Duplex with Garage
For Sale
$619,900
624 Atlantic St, Roseville, CA 95678
Two residential units include a main house and an apartment positioned above the garage.
Property Size2,348 SF
Price / SF$264.01
Days on Market72
Property Features for 624 Atlantic St
General Information
Standard status
Active
Size
2,348 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Listing Agency:
eXp Realty of California Inc
(916) 223-6113
Listed By:
John T. Kellogg · License #01444843
(916) 223-6113
Source:
Exprealty
Added: Jun 21
Changed: Aug 31
Last Checked: Aug 31 at 6:23PM
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 eXp Realty of California Inc
Investment Insights
Based on property information with market context.
This duplex includes a 1,761-square-foot main house with three bedrooms, an office, a large loft, and 1.5 baths. The loft provides additional interior space and could be converted into a primary suite; the upper level also has room for a second bathroom. The second residence is a 576-square-foot apartment above the garage with two bedrooms, one full bath, a kitchen, and a living room.
Recent improvements include a replaced roof on the upper story, fresh interior paint, new carpet, and a new bathroom vanity. The property is located near shopping and restaurants, with convenient freeway access. Its two-unit configuration provides separate residential spaces within one property.
Recent improvements include a replaced roof on the upper story, fresh interior paint, new carpet, and a new bathroom vanity. The property is located near shopping and restaurants, with convenient freeway access. Its two-unit configuration provides separate residential spaces within one property.
Key Highlights
- 1,761‑square‑foot main house with 3 bedrooms, office, loft, and 1.5 baths
- 576‑square‑foot apartment above the garage with 2 bedrooms and 1 full bath
- Apartment includes a kitchen and living room
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
$38,727
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
6.25%
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%
$774,540
$774.5K
Cap Rate 7%
$553,243
$553.2K
Cap Rate 9%
$430,300
$430.3K
Market Conditions
NOI Build-Up for 2,348 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
$59.2K $25.20/SF
− Vacancy
−$3.8K −$1.64/SF
EGI
$55.3K $23.56/SF
− OpEx
−$16.6K −$7.07/SF
NOI
$38.7K $16.49/SF
Area
Roseville, CA
Vacancy
6.50%
Lease Rate
$25.20 /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%
$774,540
Cap Rate 7%
$553,243
Cap Rate 9%
$430,300
Alternative Uses
Best Use
Multifamily LT 5
$553.2K
$484.1K – $645.5K
NOI $38,727 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$500.5K
$437.9K – $583.9K
NOI $35,035 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$646.2K
$565.5K – $754.0K
NOI $45,237 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
Explore this area
Business Placement
Demographics for 95678, CA
45,136
Population
18,594
Households
2.4
Avg Household Size
37
Median Age
39%
College-Educated
93%
High-School Grad
11.4 sq mi
ZIP Area
3,959
Density / Sq Mi
$104,704
Median Household Income
$53,807
Median Earnings
$2,118
Median Rent
$534,700
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 residential units include a main house and an apartment positioned above the garage.
Where is this duplex located?
The property is located at 624 Atlantic St Roseville, CA.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: 1,761‑square‑foot main house with 3 bedrooms, office, loft, and 1.5 baths; 576‑square‑foot apartment above the garage with 2 bedrooms and 1 full bath; Apartment includes a kitchen and living room
