Remodeled Residential Income
15338 Road 223 Porterville, CA 93257
15338 Road 223, Porterville, CA, 93257
$315,000
For Sale
$315,000
MULTI_FAMILY - Porterville, CA
Property Size1,680 SF
Lot Size0.54 Acres
Price / SF$187.50
Days on Market33
Property Features for 15338 Road 223
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 2
- Standard status
- Active
- APN
- 240092016000
- Size
- 1,680 SF
- Lot size
- 0.54 Acres
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1972
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition
Listing agency
Five Star Realty
(559) 527-1500
Listed by
Hector Godinez
(559) 350-8328
Added: Jun 19 Updated: Jul 20 at 8:14PM Checked: Jul 21 at 9:06AM
MLS# 242459
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 at 15338 Road 223 in Porterville, this residential income property includes a fully remodeled mobile home as the primary unit and a separate second unit on the same lot. The main unit offers 4 bedrooms and 2 bathrooms and is described as move-in ready, with private front and back yards. A pristine 2-bedroom, 1-bath second unit also sits on the property with its own yard.
The property is reported to have all public utilities connected and totals about 0.54 acres. With multiple rental options available immediately, the lot size also provides room to expand for additional units or a separate home, subject to applicable requirements.
The listing describes the mobile home as 1,600+ square feet, and the property is reported at 1,680 square feet total.
The property is reported to have all public utilities connected and totals about 0.54 acres. With multiple rental options available immediately, the lot size also provides room to expand for additional units or a separate home, subject to applicable requirements.
The listing describes the mobile home as 1,600+ square feet, and the property is reported at 1,680 square feet total.
Key Highlights
- Over half‑acre lot with two rental options: a remodeled mobile home plus a separate 2‑bedroom, 1‑bath second unit on the same property.
- Remodeled mobile home features 4 bedrooms and 2 baths and is 1600+ sq ft with private front and back yards.
- Second unit includes 2 bedrooms and 1 bath with its own yard.
Local 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 | $23.2k | $13.80 |
| − Vacancy | −$1.5k | −$0.89 |
| EGI | $21.7k | $12.91 |
| − OpEx | −$6.5k | −$3.87 |
| NOI | $15.2k | $9.04 |
1,680 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$216.9K
$189.8K – $253.0K
NOI $15,180 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$199.3K
$174.4K – $232.5K
NOI $13,951 @ 7.0% cap · market cap 4.43%
Theoretical Best
Specialty Retail
$510.3K
$446.5K – $595.4K
NOI $35,721 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two rental units on one lot, including a fully remodeled 4-bedroom mobile home and a separate 2-bedroom second unit.
Where is this duplex located?
The property is located at 15338 Road 223 Porterville, CA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Over half‑acre lot with two rental options: a remodeled mobile home plus a separate 2‑bedroom, 1‑bath second unit on the same property.; Remodeled mobile home features 4 bedrooms and 2 baths and is 1600+ sq ft with private front and back yards.; Second unit includes 2 bedrooms and 1 bath with its own yard.
