Energy-Efficient 2-Bed
For Sale
$580,000
Pending
3122 E Tulare Avenue, Visalia, CA 93292
MULTI_FAMILY - Visalia, CA
Property Size1,910 SF
Lot Size0.20 Acres
Days on Market158
Property Features for 3122 E Tulare Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 4, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 2
Parking features
Garage
Interior features
Ceiling Fan(s), Recessed Lighting
Appliances
Dishwasher, Disposal, Free-Standing Range
Lot features
Landscaped
Directions
North on Lovers Lane -right on E. Tulare
Subdivision
Visalia NE
Standard status
Pending
APN
000000000
Size
1,910 SF
Lot size
0.20 Acres
Taxes and HOA fees
HOA Fee
$170 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
solar panels
yard
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Laminate, Carpet
Building materials
Stucco
Roof type
Composition
Listing Agency:
Melson Realty, Inc.
(559) 788-2222
Listed By:
Renee Teeters
(559) 920-2089
Added: Mar 26
Changed: Aug 19
Last Checked: Aug 30 at 4:06AM
MLS# 240609
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.
New construction energy-efficient duplex under construction, offering a two-bedroom, two-bath layout designed for comfort and efficient living. The interior includes an open-concept layout with natural light, quartz countertops, sleek cabinetry, and durable luxury vinyl flooring with carpet in the bedrooms. Recessed lighting and ceiling fans are included, along with central heating and central air.
The property is built with stucco and a composition roof and includes an attached 1-car garage. Public water and public sewer service support the home. The exterior offers a low-maintenance yard. Energy-efficient systems and paid for solar panels are included to help reduce utility costs.
The duplex is planned for completion in 2026 and is served by a garage-based parking setup with indoor-outdoor style living supported by the open-concept interior.
The property is built with stucco and a composition roof and includes an attached 1-car garage. Public water and public sewer service support the home. The exterior offers a low-maintenance yard. Energy-efficient systems and paid for solar panels are included to help reduce utility costs.
The duplex is planned for completion in 2026 and is served by a garage-based parking setup with indoor-outdoor style living supported by the open-concept interior.
Key Highlights
- Under construction duplex with 2026 completion
- Two‑bedroom, two‑bath energy‑efficient layout
- Quartz countertops with sleek cabinetry
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
$17,259
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
2.98%
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%
$345,180
$345.2K
Cap Rate 7%
$246,557
$246.6K
Cap Rate 9%
$191,767
$191.8K
Market Conditions
NOI Build-Up for 1,910 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
$26.4K $13.80/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$24.7K $12.91/SF
− OpEx
−$7.4K −$3.87/SF
NOI
$17.3K $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%
$345,180
Cap Rate 7%
$246,557
Cap Rate 9%
$191,767
Alternative Uses
Best Use
Multifamily LT 5
$246.6K
$215.7K – $287.7K
NOI $17,259 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$226.6K
$198.3K – $264.4K
NOI $15,861 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$523.2K
$457.8K – $610.4K
NOI $36,626 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Explore this area
Business Placement
Demographics for 93292, CA
43,316
Population
15,028
Households
2.9
Avg Household Size
34
Median Age
18%
College-Educated
84%
High-School Grad
114.7 sq mi
ZIP Area
378
Density / Sq Mi
$80,784
Median Household Income
$40,834
Median Earnings
$1,418
Median Rent
$330,600
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?
Duplex - Under-construction duplex features a two-bedroom, two-bath layout with attached 1-car garage and energy-efficient systems with solar.
Where is this duplex located?
The property is located at 3122 E Tulare Avenue Visalia, CA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Under construction duplex with 2026 completion; Two‑bedroom, two‑bath energy‑efficient layout; Quartz countertops with sleek cabinetry
