279 S Dode Ave, Farmersville, CA 93223

Building Details

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Listing Agency: Legacy Real Estate Inc j***@yahoo.com Show Phone

Listed By: Jenny Madrid Show Phone

Source: Exprealty

Added: Jul 30 Changed: Oct 25 Last Checked: Nov 8 at 11:17AM

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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 Legacy Real Estate Inc

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Investment Insights

Based on property information with market context.

This single-story apartment property contains six one-bedroom, one-bathroom residences totaling approximately 3,270 square feet on a 0.36-acre lot. Interior and exterior paint updates provide a consistent finish across the units, while separate entrances support resident access and day-to-day management. On-site parking is also included.

The property is located at 279 S Dode Ave in Farmersville, near schools, parks, shopping, and dining. Visalia is a short drive away, with access to the broader Central Valley and Sequoia National Park. The uniform unit configuration and compact single-story layout offer a straightforward multifamily property profile.

Key Highlights

• Six one‑bedroom, one‑bathroom apartment units
• Approximately 3,270 square feet on a 0.36‑acre lot
• Single‑story layout with individual unit entrances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,154

Cap Rate

4.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$543,080 $543.1K

Cap Rate 7%

$387,914 $387.9K

Cap Rate 9%

$301,711 $301.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,270 SF

Gross rent

$53.0K $16.20/SF

− Vacancy

−$3.6K −$1.10/SF

EGI

$49.4K $15.10/SF

− OpEx

−$22.2K −$6.79/SF

NOI

$27.2K $8.30/SF

Area

Tulare County, CA

Vacancy

6.80%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$543,080

Cap Rate 7%

$387,914

Cap Rate 9%

$301,711

Alternative Uses

Best Use

Apartment 5plus

$387.9K

$339.4K – $452.6K (±1% cap)

NOI $27,154 @ 7.0% cap · market cap 4.72%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$993.3K

$869.1K – $1.16M (±1% cap)

NOI $69,528 @ 7.0% cap · market cap 12.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

6

Residential units

Location Intelligence

Trade Area within ½ mile

307

Businesses Nearby

Explore this area Business Placement

Demographics for 93223, CA

10,487

Population

2,699

Households

3.9

Avg Household Size

30

Median Age

5%

College-Educated

59%

High-School Grad

3.1 sq mi

ZIP Area

3,383

Density / Sq Mi

$57,463

Median Household Income

$27,265

Median Earnings

$1,034

Median Rent

$237,700

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Apartment building - Refreshed interiors and individual entrances serve a consistent one-bedroom, one-bathroom unit mix.

Where is this apartment building located?

The property is located at 279 S Dode Ave Farmersville, CA.

What is the asking price?

The asking price for this property is $574,900.

What are key features of this property?

This property features: Six one‑bedroom, one‑bathroom apartment units; Approximately 3,270 square feet on a 0.36‑acre lot; Single‑story layout with individual unit entrances