Spacious Duplex in Exeter,
411 E Prospect Avenue Exeter, CA 93221
For Sale
$449,000
Pending
MULTI_FAMILY - Exeter, CA
Property Size1,872 SF
Lot Size0.23 Acres
Days on Market60
Property Features for 411 E Prospect Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2
- Standard status
- Pending
- APN
- 136170026000
- Size
- 1,872 SF
- Lot size
- 0.23 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1993
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition
Listing Agency:
Melson Realty, Inc.
(559) 592-9939
Listed By:
Tricia Kirksey
(559) 280-5000
Added: May 26
Changed: Jun 9
Last Checked: Jul 24 at 7:06AM
MLS# 241917
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.
Located in Exeter, CA, the property at 411 & 413 E Prospect Avenue features a duplex with two separate units. Each unit includes 2 bedrooms, 1 bathroom, and a 1-car garage. The units feature vaulted ceilings that create a bright and open feel. The layouts are functional and suitable for comfortable living. Each side of the duplex has a nicely sized yard and ample parking. The property is situated on a lot of 0.23 acres and the building size is 1872 square feet. This property presents potential for investors or owner-occupants.
Key Highlights
- Duplex at 411 & 413 E Prospect with two separate units
- Each unit offers 2 bedrooms and 1 bathroom plus a 1‑car garage
- Vaulted ceilings in both units for a bright, open interior feel
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 | $25.8k | $13.80 |
| − Vacancy | −$1.7k | −$0.89 |
| EGI | $24.2k | $12.91 |
| − OpEx | −$7.2k | −$3.87 |
| NOI | $16.9k | $9.04 |
1,872 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$241.6K
$211.4K – $281.9K
NOI $16,915 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$222.1K
$194.3K – $259.1K
NOI $15,545 @ 7.0% cap · market cap 3.46%
Theoretical Best
Specialty Retail
$568.6K
$497.5K – $663.4K
NOI $39,803 @ 7.0% cap · market cap 8.86%
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 - Duplex with two units, garages, yards, investment or owner-occupancy.
Where is this duplex located?
The property is located at 411 E Prospect Avenue Exeter, CA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Duplex at 411 & 413 E Prospect with two separate units; Each unit offers 2 bedrooms and 1 bathroom plus a 1‑car garage; Vaulted ceilings in both units for a bright, open interior feel
