Two-Story 12-Unit Multifamily
For Sale
$2,495,000
674 Lincoln Ave, Napa, CA 94558
Twelve-unit multifamily asset with two mirrored two-story buildings, located along Lincoln between Silverado Trail and Soscol Ave.
Property Size9,414 SF
Days on Market48
Property Features for 674 Lincoln Ave
General Information
Standard status
Active
Size
9,414 SF
Property subtype
Investment
Additional Details
Multifamily Units
12
Building Details
Building Size
9,414 SF
Year Built
1966
Stories
2
Units
12
Listing Agency:
Coldwell Banker Brokers of the Valley St. Helena
Listed By:
Bill Keller Jr
(707) 337-6693
Source:
Elliman
Added: Jul 19
Changed: Sep 2
Last Checked: Sep 4 at 1:01PM
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 Brokers of the Valley St. Helena
Investment Insights
Based on property information with market context.
This for-sale multifamily property consists of 12 units arranged across two mirrored, two-story buildings. The asset is configured as a compact residential income offering within a transit-accessible corridor.
The buildings are located on Lincoln between Silverado Trail and Soscol Ave. Public remarks indicate walkability, bikeability, and transit access, with a BikeScore of 57, a WalkScore of 53, and a TransitScore of 29.
The property’s structure and unit count support an owner-operator or investor looking for a straightforward 12-unit residential income asset in a highly accessible area.
The buildings are located on Lincoln between Silverado Trail and Soscol Ave. Public remarks indicate walkability, bikeability, and transit access, with a BikeScore of 57, a WalkScore of 53, and a TransitScore of 29.
The property’s structure and unit count support an owner-operator or investor looking for a straightforward 12-unit residential income asset in a highly accessible area.
Key Highlights
- 12‑unit multifamily asset with two mirrored, two‑story buildings
- Year built: 1966
- Located along Lincoln between Silverado Trail and Soscol Ave
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
$150,199
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
6.02%
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%
$3,003,980
$3.0M
Cap Rate 7%
$2,145,700
$2.1M
Cap Rate 9%
$1,668,878
$1.7M
Market Conditions
NOI Build-Up for 9,414 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
$288.1K $30.60/SF
− Vacancy
−$15.0K −$1.59/SF
EGI
$273.1K $29.01/SF
− OpEx
−$122.9K −$13.05/SF
NOI
$150.2K $15.95/SF
Area
Napa County, CA
Vacancy
5.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
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%
$3,003,980
Cap Rate 7%
$2,145,700
Cap Rate 9%
$1,668,878
Alternative Uses
Best Use
Apartment 5plus
$2.15M
$1.88M – $2.50M
NOI $150,199 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$19.00M
$16.62M – $22.16M
NOI $1,329,791 @ 7.0% cap · market cap 53.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,438
Businesses Nearby
Explore this area
Business Placement
Demographics for 94558, CA
65,473
Population
27,402
Households
2.4
Avg Household Size
44
Median Age
38%
College-Educated
85%
High-School Grad
399.9 sq mi
ZIP Area
164
Density / Sq Mi
$109,444
Median Household Income
$51,955
Median Earnings
$2,248
Median Rent
$855,600
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?
Apartment building - Twelve-unit multifamily asset with two mirrored two-story buildings, located along Lincoln between Silverado Trail and Soscol Ave.
Where is this apartment building located?
The property is located at 674 Lincoln Ave Napa, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 12‑unit multifamily asset with two mirrored, two‑story buildings; Year built: 1966; Located along Lincoln between Silverado Trail and Soscol Ave
