Duplex with Attached
For Sale
$535,000
Pending
41844 Briarwood Avenue, Hemet, CA 92544
Spacious two-unit duplex with attached car garages, indoor laundry areas, and private yards for each unit.
Property Size2,240 SF
Days on Market254
Property Features for 41844 Briarwood Avenue
General Information
Standard status
Pending
Size
2,240 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1971
Tenancy
Multi
Listing Agency:
Centaline Investment Inc
(909) 565-0445
Listed By:
Xiaoming Ye · License #02196580
(909) 565-0445
Source:
Exitrealty
Added: Dec 18, 2025
Changed: Aug 8
Last Checked: Jul 25 at 6:57AM
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 Centaline Investment Inc
Investment Insights
Based on property information with market context.
This very spacious duplex offers two separate 2-bedroom, 2-bath residences in a total of approximately 2,240 square feet, with each unit roughly 1,120 square feet. Each unit includes a large living room and a kitchen with an eating area, plus an indoor laundry area. Both homes also have a yard, providing outdoor space directly with the residence. The property has been freshly painted, supporting a clean, move-in-ready feel.
The duplex is located on Briarwood Avenue in Hemet. Public remarks indicate it is within walking distance to local shopping centers, which can be convenient for day-to-day needs.
For buyers seeking a residential income property, the layout supports separate living arrangements with consistent unit configurations across both units. The attached car garages, indoor laundry areas, and per-unit yards are practical features for tenant satisfaction and daily usability. Fresh interior painting can also help reduce immediate turnover-related work. This is a straightforward, two-unit duplex offering a balanced combination of comfort-focused interiors and convenient parking and outdoor space.
The duplex is located on Briarwood Avenue in Hemet. Public remarks indicate it is within walking distance to local shopping centers, which can be convenient for day-to-day needs.
For buyers seeking a residential income property, the layout supports separate living arrangements with consistent unit configurations across both units. The attached car garages, indoor laundry areas, and per-unit yards are practical features for tenant satisfaction and daily usability. Fresh interior painting can also help reduce immediate turnover-related work. This is a straightforward, two-unit duplex offering a balanced combination of comfort-focused interiors and convenient parking and outdoor space.
Key Highlights
- 1971‑built 2‑unit duplex with a total 2,240 SF; each unit is approx. 1,120 SF
- Each unit features 2 bedrooms, 2 bathrooms, a large living room, and a kitchen with eating area
- Attached car garages with indoor laundry areas in each unit
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
$39,357
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
7.36%
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%
$787,140
$787.1K
Cap Rate 7%
$562,243
$562.2K
Cap Rate 9%
$437,300
$437.3K
Market Conditions
NOI Build-Up for 2,240 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
$57.3K $25.56/SF
− Vacancy
−$1.0K −$0.46/SF
EGI
$56.2K $25.10/SF
− OpEx
−$16.9K −$7.53/SF
NOI
$39.4K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /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%
$787,140
Cap Rate 7%
$562,243
Cap Rate 9%
$437,300
Alternative Uses
Best Use
Multifamily LT 5
$562.2K
$492.0K – $656.0K
NOI $39,357 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$518.0K
$453.2K – $604.3K
NOI $36,258 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$671.1K
$587.2K – $782.9K
NOI $46,975 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Explore this area
Business Placement
Demographics for 92544, CA
50,007
Population
17,568
Households
2.8
Avg Household Size
37
Median Age
14%
College-Educated
81%
High-School Grad
170.8 sq mi
ZIP Area
293
Density / Sq Mi
$67,011
Median Household Income
$37,785
Median Earnings
$1,530
Median Rent
$356,200
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 - Spacious two-unit duplex with attached car garages, indoor laundry areas, and private yards for each unit.
Where is this duplex located?
The property is located at 41844 Briarwood Avenue Hemet, CA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 1971‑built 2‑unit duplex with a total 2,240 SF; each unit is approx. 1,120 SF; Each unit features 2 bedrooms, 2 bathrooms, a large living room, and a kitchen with eating area; Attached car garages with indoor laundry areas in each unit
