Renovated
For Sale
$800,000
2440 S Sallee St, Visalia, CA 93277
Four residential units provide a renovated rental property configuration in Visalia.
Property Size4,138 SF
Price / SF$193.33
Days on Market48
Property Features for 2440 S Sallee St
General Information
Standard status
Active
Size
4,138 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1974
Listing Agency:
Realty Concepts, Ltd. - Fresno
(559) 490-1500
Listed By:
Ryan Higton · License #DRE #01957204
(559) 903-3880
Source:
Exitrealty
Added: Sep 2
Changed: Oct 7
Last Checked: Oct 7 at 10:02AM
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 Realty Concepts, Ltd. - Fresno
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Investment Insights
Based on property information with market context.
This quadplex contains four residential units within 4,138 square feet. The property was built in 1974, and each unit has been renovated, creating a refreshed multifamily configuration for rental use.
Located at 2440 S Sallee St in Visalia, California, the property may also be acquired with another fourplex situated just north of it. The additional fourplex is separately offered for sale, providing a potential two-property acquisition for a buyer seeking multiple multifamily assets.
Located at 2440 S Sallee St in Visalia, California, the property may also be acquired with another fourplex situated just north of it. The additional fourplex is separately offered for sale, providing a potential two-property acquisition for a buyer seeking multiple multifamily assets.
Key Highlights
- Four‑unit quadplex with 4,138 square feet
- All four units have been renovated
- Built in 1974
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,391
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,820
$747.8K
Cap Rate 7%
$534,157
$534.2K
Cap Rate 9%
$415,456
$415.5K
Market Conditions
NOI Build-Up for 4,138 SF
Gross rent
$57.1K $13.80/SF
− Vacancy
−$3.7K −$0.89/SF
EGI
$53.4K $12.91/SF
− OpEx
−$16.0K −$3.87/SF
NOI
$37.4K $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%
$747,820
Cap Rate 7%
$534,157
Cap Rate 9%
$415,456
Alternative Uses
Best Use
Multifamily LT 5
$534.2K
$467.4K – $623.2K
NOI $37,391 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$490.9K
$429.5K – $572.7K
NOI $34,362 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.13M
$991.9K – $1.32M
NOI $79,350 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
Explore this area
Business Placement
Demographics for 93277, CA
53,196
Population
19,434
Households
2.7
Avg Household Size
37
Median Age
23%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,350
Density / Sq Mi
$79,532
Median Household Income
$43,555
Median Earnings
$1,406
Median Rent
$320,500
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 - Four residential units provide a renovated rental property configuration in Visalia.
Where is this quadplex located?
The property is located at 2440 S Sallee St 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: Four‑unit quadplex with 4,138 square feet; All four units have been renovated; Built in 1974
