Accessible One-Level
For Sale
$425,000
48963 River Park Road Unit 13, Oakhurst, CA 93644
Three-unit property in Oakhurst with central heating and cooling plus single-level accessibility features.
Property Size2,460 SF
Price / SF$172.76
Days on Market161
Property Features for 48963 River Park Road Unit 13
General Information
Standard status
Active
Size
2,460 SF
Property subtype
Multi Family / Triplex
Lease Type
Net
Property Condition
Severity
Repairs Needed
Evidence
few minor adjustments needed
Additional Details
Asking Price
$425,000
Multifamily Units
3
Amenities
All units
One Unit
Central Heat/Cool, Window or Wall A/C
More than One Unit
Composition
Wood
Concrete Perimeter
Wheel Chair Access, Bathroom Fixtures, One Level Floor
Building Details
Year Built
1977
Listing Agency:
Summit Real Estate
(559) 760-2897
Listed By:
Terri L Worthington · License #01230294
(559) 760-2897
Source:
Compass
Added: Mar 24
Changed: Aug 30
Last Checked: Aug 30 at 8:42PM
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 Summit Real Estate
Investment Insights
Based on property information with market context.
This 2,460-square-foot triplex contains three residential units within a one-level configuration. The property includes central heat and cooling, along with window or wall air-conditioning equipment. Wheelchair-accessible features, bathroom fixtures, and a concrete perimeter are also noted.
Constructed in 1977, the building has composition and wood exterior materials and is located at 48963 River Park Road, Unit 13, in Oakhurst, California. The three-unit layout supports a range of owner-occupant and rental arrangements, subject to applicable requirements.
Constructed in 1977, the building has composition and wood exterior materials and is located at 48963 River Park Road, Unit 13, in Oakhurst, California. The three-unit layout supports a range of owner-occupant and rental arrangements, subject to applicable requirements.
Key Highlights
- 2,460 SF triplex with three residential units
- Built in 1977
- Central heat and cooling, with window or wall A/C
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
$27,113
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
6.38%
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%
$542,260
$542.3K
Cap Rate 7%
$387,329
$387.3K
Cap Rate 9%
$301,256
$301.3K
Market Conditions
NOI Build-Up for 2,460 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
$41.9K $17.04/SF
− Vacancy
−$3.2K −$1.30/SF
EGI
$38.7K $15.74/SF
− OpEx
−$11.6K −$4.72/SF
NOI
$27.1K $11.02/SF
Area
Madera County, CA
Vacancy
7.60%
Lease Rate
$17.04 /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%
$542,260
Cap Rate 7%
$387,329
Cap Rate 9%
$301,256
Alternative Uses
Best Use
Multifamily LT 5
$387.3K
$338.9K – $451.9K
NOI $27,113 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$358.5K
$313.7K – $418.2K
NOI $25,094 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$952.0K
$833.0K – $1.11M
NOI $66,640 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
Explore this area
Business Placement
Demographics for 93644, CA
7,751
Population
3,788
Households
2
Avg Household Size
52
Median Age
26%
College-Educated
91%
High-School Grad
117.1 sq mi
ZIP Area
66
Density / Sq Mi
$75,241
Median Household Income
$29,056
Median Earnings
$1,301
Median Rent
$378,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property in Oakhurst with central heating and cooling plus single-level accessibility features.
Where is this triplex located?
The property is located at 48963 River Park Road Unit 13 Oakhurst, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,460 SF triplex with three residential units; Built in 1977; Central heat and cooling, with window or wall A/C
