8-Unit Apartment
800 W Murray Avenue, Visalia, CA 93291
For Sale
New
$1,300,000
The corner-lot property combines one- and two-bedroom apartments, with select units featuring interior updates.
Property Size5,032 SF
Price / SF$258.35
Days on Market1
Property Features for 800 W Murray Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Units
Listing Agency:
Fresno Income Properties
Listed By:
Roy C. Cordova · License #01944933
(559) 319-0591
Source:
Clovisrealestate
Added: Nov 6
Last Checked: Nov 6 at 2:36PM
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 Fresno Income Properties
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Investment Insights
Based on property information with market context.
At 800 W Murray Avenue in Visalia, this 5,032-square-foot apartment property was built in 1978 and contains eight units: four with one bedroom and one bathroom, and four with two bedrooms and one bathroom. The corner-lot configuration is complemented by updates in multiple apartments, including flooring, kitchen counters, appliances and fixtures, along with bathroom tub/shower areas, vanities, counters and fixtures.
Vacant apartments may be delivered leased or left vacant. The property’s unit mix and selective interior improvements provide a clear picture of its existing residential configuration.
Vacant apartments may be delivered leased or left vacant. The property’s unit mix and selective interior improvements provide a clear picture of its existing residential configuration.
Key Highlights
- Eight apartments: four 1‑bedroom/1‑bath units and four 2‑bedroom/1‑bath units
- 5,032 square feet; built in 1978
- Corner lot at 800 W Murray Avenue, Visalia, CA 93291
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,786
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,720
$835.7K
Cap Rate 7%
$596,943
$596.9K
Cap Rate 9%
$464,289
$464.3K
Market Conditions
NOI Build-Up for 5,032 SF
Gross rent
$81.5K $16.20/SF
− Vacancy
−$5.5K −$1.10/SF
EGI
$76.0K $15.10/SF
− OpEx
−$34.2K −$6.79/SF
NOI
$41.8K $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 Rate 5%
$835,720
Cap Rate 7%
$596,943
Cap Rate 9%
$464,289
Alternative Uses
Best Use
Apartment 5plus
$596.9K
$522.3K – $696.4K
NOI $41,786 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,494 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,879
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The corner-lot property combines one- and two-bedroom apartments, with select units featuring interior updates.
Where is this apartment building located?
The property is located at 800 W Murray Avenue Visalia, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Eight apartments: four 1‑bedroom/1‑bath units and four 2‑bedroom/1‑bath units; 5,032 square feet; built in 1978; Corner lot at 800 W Murray Avenue, Visalia, CA 93291
