Tenant-Occupied Triplex with
For Sale
$445,000
713 S Main St, Willits, CA 95490
Triplex includes a studio plus two-bedroom units, with two dedicated parking spaces and tenant occupancy for immediate income.
Property Size1,650 SF
Days on Market94
Property Features for 713 S Main St
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Investment
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Building Size
1,650 SF
Units
3
Tenancy
Multi
Listing Agency:
RE/MAX Gold Selzer Realty & Associates
Listed By:
Karena Jolley · License #01482063
(707) 354-2999
Source:
Elliman
Added: Jul 12
Changed: Oct 3
Last Checked: Oct 12 at 8:10PM
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 RE/MAX Gold Selzer Realty & Associates
Investment Insights
Based on property information with market context.
This triplex offers three income-producing units, consisting of one studio and two additional two-bedroom units. The larger units include a 2-bedroom, 2-bath configuration and a 2-bedroom, 1-bath configuration. All three units are currently tenant-occupied.
Two of the units include dedicated parking spaces, and the property also provides access to landscaped garden areas. The location is described as downtown Willits with convenient access to shopping, restaurants, and everyday services.
As presented, the property supports flexible ownership, including the option for an owner-occupant to live in one unit while collecting rent from the others. Seller financing is available depending on qualification and terms.
Two of the units include dedicated parking spaces, and the property also provides access to landscaped garden areas. The location is described as downtown Willits with convenient access to shopping, restaurants, and everyday services.
As presented, the property supports flexible ownership, including the option for an owner-occupant to live in one unit while collecting rent from the others. Seller financing is available depending on qualification and terms.
Key Highlights
- Triplex with 3 income‑producing units: 1 studio, 1 two‑bedroom/2‑bath, and 1 two‑bedroom/1‑bath
- All three units are currently tenant‑occupied for immediate rental income
- Two units include dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,258
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,160
$305.2K
Cap Rate 7%
$217,971
$218.0K
Cap Rate 9%
$169,533
$169.5K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$22.8K $13.80/SF
− Vacancy
−$972 −$0.59/SF
EGI
$21.8K $13.21/SF
− OpEx
−$6.5K −$3.96/SF
NOI
$15.3K $9.25/SF
Area
Mendocino County, CA
Vacancy
4.27%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,160
Cap Rate 7%
$217,971
Cap Rate 9%
$169,533
Alternative Uses
Best Use
Multifamily LT 5
$218.0K
$190.7K – $254.3K
NOI $15,258 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$200.6K
$175.5K – $234.0K
NOI $14,040 @ 7.0% cap · market cap 3.16%
Theoretical Best
Flex RnD
$616.9K
$539.8K – $719.7K
NOI $43,181 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Explore this area
Business Placement
Demographics for 95490, CA
14,227
Population
6,077
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
89%
High-School Grad
430.1 sq mi
ZIP Area
33
Density / Sq Mi
$67,069
Median Household Income
$44,362
Median Earnings
$1,243
Median Rent
$383,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex includes a studio plus two-bedroom units, with two dedicated parking spaces and tenant occupancy for immediate income.
Where is this triplex located?
The property is located at 713 S Main St Willits, CA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Triplex with 3 income‑producing units: 1 studio, 1 two‑bedroom/2‑bath, and 1 two‑bedroom/1‑bath; All three units are currently tenant‑occupied for immediate rental income; Two units include dedicated parking spaces
