Duplex with Detached
For Sale
$749,000
217 E 5th Street, Perris, CA 92570
MULTI_FAMILY - Perris, CA
Property Size3,147 SF
Lot Size0.17 Acres
Price / SF$238
Days on Market106
Property Features for 217 E 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Laundry Room, Bathroom 5, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 7, Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1
Lot features
2-5 Units/ Acre
Elementary school district
Perris Union High
Middle school district
Perris Union High
High school district
Perris Union High
Directions
S Perris Blvd / 5th Street
Subdivision
SRCAR - Southwest Riverside County
Standard status
Active
APN
310043023
Size
3,147 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Number of units
2
Listing Agency:
KELLER WILLIAMS RIVERSIDE CENT · Keller Williams Realty
(951) 776-5700
Listed By:
LAURA VAZQUEZ · License #02013418
(951) 552-4496
Added: May 3
Changed: Aug 16
Last Checked: Aug 16 at 8:06PM
MLS# IV26097646
Copyright © 2026 California Regional Multiple Listing Service, Inc. 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.
This duplex-style property includes a main residence with five bedrooms and three bathrooms, along with a legal detached ADU featuring three bedrooms and two bathrooms. The main home is described as move-in ready and provides versatile space for flexible living arrangements. Central heating and central air are in place for year-round comfort.
The property sits on a 0.17-acre lot and includes 3,147 square feet of living space. Built in 2004, it is served by public water and public sewer.
With two separate living areas under one property, this configuration can support owner-occupancy with supplemental rental use or dedicated leasing of the detached ADU.
The property sits on a 0.17-acre lot and includes 3,147 square feet of living space. Built in 2004, it is served by public water and public sewer.
With two separate living areas under one property, this configuration can support owner-occupancy with supplemental rental use or dedicated leasing of the detached ADU.
Key Highlights
- Legal detached ADU with three bedrooms and two bathrooms
- Main residence with five bedrooms and three bathrooms
- 3,147 square feet total living space
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
$55,293
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
7.38%
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%
$1,105,860
$1.1M
Cap Rate 7%
$789,900
$789.9K
Cap Rate 9%
$614,367
$614.4K
Market Conditions
NOI Build-Up for 3,147 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
$80.4K $25.56/SF
− Vacancy
−$1.4K −$0.46/SF
EGI
$79.0K $25.10/SF
− OpEx
−$23.7K −$7.53/SF
NOI
$55.3K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /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%
$1,105,860
Cap Rate 7%
$789,900
Cap Rate 9%
$614,367
Alternative Uses
Best Use
Multifamily LT 5
$789.9K
$691.2K – $921.6K
NOI $55,293 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$727.7K
$636.7K – $849.0K
NOI $50,939 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$942.8K
$824.9K – $1.10M
NOI $65,995 @ 7.0% cap · market cap 8.81%
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
848
Businesses Nearby
Explore this area
Business Placement
Demographics for 92570, CA
59,015
Population
15,590
Households
3.8
Avg Household Size
32
Median Age
10%
College-Educated
68%
High-School Grad
106.3 sq mi
ZIP Area
555
Density / Sq Mi
$77,570
Median Household Income
$34,671
Median Earnings
$1,461
Median Rent
$419,800
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 - Duplex-style setup with a legal detached ADU, central heating and cooling, plus public water and sewer.
Where is this duplex located?
The property is located at 217 E 5th Street Perris, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Legal detached ADU with three bedrooms and two bathrooms; Main residence with five bedrooms and three bathrooms; 3,147 square feet total living space
