Triplex with Updated
For Sale
$600,000
2520-2524 W Victor Avenue, Visalia, CA 93277
Residential Income, Visalia, CA
Property Size2,266 SF
Lot Size0.21 Acres
Price / SF$264.78
Days on Market104
Property Features for 2520-2524 W Victor Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
RM3
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 2
Parking features
Carport
Directions
From Hwy 198 exit Mooney Blvd and travel southbound to Caldwell Avenue. Turn east on Caldwell to Woodland Drive. Turn right, North on Woodland Drive to Victor Ave. Turn right, east on Victor. Triplex will be on the left side as you enter the cul-de-sac.
Subdivision
Visalia SW
Standard status
Active
APN
121352020000
Size
2,266 SF
Lot size
0.21 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
lawn area
Building Details
Year built
1984
Floors in Building
1
Number of units
3
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
Century 21 Select Real Estate · Century 21 Real Estate
(559) 733-9696
Listed By:
Candido Alvarez
(559) 901-7387
Added: May 18
Changed: Aug 27
Last Checked: Aug 29 at 4:06PM
MLS# 241742
Copyright © 2026 Tulare County MLS. 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 tenant-occupied triplex contains 2,266 square feet across three residential units: two two-bedroom, one-bath residences and one one-bedroom, one-bath residence. Built in 1984, the property has wood siding, a shingle roof, central air conditioning, forced-air heating, and central heating. A newer roof, updated HVAC systems, carport parking, and a spacious lawn area are also included. The property is positioned on a cul-de-sac in Southwest Visalia near the Sequoia Mall area and the Mooney Boulevard corridor. Nearby commercial development includes restaurants and retail uses. Public water and public sewer serve the property, and the owner currently pays for trash, sewer, water, and lawn maintenance.
Key Highlights
- Three‑unit configuration with two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
- 2,266‑square‑foot multifamily property on 0.21 acres
- 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
Property Profile
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 two larger units, one smaller unit, carport parking, and a shared lawn area.
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: Three‑unit configuration with two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; 2,266‑square‑foot multifamily property on 0.21 acres; Newer roof and updated HVAC systems
