Two-Unit Townhouse-Style
For Sale
$338,000
1526 8th Street, Firebaugh, CA 93622
Corner property with matching rental units, central heating and cooling, fenced grounds, and shared covered parking.
Property Size2,050 SF
Price / SF$164.88
Days on Market203
Property Features for 1526 8th Street
General Information
Standard status
Active
Size
2,050 SF
Property subtype
Multi Family / Duplex
Lease Type
Net
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Amenities
laundry room
All units
All Units
Central Heat/Cool
Fenced
Other
Stucco, Wood
Concrete Perimeter
Corner
Building Details
Year Built
1972
Listing Agency:
Guarantee Real Estate
(559) 977-7871
Listed By:
Jason W Garrett · License #01305215
(559) 977-7871
Source:
Compass
Added: Feb 8
Changed: Aug 30
Last Checked: Aug 30 at 9:21AM
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 Guarantee Real Estate
Investment Insights
Based on property information with market context.
Located at 1526 8th Street in Firebaugh, this 1972 duplex contains 2,050 square feet arranged as two matching units. Each residence offers 1,025 square feet with two bedrooms, 1.5 bathrooms, an open kitchen, a generous living area, and a laundry room on the lower level. The townhouse-style configuration provides a consistent layout across both units, while central heat and cooling serve the property.
Exterior features include stucco and wood finishes, a concrete perimeter, fencing, and a corner position. Both units use a shared covered carport for off-street parking. The neighboring duplex at 807 O Street is also offered for sale under MLS 643580, providing a nearby property reference for purchasers evaluating the two assets together.
Exterior features include stucco and wood finishes, a concrete perimeter, fencing, and a corner position. Both units use a shared covered carport for off-street parking. The neighboring duplex at 807 O Street is also offered for sale under MLS 643580, providing a nearby property reference for purchasers evaluating the two assets together.
Key Highlights
- Two matching units, each with 1,025 square feet
- 2,050‑square‑foot duplex built in 1972
- Each unit includes 2 bedrooms and 1.5 bathrooms
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
$27,136
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
8.03%
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%
$542,720
$542.7K
Cap Rate 7%
$387,657
$387.7K
Cap Rate 9%
$301,511
$301.5K
Market Conditions
NOI Build-Up for 2,050 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
$41.3K $20.16/SF
− Vacancy
−$2.6K −$1.25/SF
EGI
$38.8K $18.91/SF
− OpEx
−$11.6K −$5.67/SF
NOI
$27.1K $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%
$542,720
Cap Rate 7%
$387,657
Cap Rate 9%
$301,511
Alternative Uses
Best Use
Multifamily LT 5
$387.7K
$339.2K – $452.3K
NOI $27,136 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$370.3K
$324.0K – $432.1K
NOI $25,923 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$581.0K
$508.4K – $677.9K
NOI $40,671 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 93622, CA
9,884
Population
2,966
Households
3.3
Avg Household Size
30
Median Age
4%
College-Educated
42%
High-School Grad
455.3 sq mi
ZIP Area
22
Density / Sq Mi
$46,510
Median Household Income
$28,417
Median Earnings
$924
Median Rent
$236,100
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?
Duplex - Corner property with matching rental units, central heating and cooling, fenced grounds, and shared covered parking.
Where is this duplex located?
The property is located at 1526 8th Street Firebaugh, CA.
What is the asking price?
The asking price for this property is $338,000.
What are key features of this property?
This property features: Two matching units, each with 1,025 square feet; 2,050‑square‑foot duplex built in 1972; Each unit includes 2 bedrooms and 1.5 bathrooms
