Remodeled Duplex with Private
For Sale
$425,000
Pending
2022 Sylvia ST, Selma, CA 93662
Two separately accessed residences offer updated interiors, individual outdoor space, and dedicated mini-split climate control.
Property Size1,647 SF
Days on Market74
Property Features for 2022 Sylvia ST
General Information
Standard status
Pending
Size
1,647 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Amenities
private entrance
fenced yard
mini-split heating and cooling system
Building Details
Year Built
1932
Listing Agency:
Gentile Real Estate
(559) 434-4999
Listed By:
Bryanne L. Wilder-Kelley · License #DRE #02173291
(559) 387-0559
Source:
Exitrealty
Added: Aug 2
Changed: Oct 3
Last Checked: Oct 2 at 6:49PM
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 Gentile Real Estate
Investment Insights
Based on property information with market context.
This remodeled duplex contains two separate residences within a 1,647-square-foot property built in 1932. Each home has a private entrance and fenced yard, creating distinct living areas for occupants. Recent improvements include new kitchens, updated bathrooms, new flooring, fresh interior paint, and contemporary finishes throughout. Separate energy-efficient mini-split systems provide heating and cooling for each residence.
The property is located in Selma near schools, parks, shopping, and dining, with access to major commuter routes. Its two-home configuration and separately controlled systems support flexible occupancy arrangements, including living in one residence while using the other for rental income, as explicitly contemplated in the property information.
The property is located in Selma near schools, parks, shopping, and dining, with access to major commuter routes. Its two-home configuration and separately controlled systems support flexible occupancy arrangements, including living in one residence while using the other for rental income, as explicitly contemplated in the property information.
Key Highlights
- Two separate residences with private entrances
- Fenced yard provided for each home
- 1,647 square feet on a 1932‑built property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,801
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,020
$436.0K
Cap Rate 7%
$311,443
$311.4K
Cap Rate 9%
$242,233
$242.2K
Market Conditions
NOI Build-Up for 1,647 SF
Gross rent
$33.2K $20.16/SF
− Vacancy
−$2.1K −$1.25/SF
EGI
$31.1K $18.91/SF
− OpEx
−$9.3K −$5.67/SF
NOI
$21.8K $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 Rate 5%
$436,020
Cap Rate 7%
$311,443
Cap Rate 9%
$242,233
Alternative Uses
Best Use
Multifamily LT 5
$311.4K
$272.5K – $363.4K
NOI $21,801 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$297.5K
$260.3K – $347.1K
NOI $20,827 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$466.8K
$408.5K – $544.6K
NOI $32,676 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Explore this area
Business Placement
Demographics for 93662, CA
30,774
Population
9,810
Households
3.1
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
77.9 sq mi
ZIP Area
395
Density / Sq Mi
$56,735
Median Household Income
$34,406
Median Earnings
$1,220
Median Rent
$297,800
Median Home Value
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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?
Duplex - Two separately accessed residences offer updated interiors, individual outdoor space, and dedicated mini-split climate control.
Where is this duplex located?
The property is located at 2022 Sylvia ST Selma, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two separate residences with private entrances; Fenced yard provided for each home; 1,647 square feet on a 1932‑built property
