Two-Story Duplex with Strait
For Sale
$609,000
722-724 Edwards St, Crockett, CA 94525
Two residential units offer vintage character, private laundry rooms, storage, and access to landscaped outdoor space.
Property Size1,462 SF
Price / SF$416.55
Days on Market20
Property Features for 722-724 Edwards St
General Information
Standard status
Active
Size
1,462 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
washer/dryer
garden
patio
ceiling fans
decorative fireplaces
built-in cabinets
Building Details
Year Built
1916
Buildings
1
Stories
2
Listing Agency:
Coldwell Banker
(415) 531-5225
Listed By:
John Caronna · License #01898437
(415) 531-5225
Source:
Exitrealty
Added: Aug 13
Changed: Aug 30
Last Checked: Aug 31 at 6:08PM
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
Investment Insights
Based on property information with market context.
This two-story duplex at 722-724 Edwards St. was built in 1916 and includes two residential units with vintage wood flooring, built-in cabinetry, decorative fireplaces, and substantial storage. Both units have private laundry rooms, while the upper unit includes a roomy pantry, double-paned windows, and a stainless steel five-burner range. The property also features a private vintage carriage house, overflow parking access through a driveway easement, and a landscaped rear garden with a patio and multiple seating areas.
The property overlooks the Carquinez Strait and is near downtown Crockett, waterfront recreation, Crockett Hills Regional Park, and the Bay Area Ridge Trail. Interstate 80 is approximately 1 mile away, with drive times of 7 minutes to the Lucky’s and Safeway Center in Hercules, 9 minutes to Trader Joe’s in Pinole, 25 minutes to Berkeley, 30 minutes to Napa, and 36 minutes to San Francisco.
The property overlooks the Carquinez Strait and is near downtown Crockett, waterfront recreation, Crockett Hills Regional Park, and the Bay Area Ridge Trail. Interstate 80 is approximately 1 mile away, with drive times of 7 minutes to the Lucky’s and Safeway Center in Hercules, 9 minutes to Trader Joe’s in Pinole, 25 minutes to Berkeley, 30 minutes to Napa, and 36 minutes to San Francisco.
Key Highlights
- Two‑story duplex built in 1916
- Two units with private laundry rooms and ample storage
- Scenic views of the Carquinez Strait and bridge
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
$25,031
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
4.11%
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%
$500,620
$500.6K
Cap Rate 7%
$357,586
$357.6K
Cap Rate 9%
$278,122
$278.1K
Market Conditions
NOI Build-Up for 1,462 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
$37.7K $25.80/SF
− Vacancy
−$2.0K −$1.34/SF
EGI
$35.8K $24.46/SF
− OpEx
−$10.7K −$7.34/SF
NOI
$25.0K $17.12/SF
Area
Contra Costa County, CA
Vacancy
5.20%
Lease Rate
$25.80 /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%
$500,620
Cap Rate 7%
$357,586
Cap Rate 9%
$278,122
Alternative Uses
Best Use
Multifamily LT 5
$357.6K
$312.9K – $417.2K
NOI $25,031 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$332.0K
$290.5K – $387.4K
NOI $23,241 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$552.6K
$483.6K – $644.8K
NOI $38,685 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 94525, CA
3,288
Population
1,837
Households
1.8
Avg Household Size
47
Median Age
35%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
1,315
Density / Sq Mi
$101,850
Median Household Income
$65,337
Median Earnings
$2,186
Median Rent
$709,000
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 residential units offer vintage character, private laundry rooms, storage, and access to landscaped outdoor space.
Where is this duplex located?
The property is located at 722-724 Edwards St Crockett, CA.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: Two‑story duplex built in 1916; Two units with private laundry rooms and ample storage; Scenic views of the Carquinez Strait and bridge
