Turn-Key Rental Homes
25250 Rd 216 Lindsay, CA 93247
For Sale
$799,000
MULTI_FAMILY - Lindsay, CA
Property Size5,556 SF
Lot Size1.54 Acres
Price / SF$143.81
Days on Market47
Property Features for 25250 Rd 216
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 13
- Bathrooms
- 8
- Rooms
- Bathroom 8, Bedroom 1, Bedroom 8, Bathroom 5, Bathroom 7, Bedroom 3, Bathroom 4, Bedroom 10, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 13, Bathroom 6, Bedroom 5, Bedroom 12, Bedroom 2, Bedroom 11, Bathroom 3, Bedroom 9, Bathroom 1
- Standard status
- Active
- APN
- 142140021
- Size
- 5,556 SF
- Lot size
- 1.54 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace, Natural Gas, Floor Furnace
- Cooling system
- Window Unit(s), Electric, Evaporative Cooling, Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 2008
- Floors in Building
- 1
- Number of units
- 5
- Roof type
- Composition
Listing Agency:
The Equity Group
(559) 732-8800
Listed By:
Franklin J Romine · License #DRE #01957844
(559) 804-4422
Added: Jun 8
Changed: Jul 16
Last Checked: Jul 24 at 4:06AM
MLS# 242196
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 for-sale rental package consists of five homes on three separate parcels totaling more than 1.54 acres. Two of the residences are modern 3-bedroom, 2-bath homes built in 2008, each offering nearly 1,300 square feet of living space. The remaining three homes were built between 1960 and 1970 and range from 875 to 1,216 square feet.
All five homes are currently fully rented with long-term tenants, many of whom have been in place for over ten years. The property reports a strong gross monthly income of $5,600. Utilities are structured with tenants paying for electricity and trash, and tenants also pay for water.
For investors or owner-operators seeking a turn-key residential income setup, the mix of newer and older homes provides a diversified footprint within a single acquisition. The current tenancy and operating structure are designed to support day-to-day stability, and the listing also notes room to expand and the potential to add more units.
All five homes are currently fully rented with long-term tenants, many of whom have been in place for over ten years. The property reports a strong gross monthly income of $5,600. Utilities are structured with tenants paying for electricity and trash, and tenants also pay for water.
For investors or owner-operators seeking a turn-key residential income setup, the mix of newer and older homes provides a diversified footprint within a single acquisition. The current tenancy and operating structure are designed to support day-to-day stability, and the listing also notes room to expand and the potential to add more units.
Key Highlights
- 5 homes on three separate parcels totaling 1.54+ acres, including two modern 3BR/2BA homes built in 2008 and three older homes built 1960–1970
- Two 2008 homes offer nearly 1,300 SF each (3BR/2BA) with all five homes fully rented by long‑term tenants
- Rents in place generate $5,600 gross monthly income; many tenants have been in place for 10+ years
Financial Insights For Apartment 5plus
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 | $90.0k | $16.20 |
| − Vacancy | −$6.1k | −$1.10 |
| EGI | $83.9k | $15.10 |
| − OpEx | −$37.7k | −$6.79 |
| NOI | $46.1k | $8.30 |
5,556 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$659.1K
$576.7K – $769.0K
NOI $46,138 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,134 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five fully rented homes across three parcels, with tenants paying electricity, trash, and water.
Where is this apartment building located?
The property is located at 25250 Rd 216 Lindsay, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5 homes on three separate parcels totaling 1.54+ acres, including two modern 3BR/2BA homes built in 2008 and three older homes built 1960–1970; Two 2008 homes offer nearly 1,300 SF each (3BR/2BA) with all five homes fully rented by long‑term tenants; Rents in place generate $5,600 gross monthly income; many tenants have been in place for 10+ years
