Renovated
9525 Kelley Drive, Stockton, CA 95209
For Sale
$704,888
Three occupied units provide in-place rental income from an established multifamily property.
Property Size2,945 SF
Price / SF$239.35
Days on Market58
Property Features for 9525 Kelley Drive
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Broker
(916) 835-7253
Listed By:
Inspired Real Estate Group Inc
(916) 622-5341
Source:
Inspiredrealestategroup
Added: Sep 13
Changed: Nov 8
Last Checked: Nov 8 at 5:19AM
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 Broker
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Investment Insights
Based on property information with market context.
This triplex at 9525 Kelley Drive in Stockton, California, contains three units totaling 2945 square feet. All units are currently occupied and generating rental income, providing an established operating profile for the property. The building was constructed in 1980 and has been recently renovated, with the source information describing it as being in good condition. The three-unit configuration creates a straightforward multifamily asset with income-producing occupancy in place.
Key Highlights
- Three‑unit triplex configuration
- All three units currently occupied
- 2945 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,843
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$876,860
$876.9K
Cap Rate 7%
$626,329
$626.3K
Cap Rate 9%
$487,144
$487.1K
Market Conditions
NOI Build-Up for 2,945 SF
Gross rent
$65.4K $22.20/SF
− Vacancy
−$2.7K −$0.93/SF
EGI
$62.6K $21.27/SF
− OpEx
−$18.8K −$6.38/SF
NOI
$43.8K $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 Rate 5%
$876,860
Cap Rate 7%
$626,329
Cap Rate 9%
$487,144
Alternative Uses
Best Use
Multifamily LT 5
$626.3K
$548.0K – $730.7K
NOI $43,843 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$561.0K
$490.8K – $654.5K
NOI $39,267 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$636.1K
$556.6K – $742.1K
NOI $44,528 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
85
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
$464,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Stockton, CA
Properties on Market for Triplexes in Stockton
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied units provide in-place rental income from an established multifamily property.
Where is this triplex located?
The property is located at 9525 Kelley Drive Stockton, CA.
What is the asking price?
The asking price for this property is $704,888.
What are key features of this property?
This property features: Three‑unit triplex configuration; All three units currently occupied; 2945 square feet of building area
