Triplex with Updated Electric
For Sale
$609,000
9010 Stacey Court, Stockton, CA 95209
Three-unit triplex offers one 3-bedroom and two 2-bedroom units, all with updated electric water heaters.
Property Size3,152 SF
Price / SF$193.21
Days on Market49
Property Features for 9010 Stacey Court
General Information
Standard status
Active
Size
3,152 SF
Total Parking Spaces
3
Property subtype
Residential Income
Zoning
RM
Lease Term
Month To Month
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,185
Amenities
Wall/Window Unit(s)
Forced Air
Off Street, On Street, Detached
Building Details
Building Size
3,152 SF
Year Built
1978
Buildings
1
Stories
2
Listing Agency:
Hillview International Inc
(408) 412-9022
Listed By:
Wilson Lau · License #02217494
(408) 412-9022
Source:
Evrealestate
Added: Jul 9
Changed: Aug 24
Last Checked: Aug 26 at 5:38AM
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 Hillview International Inc
Investment Insights
Based on property information with market context.
This triplex features a well-defined unit mix: one roomy 3-bedroom, 1.5-bath unit paired with two 2-bedroom, 1-bath units. All units have electric water heaters that were updated in recent years. A professional property manager is already in place, supporting day-to-day oversight for ownership.
Located at 9010 Stacey Ct in Stockton, CA 95209, the property is characterized by a car-dependent setting, with minimal transit and moderate bike accessibility based on provided BikeScore, WalkScore, and transitScore figures.
For a buy-and-hold or owner-occupant strategy, the existing configuration provides flexibility across three units while maintaining consistent water-heater upgrades throughout the building.
Located at 9010 Stacey Ct in Stockton, CA 95209, the property is characterized by a car-dependent setting, with minimal transit and moderate bike accessibility based on provided BikeScore, WalkScore, and transitScore figures.
For a buy-and-hold or owner-occupant strategy, the existing configuration provides flexibility across three units while maintaining consistent water-heater upgrades throughout the building.
Key Highlights
- North Stockton triplex built in 1978
- Unit mix includes one 3 bed, 1.5 bath unit and two 2 bed, 1 bath units
- All units feature updated electric water heaters (updated in recent years)
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
$46,925
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
7.71%
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%
$938,500
$938.5K
Cap Rate 7%
$670,357
$670.4K
Cap Rate 9%
$521,389
$521.4K
Market Conditions
NOI Build-Up for 3,152 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
$70.0K $22.20/SF
− Vacancy
−$2.9K −$0.93/SF
EGI
$67.0K $21.27/SF
− OpEx
−$20.1K −$6.38/SF
NOI
$46.9K $14.89/SF
Area
ZIP 95209
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 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%
$938,500
Cap Rate 7%
$670,357
Cap Rate 9%
$521,389
Alternative Uses
Best Use
Multifamily LT 5
$670.4K
$586.6K – $782.1K
NOI $46,925 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$600.4K
$525.3K – $700.5K
NOI $42,027 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$680.8K
$595.7K – $794.3K
NOI $47,658 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Demographics for 95209, CA
44,660
Population
13,923
Households
3.2
Avg Household Size
37
Median Age
25%
College-Educated
87%
High-School Grad
8.2 sq mi
ZIP Area
5,446
Density / Sq Mi
$106,056
Median Household Income
$47,456
Median Earnings
$1,813
Median Rent
$464,900
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 - Three-unit triplex offers one 3-bedroom and two 2-bedroom units, all with updated electric water heaters.
Where is this triplex located?
The property is located at 9010 Stacey Court Stockton, 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: North Stockton triplex built in 1978; Unit mix includes one 3 bed, 1.5 bath unit and two 2 bed, 1 bath units; All units feature updated electric water heaters (updated in recent years)
