4-Unit Quadplex with
For Sale
$609,900
Pending
221 Northwest 3rd Avenue, Visalia, CA 93291
Fully occupied multifamily property with central air and covered parking for the residential units.
Property Size3,552 SF
Days on Market94
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Property Features for 221 Northwest 3rd Avenue
General Information
Standard status
Pending
Size
3,552 SF
Property subtype
Residential Income / Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
Central Air
Central
4.0
8
4
No
Composition
Covered
Building Details
Year Built
1978
Buildings
1
Units
4
Listing Agency:
Pimentel Realty Group
Listed By:
Lino Pimentel · License #01051048
(559) 799-1300
Source:
Compass
Added: Jul 14
Changed: Oct 13
Last Checked: Oct 15 at 1:24AM
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 Pimentel Realty Group
Investment Insights
Based on property information with market context.
This 3,552-square-foot quadplex contains four residential units, each configured with two bedrooms and one bathroom. The property was built in 1978 and includes carports, covered exterior features, central air, and central heating. All four units are currently occupied.
Located at 221 Northwest 3rd Avenue in Visalia, the property is minutes from Downtown Visalia and Riggins, with shopping, restaurants, fast food, sports parks, and entertainment nearby.
Located at 221 Northwest 3rd Avenue in Visalia, the property is minutes from Downtown Visalia and Riggins, with shopping, restaurants, fast food, sports parks, and entertainment nearby.
Key Highlights
- Four‑unit quadplex with all units fully occupied
- 3,552 square feet with four residential units
- Each unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,096
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,920
$641.9K
Cap Rate 7%
$458,514
$458.5K
Cap Rate 9%
$356,622
$356.6K
Market Conditions
NOI Build-Up for 3,552 SF
Gross rent
$49.0K $13.80/SF
− Vacancy
−$3.2K −$0.89/SF
EGI
$45.9K $12.91/SF
− OpEx
−$13.8K −$3.87/SF
NOI
$32.1K $9.04/SF
Area
Visalia, CA
Vacancy
6.46%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,920
Cap Rate 7%
$458,514
Cap Rate 9%
$356,622
Alternative Uses
Best Use
Multifamily LT 5
$458.5K
$401.2K – $534.9K
NOI $32,096 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$421.4K
$368.7K – $491.6K
NOI $29,496 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$973.0K
$851.4K – $1.14M
NOI $68,113 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
Explore this area
Business Placement
Demographics for 93291, CA
63,366
Population
19,866
Households
3.2
Avg Household Size
32
Median Age
24%
College-Educated
81%
High-School Grad
84.2 sq mi
ZIP Area
753
Density / Sq Mi
$81,502
Median Household Income
$41,778
Median Earnings
$1,331
Median Rent
$381,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily property with central air and covered parking for the residential units.
Where is this quadplex located?
The property is located at 221 Northwest 3rd Avenue Visalia, CA.
What is the asking price?
The asking price for this property is $609,900.
What are key features of this property?
This property features: Four‑unit quadplex with all units fully occupied; 3,552 square feet with four residential units; Each unit includes 2 bedrooms and 1 bathroom
