Renovated Duplex with
New
For Sale
$550,000
7212 Kelley Drive, Stockton, CA 95207
Two updated residences feature private patios, vaulted ceilings, fireplaces, and attached garages.
Property Size2,290 SF
Price / SF$240.17
Days on Market3
Property Features for 7212 Kelley Drive
General Information
Standard status
Active
Size
2,290 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Gross Income
$46,800
Amenities
private patio
vaulted ceilings
fireplace
Building Details
Year Built
1977
Listing Agency:
PMZ Real Estate
(209) 761-1395
Listed By:
Jaskaran S. Kandola · License #01978118
(209) 761-1395
Source:
Exitrealty
Added: Aug 12
Changed: Aug 14
Last Checked: Aug 14 at 6:01AM
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, built in 1977, contains two three-bedroom, two-bath residences. Each unit includes an attached two-car garage, private patio, vaulted ceilings, and a fireplace. Recent improvements include flooring, interior paint and texture, baseboards, remodeled kitchens and bathrooms, dual-pane windows, and new siding. The property is fully occupied and situated within the Lincoln Unified School District.
Located near shopping, dining, parks, and commuter routes, the property combines a two-unit residential configuration with substantial updates and individual garage parking. The layout and improvements provide a clear profile for buyers seeking a renovated duplex in Stockton.
Located near shopping, dining, parks, and commuter routes, the property combines a two-unit residential configuration with substantial updates and individual garage parking. The layout and improvements provide a clear profile for buyers seeking a renovated duplex in Stockton.
Key Highlights
- Two 3‑bedroom, 2‑bath units
- Each unit includes an attached 2‑car garage and private patio
- Recent remodeling includes kitchens, bathrooms, flooring, paint, and baseboards
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
$33,736
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
6.13%
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%
$674,720
$674.7K
Cap Rate 7%
$481,943
$481.9K
Cap Rate 9%
$374,844
$374.8K
Market Conditions
NOI Build-Up for 2,290 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
$50.8K $22.20/SF
− Vacancy
−$2.6K −$1.15/SF
EGI
$48.2K $21.05/SF
− OpEx
−$14.5K −$6.31/SF
NOI
$33.7K $14.73/SF
Area
ZIP 95207
Vacancy
5.20%
Lease Rate
$22.20 /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%
$674,720
Cap Rate 7%
$481,943
Cap Rate 9%
$374,844
Alternative Uses
Best Use
Multifamily LT 5
$481.9K
$421.7K – $562.3K
NOI $33,736 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$442.8K
$387.4K – $516.6K
NOI $30,994 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$760.0K
$665.0K – $886.7K
NOI $53,201 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 95207, CA
52,465
Population
20,300
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
7,287
Density / Sq Mi
$68,767
Median Household Income
$38,463
Median Earnings
$1,549
Median Rent
$409,000
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?
Duplex - Two updated residences feature private patios, vaulted ceilings, fireplaces, and attached garages.
Where is this duplex located?
The property is located at 7212 Kelley Drive Stockton, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath units; Each unit includes an attached 2‑car garage and private patio; Recent remodeling includes kitchens, bathrooms, flooring, paint, and baseboards
