Four-Unit Multifamily
For Sale
$1,200,000
175 S 19Th Avenue, Lemoore, CA 93245
Four-unit multifamily property in Lemoore, suitable for investors or owner-occupants seeking rental income.
Property Size4,220 SF
Price / SF$284.36
Days on Market125
Property Features for 175 S 19Th Avenue
General Information
Standard status
Active
Size
4,220 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1964
Tenancy
Multi
Listing Agency:
Real Broker
(559) 474-7832
Listed By:
Jorge Cuevas · License #02021802
(559) 474-7832
Source:
Exitrealty
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 11 at 6:34AM
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 Real Broker
Investment Insights
Based on property information with market context.
This four-unit multifamily property is offered for sale as a four-plex style residential income asset. It is positioned to serve both investors and owner-occupants looking for a small-scale portfolio or a property with multiple rental units.
The property is located in Lemoore and described as convenient to everyday amenities including shopping, dining, and schools. It is also noted to be near major commuter routes, supporting straightforward day-to-day access for residents.
From a tenant and operator perspective, the property’s four separate units can help diversify occupancy within a single building. For investors, it represents a focused multifamily holding; for owner-occupants, it may offer a way to live in one unit while generating rental income from the remaining units, based on the property’s existing four-unit configuration.
The property is located in Lemoore and described as convenient to everyday amenities including shopping, dining, and schools. It is also noted to be near major commuter routes, supporting straightforward day-to-day access for residents.
From a tenant and operator perspective, the property’s four separate units can help diversify occupancy within a single building. For investors, it represents a focused multifamily holding; for owner-occupants, it may offer a way to live in one unit while generating rental income from the remaining units, based on the property’s existing four-unit configuration.
Key Highlights
- 4‑unit multifamily property in Lemoore
- Year built: 1964
- Located near shopping, dining, schools, and major commuter routes
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
$51,762
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
4.31%
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%
$1,035,240
$1.0M
Cap Rate 7%
$739,457
$739.5K
Cap Rate 9%
$575,133
$575.1K
Market Conditions
NOI Build-Up for 4,220 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
$77.5K $18.36/SF
− Vacancy
−$3.5K −$0.84/SF
EGI
$73.9K $17.52/SF
− OpEx
−$22.2K −$5.26/SF
NOI
$51.8K $12.27/SF
Area
Kings County, CA
Vacancy
4.56%
Lease Rate
$18.36 /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%
$1,035,240
Cap Rate 7%
$739,457
Cap Rate 9%
$575,133
Alternative Uses
Best Use
Multifamily LT 5
$739.5K
$647.0K – $862.7K
NOI $51,762 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$659.1K
$576.7K – $768.9K
NOI $46,136 @ 7.0% cap · market cap 3.84%
Theoretical Best
Healthcare Medical
$1.33M
$1.17M – $1.56M
NOI $93,329 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Explore this area
Business Placement
Demographics for 93245, CA
38,045
Population
12,995
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
84%
High-School Grad
118.9 sq mi
ZIP Area
320
Density / Sq Mi
$78,181
Median Household Income
$40,279
Median Earnings
$1,470
Median Rent
$324,100
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?
Quadplex - Four-unit multifamily property in Lemoore, suitable for investors or owner-occupants seeking rental income.
Where is this quadplex located?
The property is located at 175 S 19Th Avenue Lemoore, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4‑unit multifamily property in Lemoore; Year built: 1964; Located near shopping, dining, schools, and major commuter routes
