Triplex with Detached
For Sale
$609,000
9010 Stacey CT, Stockton, CA 95209
Residential Income (2-4 units), STOCKTON, CA
Property Size3,152 SF
Lot Size0.18 Acres
Price / SF$193.21
Days on Market43
Property Features for 9010 Stacey CT
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
7
Rooms
Bedroom 7, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 6
Parking
3
Parking features
Garage - Detached, Off Street, On Street
Subdivision
Stockton NE
Standard status
Active
Size
3,152 SF
Lot size
0.18 Acres
Utilities
Heating system
Forced Air
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1978
Number of units
3
Roof type
Composition
Listing Agency:
KW Silicon City · Keller Williams Realty
(408) 755-5972
Listed By:
Wilson Lau · License #02217494
(408) 412-9022
Added: Jul 15
Changed: Aug 24
Last Checked: Aug 26 at 4:06PM
MLS# ML82053605
Copyright © 2026 MLS Listings, Inc. 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 3,152-square-foot triplex, built in 1978, includes one 3-bedroom, 1.5-bath unit and two 2-bedroom, 1-bath units. Each unit has an electric water heater updated in recent years. The property uses forced-air heating, wall-unit cooling, a composition roof, and public water service. Parking includes a detached garage along with off-street and on-street options.
Located in North Stockton, the property sits on a 0.1845-acre lot and carries RM zoning. A professional property manager is already in place, providing an established management arrangement for the three-unit asset.
Located in North Stockton, the property sits on a 0.1845-acre lot and carries RM zoning. A professional property manager is already in place, providing an established management arrangement for the three-unit asset.
Key Highlights
- 3,152‑square‑foot triplex on a 0.1845‑acre lot
- Unit mix includes one 3‑bedroom, 1.5‑bath unit and two 2‑bedroom, 1‑bath units
- Electric water heaters updated in recent years across all units
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 property with a 3-bedroom residence, two 2-bedroom units, and multiple parking options.
Where is this triplex located?
The property is located at 9010 Stacey CT 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: 3,152‑square‑foot triplex on a 0.1845‑acre lot; Unit mix includes one 3‑bedroom, 1.5‑bath unit and two 2‑bedroom, 1‑bath units; Electric water heaters updated in recent years across all units
