Six-Unit Apartment
For Sale
$749,900
Pending
827 Pennsylvania Street, Vallejo, CA 94590
Tenant-occupied apartment property with in-unit laundry and separately metered electric and gas service.
Property Size3,846 SF
Lot Size0.15 Acres
Days on Market59
Property Features for 827 Pennsylvania Street
General Information
Standard status
Pending
Size
3,846 SF
Lot size
0.15 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA, 3 x 1BR/1BA, 1 x studio
Multifamily Units
6
Additional Details
Cap Rate
7.1%
Amenities
in-unit laundry
Building Details
Year Built
1912
Listing Agency:
Exp Realty Of Northern California, Inc.
(530) 386-6236
Listed By:
The Jamison Team
(408) 465-4899
Source:
Tuscanaproperties
Added: Sep 9
Changed: Nov 5
Last Checked: Nov 4 at 1:37PM
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 Exp Realty Of Northern California, Inc.
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Investment Insights
Based on property information with market context.
Built in 1912, this 3,846-square-foot apartment property contains six units on a 6,500-square-foot lot. The layout includes two 2-bedroom/1-bath apartments, three 1-bedroom/1-bath apartments, and a studio currently used for storage. The five apartments are tenant-occupied, while the studio provides additional owner-use or rental-conversion flexibility.
Residents have in-unit laundry, and each unit is served by separate electric and gas meters. The property includes a single garage assigned to one unit, along with off-street and street parking. An alley runs behind the property at 827 Pennsylvania Street in Vallejo. The property carries a 7.10 cap rate.
Residents have in-unit laundry, and each unit is served by separate electric and gas meters. The property includes a single garage assigned to one unit, along with off-street and street parking. An alley runs behind the property at 827 Pennsylvania Street in Vallejo. The property carries a 7.10 cap rate.
Key Highlights
- Six‑unit apartment property built in 1912
- 3,846 SF building on a 6,500 sq. ft. lot
- Unit mix includes two 2‑bedroom/1‑bath, three 1‑bedroom/1‑bath, and one studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,179
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,343,580
$1.3M
Cap Rate 7%
$959,700
$959.7K
Cap Rate 9%
$746,433
$746.4K
Market Conditions
NOI Build-Up for 3,846 SF
Gross rent
$128.3K $33.36/SF
− Vacancy
−$6.2K −$1.60/SF
EGI
$122.1K $31.76/SF
− OpEx
−$55.0K −$14.29/SF
NOI
$67.2K $17.47/SF
Area
Vallejo, CA
Vacancy
4.80%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,343,580
Cap Rate 7%
$959,700
Cap Rate 9%
$746,433
Alternative Uses
Best Use
Apartment 5plus
$959.7K
$839.7K – $1.12M
NOI $67,179 @ 7.0% cap · market cap 8.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $131,026 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,463
Businesses Nearby
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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
$510,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Solano County, CA
Properties on Market for Apartment buildings in Solano County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Tenant-occupied apartment property with in-unit laundry and separately metered electric and gas service.
Where is this apartment building located?
The property is located at 827 Pennsylvania Street Vallejo, CA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Six‑unit apartment property built in 1912; 3,846 SF building on a 6,500 sq. ft. lot; Unit mix includes two 2‑bedroom/1‑bath, three 1‑bedroom/1‑bath, and one studio
