Four-Unit Quadplex with
For Sale
$699,950
Pending
1210 Sanger Ave, Sanger, CA 93657
Residential income property with spacious layouts, private garages, and in-unit laundry hookups.
Property Size3,904 SF
Days on Market158
Property Features for 1210 Sanger Ave
General Information
Standard status
Pending
Size
3,904 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
3 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
4
Amenities
washer-dryer hookups
Listing Agency:
Century 21 Cheney Enterprises
(559) 360-5179
Listed By:
Dan Cheney · License #00696437
(559) 360-5179
Source:
Exprealty
Added: Mar 26
Changed: Aug 29
Last Checked: Aug 29 at 2:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Cheney Enterprises
Investment Insights
Based on property information with market context.
This 3,904-square-foot quadplex contains four residential units: three two-bedroom, one-bath units and one larger three-bedroom, two-bath unit. Each residence offers a generous floor plan, interior washer-dryer hookups, and a garage. One unit has also undergone a full recent remodel.
Property improvements include new exterior paint, a replacement roof, and new AC units completed about 5 years ago. The property is located at 1210 Sanger Ave in Sanger, California.
Property improvements include new exterior paint, a replacement roof, and new AC units completed about 5 years ago. The property is located at 1210 Sanger Ave in Sanger, California.
Key Highlights
- Four residential units totaling 3,904 square feet
- Unit mix includes three 2‑bed/1‑bath units and one 3‑bed/2‑bath unit
- Every unit includes washer‑dryer hookups inside and a garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,677
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,033,540
$1.0M
Cap Rate 7%
$738,243
$738.2K
Cap Rate 9%
$574,189
$574.2K
Market Conditions
NOI Build-Up for 3,904 SF
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.
Gross rent
$78.7K $20.16/SF
− Vacancy
−$4.9K −$1.25/SF
EGI
$73.8K $18.91/SF
− OpEx
−$22.1K −$5.67/SF
NOI
$51.7K $13.24/SF
Area
Fresno County, CA
Vacancy
6.20%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,033,540
Cap Rate 7%
$738,243
Cap Rate 9%
$574,189
Alternative Uses
Best Use
Multifamily LT 5
$738.2K
$646.0K – $861.3K
NOI $51,677 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$705.3K
$617.1K – $822.8K
NOI $49,368 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$1.11M
$968.2K – $1.29M
NOI $77,454 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Explore this area
Business Placement
Demographics for 93657, CA
37,464
Population
11,677
Households
3.2
Avg Household Size
34
Median Age
15%
College-Educated
76%
High-School Grad
225.8 sq mi
ZIP Area
166
Density / Sq Mi
$77,655
Median Household Income
$37,574
Median Earnings
$1,123
Median Rent
$382,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with spacious layouts, private garages, and in-unit laundry hookups.
Where is this quadplex located?
The property is located at 1210 Sanger Ave Sanger, CA.
What is the asking price?
The asking price for this property is $699,950.
What are key features of this property?
This property features: Four residential units totaling 3,904 square feet; Unit mix includes three 2‑bed/1‑bath units and one 3‑bed/2‑bath unit; Every unit includes washer‑dryer hookups inside and a garage
