14-Unit Multifamily
New
For Sale
$1,800,000
636 E Roosevelt Avenue, Visalia, CA 93292
Residential Income, Visalia, CA
Property Size11,050 SF
Lot Size1.20 Acres
Price / SF$162.90
Days on Market1
Property Features for 636 E Roosevelt Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
19
Bathrooms
14
Full bathrooms
14
Rooms
Bedroom 4, Bedroom 11, Bedroom 5, Bathroom 5, Bathroom 7, Bedroom 9, Bedroom 3, Bedroom 1, Bedroom 12, Bedroom 8, Bedroom 13, Bedroom 6, Bathroom 4, Bathroom 9, Bathroom 6, Bathroom 13, Bedroom 15, Bathroom 14, Bedroom 16, Bathroom 8, Bedroom 7, Bedroom 10, Bedroom 19, Bathroom 1, Bedroom 18, Bathroom 11, Bathroom 10, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 17, Bathroom 12, Bedroom 14
Parking features
RV, Garage
Patio and Porch features
Porch, Patio
Lot features
Fencing
Directions
East of Santa Fe on Northside of Roosevelt
Subdivision
Visalia NW
Standard status
Active
APN
094130051
Size
11,050 SF
Lot size
1.20 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Number of units
14
Flooring type
Carpet, Combination, Laminate
Building materials
Stucco, Wood Siding
Roof type
Composition
Listing Agency:
The Equity Group
(559) 732-8800
Listed By:
Franklin J Romine · License #01367450
(559) 804-4422
Added: Sep 24
Last Checked: Sep 24 at 5:06PM
MLS# 244294
Copyright © 2026 Tulare County MLS. 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 11,050-square-foot multifamily property contains 14 units across nine buildings: four standalone homes and five duplexes. The unit mix includes eight one-bedroom, one-bathroom residences and six two-bedroom, one-bathroom residences. Improvements include replacement roofs, dual-pane windows, new stucco and siding, fresh paint throughout, and several newer HVAC units. Each residence has a private backyard. The grounds also feature asphalt driveways, a garage for owner storage, and a gated, fenced gravel yard of approximately 6,000 square feet with a pole shed.
Built in 1978, the property has public water and sewer service. Construction materials include stucco and wood siding.
Built in 1978, the property has public water and sewer service. Construction materials include stucco and wood siding.
Key Highlights
- 14 units in nine buildings: four homes and five duplexes
- Unit mix: eight 1‑bedroom/1‑bathroom units and six 2‑bedroom/1‑bathroom units
- 11,050 square feet on the property
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
$91,761
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
5.10%
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%
$1,835,220
$1.8M
Cap Rate 7%
$1,310,871
$1.3M
Cap Rate 9%
$1,019,567
$1.0M
Market Conditions
NOI Build-Up for 11,050 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
$179.0K $16.20/SF
− Vacancy
−$12.2K −$1.10/SF
EGI
$166.8K $15.10/SF
− OpEx
−$75.1K −$6.79/SF
NOI
$91.8K $8.30/SF
Area
Visalia, CA
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,835,220
Cap Rate 7%
$1,310,871
Cap Rate 9%
$1,019,567
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,761 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.03M
$2.65M – $3.53M
NOI $211,895 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Explore this area
Business Placement
Demographics for 93292, CA
43,316
Population
15,028
Households
2.9
Avg Household Size
34
Median Age
18%
College-Educated
84%
High-School Grad
114.7 sq mi
ZIP Area
378
Density / Sq Mi
$80,784
Median Household Income
$40,834
Median Earnings
$1,418
Median Rent
$330,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Nine buildings comprise four homes and five duplexes, with private backyards for every unit.
Where is this multifamily property located?
The property is located at 636 E Roosevelt Avenue Visalia, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 14 units in nine buildings: four homes and five duplexes; Unit mix: eight 1‑bedroom/1‑bathroom units and six 2‑bedroom/1‑bathroom units; 11,050 square feet on the property
