Four-Unit Duplex
For Sale
$929,500
36 N G St, Porterville, CA 93257
Two neighboring duplex buildings offer professionally managed residential units near downtown and major commuter routes.
Property Size3,700 SF
Price / SF$251.22
Days on Market245
Property Features for 36 N G St
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Sprinkler System
Yes
Building Details
Buildings
2
Listing Agency:
Westwood Realty
(310) 975-7671
Listed By:
Aziz Hasnain
(310) 975-7671
Source:
Exprealty
Added: Dec 28, 2025
Changed: Aug 21
Last Checked: Aug 29 at 2:27PM
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 Westwood Realty
Investment Insights
Based on property information with market context.
This multifamily property comprises two neighboring duplex buildings at 36-38 N. G Street and 40-42 N. G Street in Porterville. Together, the buildings provide approximately 3,700 square feet of living space across four 2-bedroom, 1-bathroom units. Professional management is already in place for the property.
Recent improvements include new exterior paint, energy-efficient windows, sprinkler systems, and landscaping. The location provides access to downtown, major commuter routes, shopping centers, schools, parks, and everyday amenities, supporting convenient residential occupancy in a central Porterville setting.
Recent improvements include new exterior paint, energy-efficient windows, sprinkler systems, and landscaping. The location provides access to downtown, major commuter routes, shopping centers, schools, parks, and everyday amenities, supporting convenient residential occupancy in a central Porterville setting.
Key Highlights
- Four total units across two neighboring duplex buildings
- Approximately 3,700 square feet of combined living space
- Each unit offers 2 bedrooms and 1 bathroom
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
$33,433
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
3.60%
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%
$668,660
$668.7K
Cap Rate 7%
$477,614
$477.6K
Cap Rate 9%
$371,478
$371.5K
Market Conditions
NOI Build-Up for 3,700 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
$51.1K $13.80/SF
− Vacancy
−$3.3K −$0.89/SF
EGI
$47.8K $12.91/SF
− OpEx
−$14.3K −$3.87/SF
NOI
$33.4K $9.04/SF
Area
Tulare County, 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%
$668,660
Cap Rate 7%
$477,614
Cap Rate 9%
$371,478
Alternative Uses
Best Use
Multifamily LT 5
$477.6K
$417.9K – $557.2K
NOI $33,433 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$438.9K
$384.1K – $512.1K
NOI $30,725 @ 7.0% cap · market cap 3.31%
Theoretical Best
Specialty Retail
$1.12M
$983.4K – $1.31M
NOI $78,671 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
Explore this area
Business Placement
Demographics for 93257, CA
79,569
Population
25,020
Households
3.2
Avg Household Size
31
Median Age
15%
College-Educated
69%
High-School Grad
378.9 sq mi
ZIP Area
210
Density / Sq Mi
$58,261
Median Household Income
$30,344
Median Earnings
$1,086
Median Rent
$276,400
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 - Two neighboring duplex buildings offer professionally managed residential units near downtown and major commuter routes.
Where is this duplex located?
The property is located at 36 N G St Porterville, CA.
What is the asking price?
The asking price for this property is $929,500.
What are key features of this property?
This property features: Four total units across two neighboring duplex buildings; Approximately 3,700 square feet of combined living space; Each unit offers 2 bedrooms and 1 bathroom
