Triplex with Central Heat and
For Sale
$545,000
2532 West Chestnut Court, Visalia, CA 93277
Vacant three-unit property with maintained interiors and outdoor patio space for residential use.
Property Size2,483 SF
Price / SF$219.49
Days on Market164
Property Features for 2532 West Chestnut Court
General Information
Standard status
Active
Size
2,483 SF
Property subtype
Multi Family / Triplex
Lease Type
Net
Amenities
Central Heat/Cool
Composition
Wood
Concrete Perimeter
Building Details
Year Built
1984
Listing Agency:
RE/MAX Success
(559) 731-4835
Listed By:
Trini Diaz · License #01757280
(559) 731-4835
Source:
Compass
Added: Mar 21
Changed: Aug 30
Last Checked: Aug 30 at 11:32PM
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 RE/MAX Success
Investment Insights
Based on property information with market context.
This three-unit residential income property was built in 1984 and is currently vacant throughout. The units feature central heating and cooling, clean interiors, and functional living areas. Outdoor patio space provides an additional residential amenity, while the property’s composition and wood exterior with a concrete perimeter complete the existing improvements.
Located at 2532 West Chestnut Court in Visalia, California, the property offers flexibility for immediate occupancy or leasing across all three units. With every unit available, a new owner can establish tenancy arrangements from the outset or occupy one unit while leasing the others.
Located at 2532 West Chestnut Court in Visalia, California, the property offers flexibility for immediate occupancy or leasing across all three units. With every unit available, a new owner can establish tenancy arrangements from the outset or occupy one unit while leasing the others.
Key Highlights
- Three‑unit triplex with all units currently vacant
- Built in 1984
- Central heat and cooling
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
$22,436
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
4.12%
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%
$448,720
$448.7K
Cap Rate 7%
$320,514
$320.5K
Cap Rate 9%
$249,289
$249.3K
Market Conditions
NOI Build-Up for 2,483 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
$34.3K $13.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$32.1K $12.91/SF
− OpEx
−$9.6K −$3.87/SF
NOI
$22.4K $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 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%
$448,720
Cap Rate 7%
$320,514
Cap Rate 9%
$249,289
Alternative Uses
Best Use
Multifamily LT 5
$320.5K
$280.5K – $373.9K
NOI $22,436 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$294.6K
$257.7K – $343.7K
NOI $20,619 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$680.2K
$595.2K – $793.6K
NOI $47,614 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Vacant three-unit property with maintained interiors and outdoor patio space for residential use.
Where is this triplex located?
The property is located at 2532 West Chestnut Court Visalia, CA.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Three‑unit triplex with all units currently vacant; Built in 1984; Central heat and cooling
