Turnkey Fourplex in
2432 S Sallee Visalia, CA 93277
For Sale
$800,000
MULTI_FAMILY - Visalia, CA
Property Size4,018 SF
Lot Size0.23 Acres
Price / SF$199.10
Days on Market113
Property Features for 2432 S Sallee
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
8
Rooms
Bedroom 4, Bathroom 7, Bedroom 8, Bedroom 2, Bathroom 2, Bathroom 6, Bedroom 6, Bathroom 8, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 7, Bathroom 5
Parking features
Carport, Covered
Exterior features
Stucco, Wood, Brick
Standard status
Active
APN
121240005
Size
4,018 SF
Lot size
0.23 Acres
Building Details
Year built
1974
Floors in Building
2
Number of units
4
Roof type
Shake
Listing Agency:
Realty Concepts, Ltd. - Fresno
(559) 490-1500
Listed By:
Ryan Higton · License #01957204
(559) 490-1500
Added: Apr 8
Changed: Jul 29
Last Checked: Jul 29 at 7:06PM
MLS# 646714
Copyright © 2026 Fresno Association of Realtors. 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 is an opportunity to own a turnkey fourplex located in Visalia, California. The property has been renovated and is fully occupied with solid rental rates. The property size is 4018 square feet and the lot size is 0.2278 acres. This fourplex can be sold along with the fourplex just south of this property that is also for sale, offering a chance to build an investment portfolio.
Key Highlights
- Fourplex with a total of 8 bedrooms and 8 bathrooms (Bedrooms 1–8, Bathrooms 1–8)
- Built in 1974
- Exterior features include stucco, wood, and brick
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.4k | $13.80 |
| − Vacancy | −$3.6k | −$0.89 |
| EGI | $51.9k | $12.91 |
| − OpEx | −$15.6k | −$3.87 |
| NOI | $36.3k | $9.04 |
4,018 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$518.7K
$453.8K – $605.1K
NOI $36,307 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$476.7K
$417.1K – $556.1K
NOI $33,366 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.10M
$963.1K – $1.28M
NOI $77,049 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Renovated fourplex with solid rental rates in Visalia, CA.
Where is this quadplex located?
The property is located at 2432 S Sallee Visalia, CA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Fourplex with a total of 8 bedrooms and 8 bathrooms (Bedrooms 1–8, Bathrooms 1–8); Built in 1974; Exterior features include stucco, wood, and brick
