Duplex Income
23072 Bruce Drive Strathmore, CA 93267
For Sale
$265,000
MULTI_FAMILY - Strathmore, CA
Property Size1,368 SF
Lot Size0.14 Acres
Price / SF$193.71
Days on Market449
Property Features for 23072 Bruce Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
- Standard status
- Active
- APN
- 215072019000
- Size
- 1,368 SF
- Lot size
- 0.14 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Window Unit(s), Evaporative Cooling, Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition
Listing Agency:
Joy Realty Group
(559) 310-4415
Listed By:
Ruben Benitez
(559) 804-1557
Added: May 1, 2025
Changed: Jul 18
Last Checked: Jul 23 at 6:06PM
MLS# 234996
Copyright © 2026 Tulare County MLS. 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.
This duplex offers flexible residential income possibilities, with two units that operate on separate gas and electricity meters while sharing a water meter. The property is sized at 1,368 square feet total.
Located in Strathmore, the home is described as being near schools and grocery shopping, with easy access to Highway 65.
The duplex configuration supports a variety of occupancy and rental arrangements based on the separate utility metering for each unit, which can simplify billing and unit-level operations.
Located in Strathmore, the home is described as being near schools and grocery shopping, with easy access to Highway 65.
The duplex configuration supports a variety of occupancy and rental arrangements based on the separate utility metering for each unit, which can simplify billing and unit-level operations.
Key Highlights
- Duplex with two separate gas and electricity meters and a shared water meter
- Heating includes wall furnace; cooling options include window unit(s) and evaporative cooling
- Year built: 1940
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 | $18.9k | $13.80 |
| − Vacancy | −$1.2k | −$0.89 |
| EGI | $17.7k | $12.91 |
| − OpEx | −$5.3k | −$3.87 |
| NOI | $12.4k | $9.04 |
1,368 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$176.6K
$154.5K – $206.0K
NOI $12,361 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$162.3K
$142.0K – $189.3K
NOI $11,360 @ 7.0% cap · market cap 4.29%
Theoretical Best
Specialty Retail
$415.5K
$363.6K – $484.8K
NOI $29,087 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate units share water service and each has its own gas and electricity meters.
Where is this duplex located?
The property is located at 23072 Bruce Drive Strathmore, CA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Duplex with two separate gas and electricity meters and a shared water meter; Heating includes wall furnace; cooling options include window unit(s) and evaporative cooling; Year built: 1940
