Duplex Residential Income
637 N Grant Street Stockton, CA 95202
For Sale
$299,000
Duplex with a main-level 3-bedroom unit and a studio 1-bedroom unit, subject to a new roof.
Property Size1,389 SF
Price / SF$215.26
Days on Market8
Property Features for 637 N Grant Street
General Information
- Standard status
- Active
- Size
- 1,389 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1905
Listing Agency:
PMZ Real Estate
(209) 200-3359
Listed By:
Sara L. Okazaki · License #01448964
(209) 200-3359
Source:
Exitrealty
Added: Jul 17
Changed: Jul 23
Last Checked: Jul 23 at 12:34PM
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 PMZ Real Estate
Investment Insights
Based on property information with market context.
This duplex residential income property includes two separate units: one main-level unit with 3 bedrooms and 1 bathroom, and an additional studio-style unit with 1 bedroom and 1 bathroom. The property needs a new roof.
The asset is located at 637 N Grant Street, Stockton, CA 95202.
Given the current roof condition, prospective buyers should plan for exterior replacement as part of their pre-closing scope.
The asset is located at 637 N Grant Street, Stockton, CA 95202.
Given the current roof condition, prospective buyers should plan for exterior replacement as part of their pre-closing scope.
Key Highlights
- Duplex built in 1905
- Main‑level unit: 3 bedrooms and 1 bathroom
- Second unit: studio with 1 bedroom and 1 bathroom
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 | $30.0k | $21.60 |
| − Vacancy | −$2.2k | −$1.60 |
| EGI | $27.8k | $20.00 |
| − OpEx | −$8.3k | −$6.00 |
| NOI | $19.4k | $14.00 |
1,389 SF · lease $21.60/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$277.8K
$243.1K – $324.1K
NOI $19,445 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$241.5K
$211.3K – $281.8K
NOI $16,905 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$375.6K
$328.7K – $438.2K
NOI $26,293 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with a main-level 3-bedroom unit and a studio 1-bedroom unit, subject to a new roof.
Where is this duplex located?
The property is located at 637 N Grant Street Stockton, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Duplex built in 1905; Main‑level unit: 3 bedrooms and 1 bathroom; Second unit: studio with 1 bedroom and 1 bathroom
