Three-Unit Residential Income
For Sale
$710,000
9235 Darby Ct, Stockton, CA 95209
Built in 1980, the three rented units each include central heating and cooling, attached garages, and in-unit laundry.
Property Size3,586 SF
Price / SF$197.99
Days on Market49
Property Features for 9235 Darby Ct
General Information
Standard status
Active
Size
3,586 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Building Details
Building Size
3,586 SF
Year Built
1980
Stories
1
Units
3
Listed By:
Lila D Miller
(707) 372-2949
Source:
Elliman
Added: Jul 20
Changed: Sep 2
Last Checked: Sep 5 at 12:47PM
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 Lila D Miller
Investment Insights
Based on property information with market context.
Built in 1980, this three-unit residential income property offers a total of 3,586 square feet of living space across three separate units. Each unit is equipped with central heating and cooling, includes an inside laundry room, and benefits from a sizable backyard. The property also features attached individual garages for the units.
All three units are currently rented, supporting an income-producing setup for an owner. Bike, walk, and transit scores are 51, 51, and 29 respectively, indicating a somewhat bikeable and walkable area with more limited transit.
The configuration is designed for tenant convenience with private outdoor space, in-unit laundry, and attached garages included for each unit.
All three units are currently rented, supporting an income-producing setup for an owner. Bike, walk, and transit scores are 51, 51, and 29 respectively, indicating a somewhat bikeable and walkable area with more limited transit.
The configuration is designed for tenant convenience with private outdoor space, in-unit laundry, and attached garages included for each unit.
Key Highlights
- Built in 1980, this 3‑unit multifamily offers a total of 3,586 SF of living space
- All three units are currently rented
- Each unit has central heating and central cooling
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
$53,386
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
7.52%
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%
$1,067,720
$1.1M
Cap Rate 7%
$762,657
$762.7K
Cap Rate 9%
$593,178
$593.2K
Market Conditions
NOI Build-Up for 3,586 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
$79.6K $22.20/SF
− Vacancy
−$3.3K −$0.93/SF
EGI
$76.3K $21.27/SF
− OpEx
−$22.9K −$6.38/SF
NOI
$53.4K $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%
$1,067,720
Cap Rate 7%
$762,657
Cap Rate 9%
$593,178
Alternative Uses
Best Use
Multifamily LT 5
$762.7K
$667.3K – $889.8K
NOI $53,386 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$683.0K
$597.7K – $796.9K
NOI $47,813 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$774.6K
$677.8K – $903.7K
NOI $54,220 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
101
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 - Built in 1980, the three rented units each include central heating and cooling, attached garages, and in-unit laundry.
Where is this triplex located?
The property is located at 9235 Darby Ct Stockton, CA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Built in 1980, this 3‑unit multifamily offers a total of 3,586 SF of living space; All three units are currently rented; Each unit has central heating and central cooling
