Duplex With Covered
For Sale
Under Contract
$650,000
620 Capitol Street, Vallejo, CA 94590
Residential Income, Vallejo, CA
Property Size2,244 SF
Lot Size0.12 Acres
Price / SF$289.66
Days on Market48
Property Features for 620 Capitol Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2
Parking features
Off Street, Carport, Covered
Lot features
Landscape Front, Sidewalk
Directions
Head south on I-80 W / Take exit 31A toward Solano Ave/Springs Rd / Turn left onto Solano Ave / Slight right onto Florida St / Turn left onto Sutter St / Turn right onto Capitol St / Destination will be on the right
Subdivision
Vallejo 4
Standard status
Active Under Contract
APN
0056165200
Size
2,244 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Water source
Public
Amenities
washer/dryer
car port
back yard
deck
Building Details
Year built
1986
Number of units
2
Listing Agency:
Twin Oaks Real Estate INC
(707) 746-8700
Listed By:
Krystle F Karimian · License #01715705
(707) 342-2290
Added: Jul 17
Changed: Aug 19
Last Checked: Sep 2 at 8:06AM
MLS# 326054413
Copyright © 2026 Bay Area Real Estate Information Services, Inc. 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 2,244-square-foot duplex includes two residences, each with its own washer and dryer. The property provides covered carport parking accessed from the alley, along with backyard space and a deck. One unit will be delivered vacant, offering flexibility for an owner-occupant. Central heating serves the building, with public water and public sewer connected.
Built in 1986, the property occupies 0.12 acres at 620 Capitol Street in Vallejo’s Heritage District. It is located a few blocks from the waterfront, Farmers Market, restaurants, breweries, and downtown amenities. Off-street parking is also available.
Built in 1986, the property occupies 0.12 acres at 620 Capitol Street in Vallejo’s Heritage District. It is located a few blocks from the waterfront, Farmers Market, restaurants, breweries, and downtown amenities. Off-street parking is also available.
Key Highlights
- 2,244‑square‑foot duplex on a 0.12‑acre lot
- One unit will be delivered vacant
- Separate washer and dryer in 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
$43,642
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
6.71%
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%
$872,840
$872.8K
Cap Rate 7%
$623,457
$623.5K
Cap Rate 9%
$484,911
$484.9K
Market Conditions
NOI Build-Up for 2,244 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
$66.0K $29.40/SF
− Vacancy
−$3.6K −$1.62/SF
EGI
$62.3K $27.78/SF
− OpEx
−$18.7K −$8.33/SF
NOI
$43.6K $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%
$872,840
Cap Rate 7%
$623,457
Cap Rate 9%
$484,911
Alternative Uses
Best Use
Multifamily LT 5
$623.5K
$545.5K – $727.4K
NOI $43,642 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$560.0K
$490.0K – $653.3K
NOI $39,197 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$1.09M
$955.6K – $1.27M
NOI $76,449 @ 7.0% cap · market cap 11.76%
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
1,793
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 property with separate laundry, outdoor areas, and one residence delivered vacant.
Where is this duplex located?
The property is located at 620 Capitol Street Vallejo, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,244‑square‑foot duplex on a 0.12‑acre lot; One unit will be delivered vacant; Separate washer and dryer in each unit
