Updated Triplex with
For Sale
$2,198,000
6242 Montcalm Ave, Newark, CA 94560
Three separate residences provide flexible living arrangements with dedicated entrances and utility configurations.
Property Size2,344 SF
Days on Market51
Property Features for 6242 Montcalm Ave
General Information
Standard status
Active
Size
2,344 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Units
Unit Mix
1 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units
3
Amenities
sprinkler system
solar-heated pool
solar energy system
Building Details
Building Size
2,344 SF
Year Built
1962
Buildings
2
Listing Agency:
Coldwell Banker Realty
(888) 850-7545
Listed By:
Brooke Crossland
(888) 850-7545
Source:
Brucebaldwin
Added: Jul 13
Changed: Aug 31
Last Checked: Aug 4 at 12:13PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1962, this updated triplex combines a primary residence with two accessory dwelling spaces. The main home includes 3 bedrooms, 2 bathrooms, and an attached two-car garage. An attached junior ADU adds 1 bedroom, 1 bathroom, a kitchen, a private entry, and direct access to the main residence. The separate ADU provides another 1-bedroom, 1-bathroom layout with a full kitchen, living room, private entrance, and independent utility meters.
Outdoor improvements include a solar-heated pool, new lawn areas, mature palm trees, and a newly installed sprinkler system. The backyard also includes a patio and yard area designated for separate ADU use. Solar service extends to the main house and junior ADU, while the detached ADU has separate electric and gas meters. The property is located at 6242 Montcalm Ave, Newark, CA 94560.
Outdoor improvements include a solar-heated pool, new lawn areas, mature palm trees, and a newly installed sprinkler system. The backyard also includes a patio and yard area designated for separate ADU use. Solar service extends to the main house and junior ADU, while the detached ADU has separate electric and gas meters. The property is located at 6242 Montcalm Ave, Newark, CA 94560.
Key Highlights
- Three living spaces: a 3‑bedroom main home, 1‑bedroom junior ADU, and separate 1‑bedroom ADU
- Main residence includes 2 bathrooms and an attached two‑car garage
- Detached ADU has a full kitchen, living room, private entrance, and separate utility meters
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
$78,677
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
3.58%
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%
$1,573,540
$1.6M
Cap Rate 7%
$1,123,957
$1.1M
Cap Rate 9%
$874,189
$874.2K
Market Conditions
NOI Build-Up for 2,344 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
$119.5K $51.00/SF
− Vacancy
−$7.1K −$3.05/SF
EGI
$112.4K $47.95/SF
− OpEx
−$33.7K −$14.39/SF
NOI
$78.7K $33.57/SF
Area
Alameda County, CA
Vacancy
5.98%
Lease Rate
$51.00 /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%
$1,573,540
Cap Rate 7%
$1,123,957
Cap Rate 9%
$874,189
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$983.5K – $1.31M
NOI $78,677 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$485.1K
$424.4K – $565.9K
NOI $33,955 @ 7.0% cap · market cap 1.54%
Theoretical Best
Retail
$10.69M
$9.35M – $12.47M
NOI $748,033 @ 7.0% cap · market cap 34.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Explore this area
Business Placement
Demographics for 94560, CA
47,533
Population
15,897
Households
3
Avg Household Size
37
Median Age
47%
College-Educated
90%
High-School Grad
20.1 sq mi
ZIP Area
2,365
Density / Sq Mi
$164,909
Median Household Income
$73,859
Median Earnings
$2,730
Median Rent
$1,094,200
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?
Triplex - Three separate residences provide flexible living arrangements with dedicated entrances and utility configurations.
Where is this triplex located?
The property is located at 6242 Montcalm Ave Newark, CA.
What is the asking price?
The asking price for this property is $2,198,000.
What are key features of this property?
This property features: Three living spaces: a 3‑bedroom main home, 1‑bedroom junior ADU, and separate 1‑bedroom ADU; Main residence includes 2 bathrooms and an attached two‑car garage; Detached ADU has a full kitchen, living room, private entrance, and separate utility meters
