $77,462 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,693 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
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 sold as-is, with one vacant unit and one leased unit, built in 1900.
Where is this duplex located?
The property is located at 609 Indiana Street Vallejo, CA.
What is the asking price?
The asking price for this property is $958,000.
What are key features of this property?
This property features: Two‑unit duplex sold AS‑IS; One unit vacant and one unit leased; Year built 1900
