Two-Home Multifamily
For Sale
$375,000
200 N B, Exeter, CA 93221
Two residences share one parcel, each with its own address and flexible occupancy options.
Property Size1,880 SF
Days on Market236
Property Features for 200 N B
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
Evaporative Cooling
Ceiling Fan(s)
Shingle
Building Details
Building Size
1,880 SF
Year Built
1939
Listing Agency:
AXEN Realty
Listed By:
Gustavo Rodriguez
(559) 333-0250
Source:
Kw
Added: Feb 21
Changed: Oct 15
Last Checked: Oct 14 at 9:29PM
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 AXEN Realty
Investment Insights
Based on property information with market context.
This multifamily property includes two homes situated on a single parcel, with an individual address assigned to each residence. The arrangement provides separate residential spaces within one ownership structure. Interior features include evaporative cooling and ceiling fans, while shingle exteriors are present. The property was built in 1939 and is located at 200 N B in Exeter, California.
Key Highlights
- Two homes located on one parcel
- Each residence has an individual address
- Evaporative cooling and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,612
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,240
$312.2K
Cap Rate 7%
$223,029
$223.0K
Cap Rate 9%
$173,467
$173.5K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$30.5K $16.20/SF
− Vacancy
−$2.1K −$1.10/SF
EGI
$28.4K $15.10/SF
− OpEx
−$12.8K −$6.79/SF
NOI
$15.6K $8.30/SF
Area
Tulare County, CA
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,240
Cap Rate 7%
$223,029
Cap Rate 9%
$173,467
Alternative Uses
Best Use
Apartment 5plus
$223.0K
$195.2K – $260.2K
NOI $15,612 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$571.1K
$499.7K – $666.2K
NOI $39,974 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Explore this area
Business Placement
Demographics for 93221, CA
15,024
Population
5,046
Households
3
Avg Household Size
37
Median Age
19%
College-Educated
85%
High-School Grad
132.1 sq mi
ZIP Area
114
Density / Sq Mi
$84,121
Median Household Income
$39,138
Median Earnings
$1,267
Median Rent
$324,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences share one parcel, each with its own address and flexible occupancy options.
Where is this multifamily property located?
The property is located at 200 N B Exeter, CA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two homes located on one parcel; Each residence has an individual address; Evaporative cooling and ceiling fans
