Two-Unit Residential Income
1522 E Springville Avenue Porterville, CA 93257
New
For Sale
$270,000
MULTI_FAMILY - Porterville, CA
Property Size1,200 SF
Lot Size0.20 Acres
Price / SF$225
Days on Market2
Property Features for 1522 E Springville Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
- Parking features
- Garage
- Appliances
- Gas Oven, Gas Range, Water Heater
- Standard status
- Active
- APN
- 262120018000
- Size
- 1,200 SF
- Lot size
- 0.20 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Evaporative Cooling, Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1946
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Linoleum
- Roof type
- Composition
- Additional Structures
- Storage
Listing Agency:
Five Star Realty
(559) 527-1500
Listed By:
Maria Chavez · License #01352863
(559) 361-0802
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 6:06AM
MLS# 243049
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 two separate residential units on one lot. The front house is a 1-bedroom, 1-bath bungalow with a fenced front yard and a large backyard, plus laundry hook-ups. The rear house is a 2-bedroom, 2-bath home with its own laundry area, an extra room, a covered patio, a very nice front yard, and a large backyard.
Both homes have divided areas and their own separate parking areas. The front home also includes road frontage.
The property is listed for sale in Porterville, CA, at 1522 E Springville Avenue.
Both homes have divided areas and their own separate parking areas. The front home also includes road frontage.
The property is listed for sale in Porterville, CA, at 1522 E Springville Avenue.
Key Highlights
- Own 2 houses on one lot with separate, divided areas and separate parking areas
- Front house: 1 bed/1 bath bungalow with fenced front yard, large backyard, and laundry hook‑ups
- Rear house: 2 bed/2 bath with its own laundry area, extra room, covered patio, and large backyard
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 | $16.6k | $13.80 |
| − Vacancy | −$1.1k | −$0.89 |
| EGI | $15.5k | $12.91 |
| − OpEx | −$4.6k | −$3.87 |
| NOI | $10.8k | $9.04 |
1,200 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$154.9K
$135.5K – $180.7K
NOI $10,843 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$142.4K
$124.6K – $166.1K
NOI $9,965 @ 7.0% cap · market cap 3.69%
Theoretical Best
Specialty Retail
$364.5K
$318.9K – $425.3K
NOI $25,515 @ 7.0% cap · market cap 9.45%
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 on one lot with a 1-bedroom front home and a 2-bedroom rear home, each with separate parking areas.
Where is this duplex located?
The property is located at 1522 E Springville Avenue Porterville, CA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Own 2 houses on one lot with separate, divided areas and separate parking areas; Front house: 1 bed/1 bath bungalow with fenced front yard, large backyard, and laundry hook‑ups; Rear house: 2 bed/2 bath with its own laundry area, extra room, covered patio, and large backyard
