Four-Unit Residential Income
253 W Belleview Avenue Porterville, CA 93257
253 W Belleview Avenue, Porterville, CA, 93257
$825,000
For Sale
$825,000
MULTI_FAMILY - Porterville, CA
Property Size4,800 SF
Lot Size0.18 Acres
Price / SF$171.88
Days on Market134
Property Features for 253 W Belleview Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 13
- Bathrooms
- 8
- Rooms
- Bathroom 7, Bedroom 1, Bedroom 7, Bedroom 3, Bathroom 6, Bedroom 9, Bedroom 12, Bathroom 2, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 13, Bathroom 8, Bedroom 2, Bedroom 8, Bathroom 5, Bathroom 3, Bedroom 11, Bathroom 4, Bedroom 4, Bedroom 10
- Exterior features
- Courtyard
- Standard status
- Active
- APN
- 252094000000
- Size
- 4,800 SF
- Lot size
- 0.18 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1992
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Laminate, Carpet
- Roof type
- Composition
- Additional Structures
- Storage
Listing agency
Melson Realty, Inc.
(559) 788-2222
Listed by
Lynn Trice
(559) 359-0256
Added: Mar 11 Updated: Jul 22 at 3:31PM Checked: Jul 22 at 6:06PM
MLS# 240273
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 four-unit residential income property consists of a front house and a tri-plex with a total of four rental units. The front home features 4 bedrooms and 2 bathrooms, along with inside laundry. The tri-plex was built in 1992 and includes three units, each with 3 bedrooms and 2 bathrooms, with inside laundry in every unit. The property also offers carport and storage for all units, and it is fenced at both the front and back.
The property is located at 253 W Belleview Avenue in Porterville, California, within Tulare County.
The current setup allows for multiple rental configurations, including living in the front home while renting the three units in back, supported by the separate layout and on-site amenities for each unit.
The property is located at 253 W Belleview Avenue in Porterville, California, within Tulare County.
The current setup allows for multiple rental configurations, including living in the front home while renting the three units in back, supported by the separate layout and on-site amenities for each unit.
Key Highlights
- Tri‑plex built in 1992 plus an additional front house offering total rental income potential
- Front house: 4 bedrooms, 2 bathrooms, inside laundry
- Tri‑plex units: 3 bedrooms, 2 bathrooms each, with inside laundry in every unit
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 | $66.2k | $13.80 |
| − Vacancy | −$4.3k | −$0.89 |
| EGI | $62.0k | $12.91 |
| − OpEx | −$18.6k | −$3.87 |
| NOI | $43.4k | $9.04 |
4,800 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$619.6K
$542.2K – $722.9K
NOI $43,373 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$569.4K
$498.3K – $664.3K
NOI $39,860 @ 7.0% cap · market cap 4.83%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.70M
NOI $102,060 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-rental-unit property with a four-bedroom front home and three-bedroom tri-plex units, each with inside laundry.
Where is this quadplex located?
The property is located at 253 W Belleview Avenue Porterville, CA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Tri‑plex built in 1992 plus an additional front house offering total rental income potential; Front house: 4 bedrooms, 2 bathrooms, inside laundry; Tri‑plex units: 3 bedrooms, 2 bathrooms each, with inside laundry in every unit
