10-Unit Multifamily
For Sale
$1,550,000
715-737 2nd Street, Eureka, CA 95501
Five houses combine a fourplex, two duplexes, and two single-family residences.
Property Size8,289 SF
Lot Size0.45 Acres
Price / SF$186.99
Days on Market26
Property Features for 715-737 2nd Street
General Information
Standard status
Active
Size
8,289 SF
Lot size
0.45 Acres
Property subtype
Residential Income / Multi Family
Additional Details
Multifamily Units
10
Amenities
Sidewalks
Building Details
Year Built
1889
Buildings
5
Listing Agency:
Benchmark Realty Group/SC
Listed By:
Stephanie Coffey · License #01960864
(707) 496-3230
Source:
Compass
Added: Oct 3
Changed: Oct 26
Last Checked: Oct 26 at 7:32PM
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 Benchmark Realty Group/SC
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Investment Insights
Based on property information with market context.
This Eureka multifamily property comprises five houses with 10 units: one fourplex, two duplexes, and two single-family homes. The buildings contain 8,289 square feet of living area on 0.45 acres, with construction dating to 1889. Sidewalks are among the listed exterior features. The property spans two APNs and includes seven street addresses.
The site offers views of the bay and is near Carson Mansion and the Old Town Gazebo. Bay trails, shopping, a Friday night market, a farmers market, and festivals are also identified in the surrounding area.
The site offers views of the bay and is near Carson Mansion and the Old Town Gazebo. Bay trails, shopping, a Friday night market, a farmers market, and festivals are also identified in the surrounding area.
Key Highlights
- 10 units across five houses: one fourplex, two duplexes, and two single‑family homes
- 8,289 square feet of living area on 0.45 acres
- Built in 1889
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,703
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,974,060
$2.0M
Cap Rate 7%
$1,410,043
$1.4M
Cap Rate 9%
$1,096,700
$1.1M
Market Conditions
NOI Build-Up for 8,289 SF
Gross rent
$193.0K $23.28/SF
− Vacancy
−$13.5K −$1.63/SF
EGI
$179.5K $21.65/SF
− OpEx
−$80.8K −$9.74/SF
NOI
$98.7K $11.91/SF
Area
Humboldt County, CA
Vacancy
7.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,974,060
Cap Rate 7%
$1,410,043
Cap Rate 9%
$1,096,700
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.23M – $1.65M
NOI $98,703 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$3.13M
$2.74M – $3.65M
NOI $219,120 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,849
Businesses Nearby
Explore this area
Business Placement
Demographics for 95501, CA
23,323
Population
10,577
Households
2.2
Avg Household Size
38
Median Age
34%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
3,195
Density / Sq Mi
$55,076
Median Household Income
$34,476
Median Earnings
$1,151
Median Rent
$389,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Five houses combine a fourplex, two duplexes, and two single-family residences.
Where is this multifamily property located?
The property is located at 715-737 2nd Street Eureka, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 10 units across five houses: one fourplex, two duplexes, and two single‑family homes; 8,289 square feet of living area on 0.45 acres; Built in 1889
