Duplex Residential Income
For Sale
$515,000
45741 Smurr Street, Indio, CA 92201
MULTI_FAMILY - Indio, CA
Property Size1,048 SF
Lot Size0.17 Acres
Price / SF$491.41
Days on Market163
Property Features for 45741 Smurr Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
Parking
4
Parking features
Assigned
View
City, Desert
Subdivision
311 - Indio Central
Standard status
Active
APN
219009917
Size
1,048 SF
Lot size
0.17 Acres
Building Details
Year built
1967
Floors in Building
1
Number of units
2
Flooring type
Laminate
Listing Agency:
Berkshire Hathaway HomeServices California Properties
(760) 564-9575
Listed By:
Josie Gomez
(760) 485-4525
Added: Mar 6
Changed: Jul 27
Last Checked: Aug 16 at 6:06AM
MLS# 219144393
Copyright © 2026 California Desert Association of REALTORS®. 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.
This for-sale duplex is located in downtown Indio, offering an income-focused residential configuration on a 0.17-acre lot (1,048 square feet). The property is presented as a duplex, providing two-unit residential income potential within a neighborhood experiencing active downtown change.
The area described in the remarks includes a new three-story City Hall and library, along with extensive infrastructure upgrades on Oasis Street. The property is also positioned near the expanding Boulevard 111 corridor and is surrounded by new mixed-use residential and commercial developments. Additional retail and dining options cited include the Green Shopping Center and new additions such as Chick-fil-A, Dutch Bros, and Starbucks.
Address: 45741 Smurr Street, Indio, CA 92201.
The area described in the remarks includes a new three-story City Hall and library, along with extensive infrastructure upgrades on Oasis Street. The property is also positioned near the expanding Boulevard 111 corridor and is surrounded by new mixed-use residential and commercial developments. Additional retail and dining options cited include the Green Shopping Center and new additions such as Chick-fil-A, Dutch Bros, and Starbucks.
Address: 45741 Smurr Street, Indio, CA 92201.
Key Highlights
- Duplex built in 1967
- Laminate flooring
- Assigned parking
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
$18,413
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
3.58%
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%
$368,260
$368.3K
Cap Rate 7%
$263,043
$263.0K
Cap Rate 9%
$204,589
$204.6K
Market Conditions
NOI Build-Up for 1,048 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
$26.8K $25.56/SF
− Vacancy
−$482 −$0.46/SF
EGI
$26.3K $25.10/SF
− OpEx
−$7.9K −$7.53/SF
NOI
$18.4K $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%
$368,260
Cap Rate 7%
$263,043
Cap Rate 9%
$204,589
Alternative Uses
Best Use
Multifamily LT 5
$263.0K
$230.2K – $306.9K
NOI $18,413 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$242.3K
$212.0K – $282.7K
NOI $16,963 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$314.0K
$274.7K – $366.3K
NOI $21,977 @ 7.0% cap · market cap 4.27%
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
1,312
Businesses Nearby
Explore this area
Business Placement
Demographics for 92201, CA
66,989
Population
26,241
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
16.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$66,663
Median Household Income
$35,527
Median Earnings
$1,349
Median Rent
$372,800
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 - For-sale duplex on a 0.17-acre lot in downtown Indio, positioned amid ongoing infrastructure and mixed-use development.
Where is this duplex located?
The property is located at 45741 Smurr Street Indio, CA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Duplex built in 1967; Laminate flooring; Assigned parking
