Triplex with RV
For Sale
$850,000
734 Florida St, Vallejo, CA 94590
MULTI_FAMILY - Vallejo, CA
Property Size2,636 SF
Lot Size0.15 Acres
Price / SF$322.46
Days on Market164
Property Features for 734 Florida St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 7, Bedroom 6, Bathroom 6, Bathroom 8, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 7, Bathroom 1
Parking features
RV, Off Street
Window features
Window Coverings
Interior features
Storage
Exterior features
Back Yard, Front Yard, Low Maintenance
Fencing
Fenced
Appliances
Gas Water Heater
Subdivision
Vallejo Heights
Lot features
2 Houses / 1 Lot, Premium Lot, Front Yard, Landscaped
Standard status
Active
APN
0056135120
Size
2,636 SF
Lot size
0.15 Acres
Utilities
Utilities
Cable Available
Heating system
Wall Furnace
Building Details
Year built
1905
Number of units
3
Flooring type
Tile, Laminate
Building materials
Stucco
Roof type
Composition
Additional Structures
Storage
Listing Agency:
EXP Realty of California, Inc
(888) 584-9427
Listed By:
Ray J. Marquez · License #01800314
(925) 575-7605
Added: Feb 27
Changed: Aug 3
Last Checked: Aug 10 at 5:06PM
MLS# 41125480
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
734 Florida St in Vallejo is a triplex built in 1905, totaling 2,636 square feet on a 0.1455-acre lot. The property includes storage, laminate and tile flooring, stucco construction, and a composition roof. Heating is provided by wall furnace, and there is a gas water heater. Exterior features include front and back yards with low-maintenance landscaping, plus a fenced perimeter.
The unit mix consists of two well-sized 2BD/1BA units and one spacious 3BD/2BA unit (buyer to verify). Each unit has its own entrance. Parking includes off-street spaces and RV parking, along with an attached garage.
Conveniently located near downtown Vallejo and the Vallejo Ferry Terminal with service to San Francisco, the property is also positioned close to shopping, schools, major freeways, and public transportation. Cable is available, supporting everyday tenant connectivity.
The unit mix consists of two well-sized 2BD/1BA units and one spacious 3BD/2BA unit (buyer to verify). Each unit has its own entrance. Parking includes off-street spaces and RV parking, along with an attached garage.
Conveniently located near downtown Vallejo and the Vallejo Ferry Terminal with service to San Francisco, the property is also positioned close to shopping, schools, major freeways, and public transportation. Cable is available, supporting everyday tenant connectivity.
Key Highlights
- 2,636 SF triplex on a 0.1455‑acre lot with 1905 construction
- Two 2BD/1BA units plus one 3BD/2BA unit (buyer to verify)
- Each unit has its own entrance
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
$51,265
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
6.03%
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%
$1,025,300
$1.0M
Cap Rate 7%
$732,357
$732.4K
Cap Rate 9%
$569,611
$569.6K
Market Conditions
NOI Build-Up for 2,636 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
$77.5K $29.40/SF
− Vacancy
−$4.3K −$1.62/SF
EGI
$73.2K $27.78/SF
− OpEx
−$22.0K −$8.33/SF
NOI
$51.3K $19.45/SF
Area
Vallejo, CA
Vacancy
5.50%
Lease Rate
$29.40 /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%
$1,025,300
Cap Rate 7%
$732,357
Cap Rate 9%
$569,611
Alternative Uses
Best Use
Multifamily LT 5
$732.4K
$640.8K – $854.4K
NOI $51,265 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$657.8K
$575.6K – $767.4K
NOI $46,044 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,803 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,672
Businesses Nearby
Explore this area
Business Placement
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
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?
Triplex - Triplex featuring RV and off-street parking, an attached garage, and unit mix of two 2BD/1BA and one 3BD/2BA.
Where is this triplex located?
The property is located at 734 Florida St Vallejo, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,636 SF triplex on a 0.1455‑acre lot with 1905 construction; Two 2BD/1BA units plus one 3BD/2BA unit (buyer to verify); Each unit has its own entrance
