Listed by Starker West, Inc
$979,000
Alpine Duplex on Arnold Way
Details
APN 403-220-43-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,132
Net Rentable (SqFt) 2,132
Units 2
Cap Rate 3.30%
Occupancy 100%
Pro-Forma Cap Rate 5.50%
Pro-Forma NOI $72,600
Price per SqFt $459
Broker Co-Op Yes
Year Built 1991
Buildings 1
Stories 2
Lot Size (SqFt) 6,128
Zoning R-2:MINOR
Parking Spaces 4 spaces
Parking Per SqFt 1.88
Investment Type Stabilized
1991 Built Duplex in Alpine CA
Marketing description
1964 Arnold Way presents a rare duplex investment opportunity in the scenic community of Alpine, featuring two spacious 3-bedroom, 2-bathroom units with functional layouts and private backyards, and stackable washer/dryers in both units. The property includes a newer roof and updated windows, along with dedicated off-street parking and a modern footprint on a 6,128-square-foot parcel. Constructed in 1991, this well-maintained property offers strong tenant appeal and minimal deferred maintenance—ideal for an investor or an owner-user looking to occupy one unit and rent the other.
Investment highlights
- Strong unit mix- property consists of two 3bed/2bath units. 2,132 total rentable square feet.
- Newer construction - 1991 year built
- Recent upgrades - fully remodeled interiors, new roof, new windows
- Great location - the property is within walking distance to the alpine shipping center
Listing Contacts
Listed by Starker West, Inc
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