Quadplex with Private Fenced
For Sale
$655,000
726 N Mooney Boulevard, Visalia, CA 93291
Four residential units offer individual fenced outdoor areas and a mix of updated interiors.
Property Size3,563 SF
Days on Market183
Property Features for 726 N Mooney Boulevard
General Information
Standard status
Active
Size
3,563 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Amenities
private fenced backyard
Evaporative Cooling
Central Air
Ceiling Fan(s)
Varies by Unit
Microwave
Oven
Range
Patio, Porch, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Composition
Building Details
Building Size
3,563 SF
Year Built
1956
Listing Agency:
Berkshire Hathaway HomeServices California Realty
(559) 936-8144
Listed By:
Cynthia L Kennemer · License #01730399
Source:
Kw
Added: Feb 28
Changed: Aug 29
Last Checked: Aug 29 at 8:29PM
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 Berkshire Hathaway HomeServices California Realty
Investment Insights
Based on property information with market context.
This four-unit residential property combines a primary home with three additional units. Several residences have been remodeled with updated finishes, while individual fenced backyard areas provide private outdoor space for each unit. Interior features vary by unit and include central air, evaporative cooling, ceiling fans, microwaves, ovens, and ranges.
Built in 1956, the property has connected electricity, natural gas, sewer, and water services. Exterior improvements include patios, porches, and composition roofing. Long-term tenants are in place, providing established occupancy across the multi-unit configuration.
The property is located near schools, shopping, and churches in Visalia. Its northwest-side setting and four separate living spaces support a straightforward residential income property layout.
Built in 1956, the property has connected electricity, natural gas, sewer, and water services. Exterior improvements include patios, porches, and composition roofing. Long-term tenants are in place, providing established occupancy across the multi-unit configuration.
The property is located near schools, shopping, and churches in Visalia. Its northwest-side setting and four separate living spaces support a straightforward residential income property layout.
Key Highlights
- Four‑unit configuration with one main home and three additional units
- Several units have been upgraded and remodeled
- Private fenced backyard space accompanies each 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
$32,195
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
4.92%
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%
$643,900
$643.9K
Cap Rate 7%
$459,929
$459.9K
Cap Rate 9%
$357,722
$357.7K
Market Conditions
NOI Build-Up for 3,563 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
$49.2K $13.80/SF
− Vacancy
−$3.2K −$0.89/SF
EGI
$46.0K $12.91/SF
− OpEx
−$13.8K −$3.87/SF
NOI
$32.2K $9.04/SF
Area
Visalia, CA
Vacancy
6.46%
Lease Rate
$13.80 /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%
$643,900
Cap Rate 7%
$459,929
Cap Rate 9%
$357,722
Alternative Uses
Best Use
Multifamily LT 5
$459.9K
$402.4K – $536.6K
NOI $32,195 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$422.7K
$369.9K – $493.1K
NOI $29,588 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$976.1K
$854.1K – $1.14M
NOI $68,324 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
Explore this area
Business Placement
Demographics for 93291, CA
63,366
Population
19,866
Households
3.2
Avg Household Size
32
Median Age
24%
College-Educated
81%
High-School Grad
84.2 sq mi
ZIP Area
753
Density / Sq Mi
$81,502
Median Household Income
$41,778
Median Earnings
$1,331
Median Rent
$381,600
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?
Quadplex - Four residential units offer individual fenced outdoor areas and a mix of updated interiors.
Where is this quadplex located?
The property is located at 726 N Mooney Boulevard Visalia, CA.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Four‑unit configuration with one main home and three additional units; Several units have been upgraded and remodeled; Private fenced backyard space accompanies each unit
