Triplex with Updated
For Sale
$600,000
2520-2524 W Victor Avenue, Visalia, CA 93277
Tenant-occupied multifamily property with a lawn area and cul-de-sac setting.
Property Size2,266 SF
Days on Market104
Property Features for 2520-2524 W Victor Avenue
General Information
Standard status
Active
Size
2,266 SF
Property subtype
Multi Family Home
Zoning
RM3
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Building Size
2,266 SF
Year Built
1984
Buildings
2
Units
3
Listing Agency:
Century 21 Select Real Estate
(559) 901-7387
Listed By:
Candido Alvarez
(559) 901-7387
Source:
Home-realty
Added: May 18
Changed: Aug 28
Last Checked: Aug 29 at 10:21AM
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 Century 21 Select Real Estate
Investment Insights
Based on property information with market context.
This 1984-built triplex at 2520-2524 W Victor Avenue includes two 2-bedroom, 1-bath residences and one 1-bedroom, 1-bath residence. The property has a newer roof, updated HVAC systems, and a spacious lawn area. It is currently tenant occupied and subject to inspection, with showings available only after an accepted offer.
The property is located in Southwest Visalia near the Sequoia Mall area and the Mooney Boulevard corridor. RM3 zoning supports its multifamily classification. The cul-de-sac setting, existing unit mix, and established improvements define the current configuration.
The property is located in Southwest Visalia near the Sequoia Mall area and the Mooney Boulevard corridor. RM3 zoning supports its multifamily classification. The cul-de-sac setting, existing unit mix, and established improvements define the current configuration.
Key Highlights
- Triplex with two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
- 1984‑built multifamily property with RM3 zoning
- Newer roof and updated HVAC systems
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
$20,475
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
3.41%
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%
$409,500
$409.5K
Cap Rate 7%
$292,500
$292.5K
Cap Rate 9%
$227,500
$227.5K
Market Conditions
NOI Build-Up for 2,266 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
$31.3K $13.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$29.3K $12.91/SF
− OpEx
−$8.8K −$3.87/SF
NOI
$20.5K $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 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%
$409,500
Cap Rate 7%
$292,500
Cap Rate 9%
$227,500
Alternative Uses
Best Use
Multifamily LT 5
$292.5K
$255.9K – $341.3K
NOI $20,475 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$268.8K
$235.2K – $313.6K
NOI $18,817 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$620.8K
$543.2K – $724.2K
NOI $43,453 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,062
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied multifamily property with a lawn area and cul-de-sac setting.
Where is this triplex located?
The property is located at 2520-2524 W Victor Avenue Visalia, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Triplex with two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; 1984‑built multifamily property with RM3 zoning; Newer roof and updated HVAC systems
