Two-Unit Residential Building with
For Sale
$369,000
Pending
823 Forrester Court, Porterville, CA 93257
MULTI_FAMILY - Porterville, CA
Property Size2,184 SF
Lot Size0.14 Acres
Days on Market35
Property Features for 823 Forrester Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 2
Directions
From Plano And Putnam go East on Putnam, South on Leggett St, East on Oak Ave, South on Doree St, West on Forrester property will be at the end of the street.
Subdivision
Porterville NE
Standard status
Pending
APN
254102044000
Size
2,184 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Evaporative Cooling, Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1991
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Five Star Realty
(559) 527-1500
Listed By:
Maggie Salas · License #01469824
(559) 350-3421
Added: Jun 29
Changed: Jul 30
Last Checked: Aug 2 at 7:06PM
MLS# 242604
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.
Two-Unit Residential Building with private yards, designed as a multi-unit rental setup. The property offers six bedrooms across multiple units, with each unit featuring 3 bedrooms and 2 bathrooms. Unit amenities include a laundry area, a 1-car garage, and its own yard space.
Set on a 6,090 square foot lot (0.14 acres), the building was constructed in 1991. Central heating is provided, and cooling includes evaporative cooling along with central air and ceiling fans. The home is served by public water and public sewer, and the roof is composition.
The layout is well-suited for tenants who want in-unit laundry and dedicated garage parking, while maintaining separate outdoor space for each unit.
Set on a 6,090 square foot lot (0.14 acres), the building was constructed in 1991. Central heating is provided, and cooling includes evaporative cooling along with central air and ceiling fans. The home is served by public water and public sewer, and the roof is composition.
The layout is well-suited for tenants who want in-unit laundry and dedicated garage parking, while maintaining separate outdoor space for each unit.
Key Highlights
- 6,090 square foot lot (0.14 acres)
- Six bedrooms across multiple units; each unit has 3 bedrooms and 2 bathrooms
- Laundry area in each unit
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 | $30.1k | $13.80 |
| − Vacancy | −$1.9k | −$0.89 |
| EGI | $28.2k | $12.91 |
| − OpEx | −$8.5k | −$3.87 |
| NOI | $19.7k | $9.04 |
2,184 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$281.9K
$246.7K – $328.9K
NOI $19,735 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$259.1K
$226.7K – $302.3K
NOI $18,136 @ 7.0% cap · market cap 4.91%
Theoretical Best
Specialty Retail
$663.4K
$580.5K – $774.0K
NOI $46,437 @ 7.0% cap · market cap 12.58%
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
214
Businesses Nearby
Explore this area
Business Placement
Demographics for 93257, CA
79,569
Population
25,020
Households
3.2
Avg Household Size
31
Median Age
15%
College-Educated
69%
High-School Grad
378.9 sq mi
ZIP Area
210
Density / Sq Mi
$58,261
Median Household Income
$30,344
Median Earnings
$1,086
Median Rent
$276,400
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 - Two units provide 3 bedrooms, 2 bathrooms each, with laundry areas, 1-car garages, and private yards.
Where is this duplex located?
The property is located at 823 Forrester Court Porterville, CA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 6,090 square foot lot (0.14 acres); Six bedrooms across multiple units; each unit has 3 bedrooms and 2 bathrooms; Laundry area in each unit
