20-Unit Townhome Apartment
New
For Sale
$3,200,000
960 Marlene St, Ukiah, CA 95482
Rented two-bedroom homes feature private fenced yards, central HVAC, fireplaces, and shared on-site amenities.
Property Size22,211 SF
Days on Market3
Property Features for 960 Marlene St
General Information
Standard status
Active
Size
22,211 SF
Property subtype
Investment
Zoning
R-2
Units
Unit Mix
20 x 2BR/1.5BA
Multifamily Units
20
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Amenities
on-site laundry facilities
in-ground pool
carports
additional on-site paved parking
Building Details
Building Size
22,211 SF
Year Built
1983
Stories
2
Units
20
Listed By:
Marcia M Lazaro
(707) 972-4204
Source:
Elliman
Added: Oct 26
Last Checked: Oct 26 at 3:08PM
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 Marcia M Lazaro
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 20-unit townhome property in Ukiah consists of two-bedroom, 1.5-bath residences, each with upstairs bedrooms, a Jack-and-Jill bathroom, closet space, central HVAC, a fireplace, and a private fenced yard. The units were converted to condominiums in 1985 on 20 individual legal parcels. The property was built in 1983, and all units are currently rented. Shared features include on-site laundry, an in-ground pool, carports, and additional paved parking. Landscaping and underground utilities are also present.
Located at 960 Marlene St, the property is at the end of a cul-de-sac in Ukiah. The property is zoned Medium Density Residential (R-2).
Located at 960 Marlene St, the property is at the end of a cul-de-sac in Ukiah. The property is zoned Medium Density Residential (R-2).
Key Highlights
- 20 two‑bedroom, 1.5‑bath townhome units, currently rented
- Condominium conversion on 20 individual legal parcels in 1985
- Central HVAC, fireplaces, and private fenced yards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,995
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,779,900
$3.8M
Cap Rate 7%
$2,699,929
$2.7M
Cap Rate 9%
$2,099,944
$2.1M
Market Conditions
NOI Build-Up for 22,211 SF
Gross rent
$359.8K $16.20/SF
− Vacancy
−$16.2K −$0.73/SF
EGI
$343.6K $15.47/SF
− OpEx
−$154.6K −$6.96/SF
NOI
$189.0K $8.51/SF
Area
Mendocino County, CA
Vacancy
4.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,779,900
Cap Rate 7%
$2,699,929
Cap Rate 9%
$2,099,944
Alternative Uses
Best Use
Apartment 5plus
$2.70M
$2.36M – $3.15M
NOI $188,995 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$8.30M
$7.27M – $9.69M
NOI $581,274 @ 7.0% cap · market cap 18.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
20
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
Business Placement
Demographics for 95482, CA
33,276
Population
13,143
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
84%
High-School Grad
294.2 sq mi
ZIP Area
113
Density / Sq Mi
$70,063
Median Household Income
$38,707
Median Earnings
$1,335
Median Rent
$473,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Rented two-bedroom homes feature private fenced yards, central HVAC, fireplaces, and shared on-site amenities.
Where is this apartment building located?
The property is located at 960 Marlene St Ukiah, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 20 two‑bedroom, 1.5‑bath townhome units, currently rented; Condominium conversion on 20 individual legal parcels in 1985; Central HVAC, fireplaces, and private fenced yards
