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Duplex Residential Income Property

217 E 5th Street Perris, CA 92570

217 E 5th Street, Perris, CA, 92570
$749,000
For Sale
Claim this Listing
$749,000

MULTI_FAMILY - Perris, CA

Property Size3,147 SF
Lot Size0.17 Acres
Price / SF$238
AddedMay 3
Days on Market74
Last RefreshJul 15 at 6:06 pm

Property Features for 217 E 5th Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Rooms
Bedroom 7, Bedroom 6, Bedroom 2, Bedroom 4, Laundry Room, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 5, Bedroom 5
Standard status
Active
APN
310043023
Size
3,147 SF
Lot size
0.17 Acres

Utilities

Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public

Building Details

Year built
2004
Floors in Building
1
Number of units
2

Listing agent LAURA VAZQUEZ License #02013418

Listing office KELLER WILLIAMS RIVERSIDE CENT 7898 MISSION GROVE PKWY S #102, Riverside, CA

Listing date May 3, 2026

MLS# IV26097646

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

Offered for sale, this residential income duplex property is located at 217 E 5th Street in Perris, California. The property includes approximately 3,147 square feet of total building area and sits on a 0.17-acre lot.

This is a multifamily duplex-type asset, positioned for buyers looking for a residential income property within Riverside County. The information provided supports the overall property type, size, and lot area, with the remainder of the unit-specific details not included here.

For additional due diligence, interested parties should confirm the current configuration and any income, lease, or operating details directly related to the property before proceeding.

Key Highlights

  • Built in 2004 with central heating and central air
  • 7 bedrooms and 5 bathrooms
  • Public water supply and public sewer

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $80.4k $25.56
− Vacancy −$1.4k −$0.46
EGI $79.0k $25.10
− OpEx −$23.7k −$7.53
NOI $55.3k $17.57
3,147 SF · lease $25.56/SF/yr · vacancy 1.80% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$789.9K
$691.2K – $921.6K (±1% cap)
NOI $55,293 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$727.7K
$636.7K – $849.0K (±1% cap)
NOI $50,939 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$942.8K
$824.9K – $1.10M (±1% cap)
NOI $65,995 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Computer & Electronic Repair Daycare Center (Bike/Boat/Book/etc) Store Parking Lot & Garage Carpet & Flooring Store Gym & Fitness Center (Bike/Boat/Book/etc) Store Catering Service (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex-style residential income property for sale at 217 E 5th Street with 3,147 SF on a 0.17-acre lot.
Where is this duplex located?
The property is located at 217 E 5th Street Perris, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Built in 2004 with central heating and central air; 7 bedrooms and 5 bathrooms; Public water supply and public sewer
Contact an agent
More about this property
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