Arcata Multi-Family Income
For Sale
$725,000
757 Park Avenue, Arcata, CA 95521
Multi-Family, Arcata, CA
Property Size2,056 SF
Lot Size0.22 Acres
Price / SF$352.63
Days on Market132
Property Features for 757 Park Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Lot features
City Lights View, Woods View
View
City
Elementary school
Arcata
High school
Arcata
Elementary school district
Arcata
Middle school district
Arcata
High school district
Arcata
Directions
Fickle Hill road to Park Ave.
Subdivision
North Bay
Standard status
Active
Size
2,056 SF
Lot size
0.22 Acres
Utilities
Sewer type
Public Sewer
Building Details
Year built
2007
Floors in Building
2
Number of units
5
Roof type
Shingle
Architectural style
Other
Listing Agency:
Community Realty-Arcata
(707) 269-2400
Listed By:
Tim Lorenzo · License #01769910
(707) 498-4100
Added: Apr 13
Changed: Aug 19
Last Checked: Aug 22 at 10:06AM
MLS# 272003
Copyright © 2026 Humboldt Association of Realtors. 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.
This property offers the opportunity to acquire a residence with potential for additional income. It could be used to supplement monthly mortgage payments or serve as a mother-in-law unit or rental investment. The property is located near the town center and adjacent to the city's wooded walking trails. Situated in a desirable neighborhood, it is removed from traffic congestion. The lot size is 0.22 acres and the property size is 2056 square feet. The property is located in Arcata, CA with Multi-Family zoning.
Key Highlights
- Income potential with a rental or mother‑in‑law unit.
- Convenient location near town center.
- Adjacent to wooded walking trails.
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
$24,482
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
3.38%
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%
$489,640
$489.6K
Cap Rate 7%
$349,743
$349.7K
Cap Rate 9%
$272,022
$272.0K
Market Conditions
NOI Build-Up for 2,056 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
$47.9K $23.28/SF
− Vacancy
−$3.4K −$1.63/SF
EGI
$44.5K $21.65/SF
− OpEx
−$20.0K −$9.74/SF
NOI
$24.5K $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 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%
$489,640
Cap Rate 7%
$349,743
Cap Rate 9%
$272,022
Alternative Uses
Best Use
Apartment 5plus
$349.7K
$306.0K – $408.0K
NOI $24,482 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$776.4K
$679.4K – $905.8K
NOI $54,350 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 95521, CA
21,581
Population
9,797
Households
2.2
Avg Household Size
30
Median Age
45%
College-Educated
95%
High-School Grad
60.4 sq mi
ZIP Area
357
Density / Sq Mi
$54,324
Median Household Income
$24,129
Median Earnings
$1,300
Median Rent
$478,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Income-generating property near town center and walking trails.
Where is this apartment building located?
The property is located at 757 Park Avenue Arcata, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Income potential with a rental or mother‑in‑law unit.; Convenient location near town center.; Adjacent to wooded walking trails.
