Updated Triplex with Attached
New
For Sale
$599,600
574 N 6th, Banning, CA 92220
Three residential units offer flexible occupancy, updated interiors, separate utility metering, and on-site laundry.
Property Size2,224 SF
Days on Market5
Property Features for 574 N 6th
General Information
Standard status
Active
Size
2,224 SF
Property subtype
Investment
Additional Details
Utilities to Site
Yes
Amenities
on-site laundry facilities
Building Details
Building Size
2,224 SF
Year Built
1960
Tenancy
Multi
Listing Agency:
Family Tree Realty & Investments, Inc.
(888) 982-8733
Listed By:
Joseph Estrada · License #01400441
(888) 982-8733
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 3 at 5:32AM
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 Family Tree Realty & Investments, Inc.
Investment Insights
Based on property information with market context.
This 1960 triplex includes a two-bedroom, one-bath main residence and two one-bedroom, one-bath units. The main residence is vacant and features an attached garage with existing plumbing. Recent interior paint and flooring improvements extend throughout all three units. Two units have mini-split HVAC systems, and on-site laundry facilities serve the property.
The property has three gas meters, three electric meters, and two water meters. Tenants pay their own gas and electric utilities. The main residence and one additional unit are vacant, while the other two units are tenant-occupied, creating flexibility for an owner-occupant or rental operation. Located at 574 N 6th in Banning, California, the property has a Walk Score of 20 and a Bike Score of 39.
The property has three gas meters, three electric meters, and two water meters. Tenants pay their own gas and electric utilities. The main residence and one additional unit are vacant, while the other two units are tenant-occupied, creating flexibility for an owner-occupant or rental operation. Located at 574 N 6th in Banning, California, the property has a Walk Score of 20 and a Bike Score of 39.
Key Highlights
- Triplex with one 2‑bedroom, 1‑bath residence and two 1‑bedroom, 1‑bath units
- Built in 1960 with new interior paint and flooring throughout all three units
- Main residence is vacant and includes an attached garage with existing plumbing
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.8k | $25.56 |
| − Vacancy | −$1.0k | −$0.46 |
| EGI | $55.8k | $25.10 |
| − OpEx | −$16.7k | −$7.53 |
| NOI | $39.1k | $17.57 |
2,224 SF · lease $25.56/SF/yr · vacancy 1.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$558.2K
$488.5K – $651.3K
NOI $39,076 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$514.3K
$450.0K – $600.0K
NOI $35,999 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$666.3K
$583.0K – $777.3K
NOI $46,639 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
Explore this area
Business Placement
Demographics for 92220, CA
32,947
Population
13,258
Households
2.5
Avg Household Size
43
Median Age
17%
College-Educated
82%
High-School Grad
141.3 sq mi
ZIP Area
233
Density / Sq Mi
$59,116
Median Household Income
$35,428
Median Earnings
$1,499
Median Rent
$324,800
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?
Triplex - Three residential units offer flexible occupancy, updated interiors, separate utility metering, and on-site laundry.
Where is this triplex located?
The property is located at 574 N 6th Banning, CA.
What is the asking price?
The asking price for this property is $599,600.
What are key features of this property?
This property features: Triplex with one 2‑bedroom, 1‑bath residence and two 1‑bedroom, 1‑bath units; Built in 1960 with new interior paint and flooring throughout all three units; Main residence is vacant and includes an attached garage with existing plumbing
