Three-Unit Residential
New
For Sale
$560,000
8024 Albany Drive, Stockton, CA 95210
Three two-bedroom residences, each with one bath, are occupied under month-to-month agreements.
Property Size2,596 SF
Price / SF$215.72
Days on Market1
Property Features for 8024 Albany Drive
General Information
Standard status
Active
Size
2,596 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
Triplex
Occupancy
100%
Site & Location
Neighborhood
Upper Hammer Lane/Thornton Road
Units
Unit Mix
3 x 2BR/1BA, utilities_to_site:null,, year_built:null,, year_renovated:null,, zoning:null},
Multifamily Units
3
Additional Details
Gross Income
$50,376
Tenant in Place
Yes
Building Details
Building Size
2,596 SF
Year Built
1971
Buildings
1
Stories
1
Units
2
Listing Agency:
Davenport Properties
2235255
Listed By:
Kellee Davenport · License #01489625
(209) 304-3620
Source:
Davenportsold
Added: Oct 23
Last Checked: Oct 23 at 5:26PM
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 Davenport Properties
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Investment Insights
Based on property information with market context.
This 2,596-square-foot triplex contains three residences, each configured with two bedrooms and one bathroom. The property was built in 1971 and is zoned Triplex. All three units are occupied, with month-to-month lease arrangements.
Located at 8024 Albany Drive in Stockton, the property offers a three-unit residential configuration in the 95210 area.
Located at 8024 Albany Drive in Stockton, the property offers a three-unit residential configuration in the 95210 area.
Key Highlights
- Three residential units, each with 2 bedrooms and 1 bathroom
- 2,596 square feet across the triplex
- All units occupied; tenants have month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,647
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,940
$772.9K
Cap Rate 7%
$552,100
$552.1K
Cap Rate 9%
$429,411
$429.4K
Market Conditions
NOI Build-Up for 2,596 SF
Gross rent
$57.6K $22.20/SF
− Vacancy
−$2.4K −$0.93/SF
EGI
$55.2K $21.27/SF
− OpEx
−$16.6K −$6.38/SF
NOI
$38.6K $14.89/SF
Area
ZIP 95210
Vacancy
4.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,940
Cap Rate 7%
$552,100
Cap Rate 9%
$429,411
Alternative Uses
Best Use
Multifamily LT 5
$552.1K
$483.1K – $644.1K
NOI $38,647 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$509.9K
$446.2K – $594.9K
NOI $35,693 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$570.1K
$498.8K – $665.1K
NOI $39,906 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,610
Businesses Nearby
Explore this area
Business Placement
Demographics for 95210, CA
41,378
Population
12,623
Households
3.3
Avg Household Size
33
Median Age
11%
College-Educated
74%
High-School Grad
7.6 sq mi
ZIP Area
5,444
Density / Sq Mi
$65,411
Median Household Income
$35,658
Median Earnings
$1,450
Median Rent
$336,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom residences, each with one bath, are occupied under month-to-month agreements.
Where is this triplex located?
The property is located at 8024 Albany Drive Stockton, CA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Three residential units, each with 2 bedrooms and 1 bathroom; 2,596 square feet across the triplex; All units occupied; tenants have month‑to‑month leases
