Cash-Flowing Duplex
6215 Morgan Pl Stockton, CA 95219
6215 Morgan Pl, Stockton, CA, 95219
$549,999
For Sale
$549,999
Duplex built in 1973 with two 2-bedroom, 1-bath units, each with a garage and private backyard space.
Property Size2,022 SF
Price / SF$272.01
Days on Market125
Property Features for 6215 Morgan Pl
General Information
- Standard status
- Active
- Size
- 2,022 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1973
Listing agency
MOSO Real Estate
(714) 386-0357
Listed by
Scott Nguyen · License #01824904
(714) 386-0357
Source
Exitrealty
Added: Mar 19 Updated: Jul 21 at 1:23AM Checked: Jul 21 at 4:14AM
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 MOSO Real Estate
Investment Insights
Based on property information with market context.
This turnkey duplex investment property includes two separate 2-bedroom, 1-bath units. Each unit features its own garage and private backyard space, with functional layouts that include in-unit laundry hookups and open living areas.
The property is fully occupied. Built in 1973, it sits on a lot in the Lincoln Village West area of Stockton, described as convenient to schools, shopping, and major commute routes.
The duplex is positioned as a long-term rental option with both units currently occupied, offering an owner the opportunity to add to an existing portfolio.
The property is fully occupied. Built in 1973, it sits on a lot in the Lincoln Village West area of Stockton, described as convenient to schools, shopping, and major commute routes.
The duplex is positioned as a long-term rental option with both units currently occupied, offering an owner the opportunity to add to an existing portfolio.
Key Highlights
- Duplex built in 1973 with two 2‑bedroom, 1‑bath units
- Each unit includes its own garage and private backyard space
- In‑unit laundry hookups for both units
Local Financial Insights For Multifamily LT 5
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 | $43.7k | $21.60 |
| − Vacancy | −$3.2k | −$1.60 |
| EGI | $40.4k | $20.00 |
| − OpEx | −$12.1k | −$6.00 |
| NOI | $28.3k | $14.00 |
2,022 SF · lease $21.60/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$404.4K
$353.8K – $471.8K
NOI $28,307 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$351.6K
$307.6K – $410.2K
NOI $24,609 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$546.8K
$478.5K – $637.9K
NOI $38,276 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex built in 1973 with two 2-bedroom, 1-bath units, each with a garage and private backyard space.
Where is this duplex located?
The property is located at 6215 Morgan Pl Stockton, CA.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: Duplex built in 1973 with two 2‑bedroom, 1‑bath units; Each unit includes its own garage and private backyard space; In‑unit laundry hookups for both units
