$813,000
$825,000 1.5%
Est. payment /mo
3 Beds
2 Baths
1,500 SqFt
UPDATED:
Key Details
Sold Price $813,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $542
MLS Listing ID 272567
Sold Date 07/23/26
Style Other - Spec in Remarks
Bedrooms 3
Year Built 2003
Lot Size 0.670 Acres
Acres 0.67
Lot Dimensions See APN Map
Property Sub-Type Single Family Residence
Source Humboldt Association of REALTORS®
Property Description
DO NOT DISTURB TENANTS!
Showings Start JUNE 20 2026
Rare McKinleyville opportunity with two substantial residential dwellings on one parcel, plus additional bonus space. Flexible options for owner-occupants, investors, multigenerational living, or buyers wanting rental income to offset housing costs. Current and past rents suggest a strong income profile and estimated approximate 8% NOI/cap-rate opportunity. Recent appraisal described the property as a primary dwelling with ADU, both in good overall condition. Buyer to verify permits, zoning, square footage, unit configuration, rental use, income, expenses, financing, and intended use. Not to be represented as a legal three-unit property. Rare McKinleyville property offering a level of flexibility that is hard to find in today's market. The property consists of two substantial residential dwellings on one legal parcel, plus additional bonus space, creating multiple possible paths for an owner-occupant, investor, multigenerational household, or buyer looking to reduce monthly housing overhead through rental income.
This is not a standard single-family home, and that is exactly what makes it special. Many buyers today are facing high purchase prices, higher interest rates, and monthly payments that make ordinary homeownership difficult. This property offers a different path: live in one space and allow the other spaces to help offset the cost of ownership. For the right buyer, this may create an ownership structure that is far more practical than buying a smaller, inferior single-family home with no income support.
With current and past rental history, the property presents a strong income profile and an estimated approximate 8% NOI/cap-rate opportunity, subject to buyer verification of all rents, expenses, vacancy, loan terms, taxes, insurance, maintenance, management, and future use. The homes are in excellent overall condition, making this a hard-to-find investment-style property with real residential utility, not just numbers on paper.
The property is a true Swiss Army knife of opportunity. A buyer could potentially occupy the main home and continue renting the ADU and bonus space. Based on a 20% down conventional purchase scenario with estimated PITI of approximately $4,870/month, current rent assumptions could potentially reduce effective monthly housing overhead to approximately $770/month. Another option would be to occupy the ADU while renting the main home and bonus space, potentially reducing effective monthly overhead to approximately $425/month. For a buyer who does not need much space, occupying the bonus space while renting the two larger dwellings could potentially create positive monthly cash flow while still providing a place to live.
Those scenarios are what separate this property from a typical residential purchase. A buyer purchasing a standard single-family home around $525,000 with 20% down may be looking at an estimated monthly payment near $3,200/month, without any built-in income stream to help offset the payment. By contrast, this property gives a buyer multiple options: occupy one dwelling, rent another, accommodate extended family, create separation between living spaces, or hold the property as a long-term income-producing asset.
The two main dwellings create practical flexibility. One may work well for an owner-occupant who wants more space, while the other may work for rental income, family, guests, adult children, aging parents, or a separate work-from-home environment. Buyers looking for multigenerational living often struggle to find homes with enough separation, privacy, parking, and functional independence. This property offers that kind of flexibility in a way that a typical single-family home usually cannot.
For investors, the property offers an attractive combination of condition, income history, and long-term utility. Many rental properties require immediate repairs, heavy updating, or major deferred maintenance. Here, you will find multiple Homes in excellent condition with many custom features.
For an owner-occupant, the property may offer a way to live in McKinleyville while keeping monthly housing costs far lower than a traditional purchase. Instead of carrying the entire payment alone, the buyer may be able to use rental income from the other dwelling or spaces to help reduce the effective monthly cost. This is the kind of property that can serve different needs over time: live in one unit now, adjust use later, house family if needed, maintain income, or reposition the property as life changes.
The lot also adds to the appeal. With two substantial dwellings on one parcel, the property offers a sense of space, separation, and utility that is difficult to replace. Buyers should consider not only the current income, but also the long-term flexibility of owning a property with multiple usable residential areas in a market where housing supply remains limited and rental demand remains meaningful.
Current and prior rental information may be provided to qualified buyers upon request. Any income, expense, payment, NOI, cap-rate, or payment-offset examples are based on current and prior experience based with current management cost. Actual buyer results will depend on purchase price, down payment, interest rate, loan program, taxes, insurance, tenant occupancy, rental rates, vacancy, maintenance, utilities, management, repairs, and buyer's intended use.
Important disclosure: the property should not be represented as a legal three-unit property or triplex. There is an additional small bonus living area on the property. No value is givin to this unit. It is the buyers responsibility to independently verify the legality, permits, zoning, square footage, utility setup, rental use, tenant status, future allowable use, and all improvement details with Humboldt County and appropriate professionals. Seller/listing broker make no representation of guarantees of property characteristics.
Buyer to verify all permits, zoning, square footage, unit configuration, utility meters, legal use, rental use, lease terms, deposits, tenant rights, income, expenses, financing, and suitability for buyer's intended use prior to removing contingencies.
Opportunities like this are rare: two substantial dwellings, income history, owner-occupant flexibility, investor appeal, multigenerational potential, and multiple paths to offset the cost of ownership. For a buyer who understands the value of flexibility, this property deserves a serious look.
Showings Start JUNE 20 2026
Rare McKinleyville opportunity with two substantial residential dwellings on one parcel, plus additional bonus space. Flexible options for owner-occupants, investors, multigenerational living, or buyers wanting rental income to offset housing costs. Current and past rents suggest a strong income profile and estimated approximate 8% NOI/cap-rate opportunity. Recent appraisal described the property as a primary dwelling with ADU, both in good overall condition. Buyer to verify permits, zoning, square footage, unit configuration, rental use, income, expenses, financing, and intended use. Not to be represented as a legal three-unit property. Rare McKinleyville property offering a level of flexibility that is hard to find in today's market. The property consists of two substantial residential dwellings on one legal parcel, plus additional bonus space, creating multiple possible paths for an owner-occupant, investor, multigenerational household, or buyer looking to reduce monthly housing overhead through rental income.
This is not a standard single-family home, and that is exactly what makes it special. Many buyers today are facing high purchase prices, higher interest rates, and monthly payments that make ordinary homeownership difficult. This property offers a different path: live in one space and allow the other spaces to help offset the cost of ownership. For the right buyer, this may create an ownership structure that is far more practical than buying a smaller, inferior single-family home with no income support.
With current and past rental history, the property presents a strong income profile and an estimated approximate 8% NOI/cap-rate opportunity, subject to buyer verification of all rents, expenses, vacancy, loan terms, taxes, insurance, maintenance, management, and future use. The homes are in excellent overall condition, making this a hard-to-find investment-style property with real residential utility, not just numbers on paper.
The property is a true Swiss Army knife of opportunity. A buyer could potentially occupy the main home and continue renting the ADU and bonus space. Based on a 20% down conventional purchase scenario with estimated PITI of approximately $4,870/month, current rent assumptions could potentially reduce effective monthly housing overhead to approximately $770/month. Another option would be to occupy the ADU while renting the main home and bonus space, potentially reducing effective monthly overhead to approximately $425/month. For a buyer who does not need much space, occupying the bonus space while renting the two larger dwellings could potentially create positive monthly cash flow while still providing a place to live.
Those scenarios are what separate this property from a typical residential purchase. A buyer purchasing a standard single-family home around $525,000 with 20% down may be looking at an estimated monthly payment near $3,200/month, without any built-in income stream to help offset the payment. By contrast, this property gives a buyer multiple options: occupy one dwelling, rent another, accommodate extended family, create separation between living spaces, or hold the property as a long-term income-producing asset.
The two main dwellings create practical flexibility. One may work well for an owner-occupant who wants more space, while the other may work for rental income, family, guests, adult children, aging parents, or a separate work-from-home environment. Buyers looking for multigenerational living often struggle to find homes with enough separation, privacy, parking, and functional independence. This property offers that kind of flexibility in a way that a typical single-family home usually cannot.
For investors, the property offers an attractive combination of condition, income history, and long-term utility. Many rental properties require immediate repairs, heavy updating, or major deferred maintenance. Here, you will find multiple Homes in excellent condition with many custom features.
For an owner-occupant, the property may offer a way to live in McKinleyville while keeping monthly housing costs far lower than a traditional purchase. Instead of carrying the entire payment alone, the buyer may be able to use rental income from the other dwelling or spaces to help reduce the effective monthly cost. This is the kind of property that can serve different needs over time: live in one unit now, adjust use later, house family if needed, maintain income, or reposition the property as life changes.
The lot also adds to the appeal. With two substantial dwellings on one parcel, the property offers a sense of space, separation, and utility that is difficult to replace. Buyers should consider not only the current income, but also the long-term flexibility of owning a property with multiple usable residential areas in a market where housing supply remains limited and rental demand remains meaningful.
Current and prior rental information may be provided to qualified buyers upon request. Any income, expense, payment, NOI, cap-rate, or payment-offset examples are based on current and prior experience based with current management cost. Actual buyer results will depend on purchase price, down payment, interest rate, loan program, taxes, insurance, tenant occupancy, rental rates, vacancy, maintenance, utilities, management, repairs, and buyer's intended use.
Important disclosure: the property should not be represented as a legal three-unit property or triplex. There is an additional small bonus living area on the property. No value is givin to this unit. It is the buyers responsibility to independently verify the legality, permits, zoning, square footage, utility setup, rental use, tenant status, future allowable use, and all improvement details with Humboldt County and appropriate professionals. Seller/listing broker make no representation of guarantees of property characteristics.
Buyer to verify all permits, zoning, square footage, unit configuration, utility meters, legal use, rental use, lease terms, deposits, tenant rights, income, expenses, financing, and suitability for buyer's intended use prior to removing contingencies.
Opportunities like this are rare: two substantial dwellings, income history, owner-occupant flexibility, investor appeal, multigenerational potential, and multiple paths to offset the cost of ownership. For a buyer who understands the value of flexibility, this property deserves a serious look.
Location
State CA
Area 0.67
Zoning Single Family
Direction From Central in McKinleville, go east on Sutter, then north onto Mygina.
Rooms
Dining Room Ceiling Fan
Kitchen Kitchen has Island, Dining in Kitchen, Gas, Hood, Range, Refrig, Pantry, Disposal, Dishwasher, Breakfast Bar
Interior
Interior Features Dining in Kitchen, Breakfast Bar, Pantry, Ceiling Fan(s)
Heating Forced Air
Flooring Vinyl
Window Features Double Pane Windows
Appliance Gas, Hood, Kitchen has Island, Refrig
Heat Source Forced Air
Laundry 220, Dryer Hookup, Gas, In Garage, Washer Hookup
Exterior
Parking Features Garage Door Opener, Direct Access
Garage Spaces 2.0
Garage Description Finished, Auto Door Opener, Dir Entry to House
Fence Partial, Wire
Utilities Available Circuit Breaker, Gas
Roof Type Shingle
Street Surface Concrete
Porch Deck, Patio, Porch
Total Parking Spaces 2
Garage Yes
Building
Lot Description Flat, Open
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Other - Spec in Remarks
New Construction No
Schools
Elementary Schools Morris
High Schools Mckinleyville
Others
Senior Community No
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Listed by New Wave Realty & Financial Services
NEARBY SCHOOL & BUSINESS
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