| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 60th | Good |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 701 Markham Ave, Vacaville, CA, 95688, US |
| Region / Metro | Vacaville |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | 1997-02-21 |
| Transaction Price | $930,000 |
| Buyer | VACAVILLE COMMUNITY HOUSING |
| Seller | BRIDGES |
701 Markham Ave Vacaville Multifamily Investment
Neighborhood occupancy trends are exceptionally tight and ownership costs are elevated in Vacaville, supporting durable renter demand according to WDSuite’s CRE market data. This positioning favors income stability for a 24-unit asset while balancing lease management against local affordability and commuting patterns.
Location and tenant demand: The property sits in a Vacaville neighborhood rated B+ and ranked 27 out of 98 in the Vallejo metro—competitive among Vallejo neighborhoods. Neighborhood occupancy is measured at the neighborhood level and currently ranks first out of 98, indicating exceptionally limited vacancy in the immediate area based on CRE market data from WDSuite.
Livability and amenities: Daily needs are well served by strong grocery access (among the better concentrations metro-wide and in the upper tier nationally), while parks, cafes, and pharmacies are thinner locally. This mix supports convenience-oriented renters but suggests limited lifestyle amenities within close proximity.
Schools and households: Average school ratings sit near the midpoint of national peers, which may appeal to value-focused renters more than families prioritizing top academic scores. The renter-occupied share at the neighborhood level is 48.8% of housing units, indicating a balanced renter base that can support leasing depth without overreliance on any single tenant segment.
Income, costs, and rent positioning: Median household incomes in the neighborhood rank near the top of national peers, while home values sit in the upper decile nationally—an ownership-cost environment that tends to reinforce reliance on rental housing. Neighborhood rent-to-income levels are measured as relatively manageable, which can aid retention and reduce turnover risk compared with higher-burden markets.
Demographic momentum (3-mile radius): Population and households have expanded modestly in recent years, and forecasts indicate continued household growth alongside slightly smaller average household sizes. For investors, that combination points to a larger tenant base and steady demand for professionally managed rental units, supporting occupancy stability over the medium term.
Safety indicators for the neighborhood, measured against 98 metro neighborhoods, place the area in the lower half of the Vallejo metro (rank 58 of 98) and below the national median (around the 37th percentile). In practical terms, this suggests investors should underwrite for attentive property management and security practices common to urban-core submarkets, while monitoring year-over-year trends rather than relying on block-level assumptions.
Property and violent offense rates have shown recent upticks at the neighborhood level. Framing these trends comparatively—rather than as absolutes—supports balanced risk assessment and appropriate operating expense allowances for lighting, access control, and resident engagement.
Regional employment nodes within commuting range include healthcare services, packaging, medical distribution, logistics, and major corporate headquarters, supporting a broad renter pipeline and lease retention. Nearby employers include Xerox State Healthcare, International Paper, Cardinal Health, DISH Network Distribution Center, Chevron, and Clorox.
- Xerox State Healthcare — healthcare IT services (27.7 miles)
- International Paper — packaging and paper (27.8 miles)
- Cardinal Health — medical distribution (32.3 miles)
- DISH Network Distribution Center — logistics/telecom distribution (34.3 miles)
- Chevron — energy (41.7 miles) — HQ
- Clorox — consumer products (41.7 miles) — HQ
This 24-unit Vacaville asset benefits from a neighborhood with exceptionally tight occupancy and a renter base supported by high-cost homeownership relative to income, which can sustain rental demand and lease retention. According to CRE market data from WDSuite, the neighborhood ranks competitively within the Vallejo metro, with strong grocery access and incomes that compare favorably nationwide, helping underpin collections and renewal probability.
Within a 3-mile radius, modest population growth and a notable increase in households point to a larger tenant pool over time, while manageable neighborhood rent-to-income levels can support consistent leasing. Investors should balance these strengths against thinner lifestyle amenities and below-median safety readings by planning for active management and security-forward operations.
- Tight neighborhood occupancy supports income stability and reduces lease-up risk
- High-cost ownership market reinforces sustained multifamily renter demand
- Strong local incomes and manageable rent-to-income bolster retention
- 3-mile household growth expands the renter pool over the medium term
- Risk: below-median safety and thinner amenities warrant proactive property management and security planning