Listing Agency: Suite One Real Estate Services, Inc. Show Phone

Listed By: Brian P. Ferguson Show Phone

Source: Exprealty

Added: Oct 8 Changed: Oct 19 Last Checked: Oct 20 at 9:39PM

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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 Suite One Real Estate Services, Inc.

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Investment Insights

Based on property information with market context.

This 2,542-square-foot triplex contains three residences: one with two bedrooms and two with one bedroom each. The main unit has been remodeled throughout.

The property is on Trinity Avenue in Chowchilla, near downtown.

Key Highlights

• Three‑unit residential property with a 2,542‑square‑foot building
• Unit mix includes one 2‑bedroom unit and two 1‑bedroom units
• Main residence remodeled throughout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,017

Cap Rate

7.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$560,340 $560.3K

Cap Rate 7%

$400,243 $400.2K

Cap Rate 9%

$311,300 $311.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,542 SF

Gross rent

$43.3K $17.04/SF

− Vacancy

−$3.3K −$1.30/SF

EGI

$40.0K $15.74/SF

− OpEx

−$12.0K −$4.72/SF

NOI

$28.0K $11.02/SF

Area

Madera County, CA

Vacancy

7.60%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$560,340

Cap Rate 7%

$400,243

Cap Rate 9%

$311,300

Alternative Uses

Best Use

Multifamily LT 5

$400.2K

$350.2K – $467.0K (±1% cap)

NOI $28,017 @ 7.0% cap · market cap 7.05%

Second Best

Apartment 5plus

$370.4K

$324.1K – $432.2K (±1% cap)

NOI $25,931 @ 7.0% cap · market cap 6.52%

Theoretical Best

Office A

$983.7K

$860.8K – $1.15M (±1% cap)

NOI $68,862 @ 7.0% cap · market cap 17.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

352

Businesses Nearby

Explore this area Business Placement

Demographics for 93610, CA

23,859

Population

6,029

Households

4

Avg Household Size

36

Median Age

16%

College-Educated

77%

High-School Grad

263.2 sq mi

ZIP Area

91

Density / Sq Mi

$66,567

Median Household Income

$28,125

Median Earnings

$1,239

Median Rent

$342,000

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Triplex - The configuration includes one two-bedroom residence and two one-bedroom units.

Where is this triplex located?

The property is located at 1404 Trinity Ave Chowchilla, CA.

What is the asking price?

The asking price for this property is $397,500.

What are key features of this property?

This property features: Three‑unit residential property with a 2,542‑square‑foot building; Unit mix includes one 2‑bedroom unit and two 1‑bedroom units; Main residence remodeled throughout