Duplex with Detached
For Sale
$417,000
510 E 3rd St, Calexico, CA 92231
MULTI_FAMILY - Calexico, CA
Property Size1,899 SF
Lot Size0.16 Acres
Price / SF$219.59
Days on Market65
Property Features for 510 E 3rd St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SFR
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1
Directions
East on 3rd
Subdivision
530
Standard status
Active
APN
058-531-017-000
Size
1,899 SF
Lot size
0.16 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1973
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic
Roof type
Composition, Shingle
Listing Agency:
American Group Realtors
(760) 768-8808
Listed By:
Manuel Hernandez · License #01527088
(760) 768-8808
Added: Jun 17
Changed: Aug 2
Last Checked: Aug 20 at 5:06AM
MLS# 26848849IC
Copyright © 2026 Imperial County 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.
Duplex with an additional detached casita in the rear. The main home offers three bedrooms, and the detached casita includes a kitchen and one bedroom, providing flexibility for rental income, multi-generational living, or extended family use. The property features alley access to the rear unit.
Built in 1973, the home is heated and cooled with central systems. Ceramic tile flooring is noted, and the roof is described as composition/shingle. The property sits on a 0.16-acre lot and is listed as 1,899 square feet.
Built in 1973, the home is heated and cooled with central systems. Ceramic tile flooring is noted, and the roof is described as composition/shingle. The property sits on a 0.16-acre lot and is listed as 1,899 square feet.
Key Highlights
- 0.16‑acre duplex with 1,899 SF total area
- Three‑bedroom main home plus detached rear casita with kitchen and one bedroom
- Alley access to the rear 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
$16,998
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
4.08%
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%
$339,960
$340.0K
Cap Rate 7%
$242,829
$242.8K
Cap Rate 9%
$188,867
$188.9K
Market Conditions
NOI Build-Up for 1,899 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
$25.1K $13.20/SF
− Vacancy
−$785 −$0.41/SF
EGI
$24.3K $12.79/SF
− OpEx
−$7.3K −$3.84/SF
NOI
$17.0K $8.95/SF
Area
Imperial County, CA
Vacancy
3.13%
Lease Rate
$13.20 /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%
$339,960
Cap Rate 7%
$242,829
Cap Rate 9%
$188,867
Alternative Uses
Best Use
Multifamily LT 5
$242.8K
$212.5K – $283.3K
NOI $16,998 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$225.1K
$197.0K – $262.6K
NOI $15,756 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$484.4K
$423.9K – $565.2K
NOI $33,909 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
Explore this area
Business Placement
Demographics for 92231, CA
39,542
Population
11,799
Households
3.4
Avg Household Size
36
Median Age
21%
College-Educated
65%
High-School Grad
68.6 sq mi
ZIP Area
576
Density / Sq Mi
$50,114
Median Household Income
$26,738
Median Earnings
$1,049
Median Rent
$281,600
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 - Duplex on a 0.16-acre lot with a three-bedroom main home and detached rear casita, central HVAC, and alley access.
Where is this duplex located?
The property is located at 510 E 3rd St Calexico, CA.
What is the asking price?
The asking price for this property is $417,000.
What are key features of this property?
This property features: 0.16‑acre duplex with 1,899 SF total area; Three‑bedroom main home plus detached rear casita with kitchen and one bedroom; Alley access to the rear unit
