Two-Home Multifamily
New
For Sale
$493,000
902 E 5th St, Calexico, CA 92231
Residential Income, Calexico, CA
Property Size2,324 SF
Lot Size0.08 Acres
Price / SF$212.13
Days on Market4
Property Features for 902 E 5th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Rooms
Den, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1
Parking
3
Parking features
Driveway, Carport
Fencing
Chain Link
Directions
Corner of 5th Street and Dool Avenue.
Subdivision
530
Standard status
Active
APN
058-503-039-000
Size
2,324 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
2365
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2001
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Socorro Rocha · License #01268201
(760) 427-2284
Added: Sep 23
Changed: Sep 25
Last Checked: Sep 26 at 4:06AM
MLS# 26992299IC
Copyright © 2026 Imperial County Association of Realtors®. 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 multifamily property contains two detached homes totaling 2,324 square feet on a 0.08-acre lot. The two-story residence has two bedrooms, one-and-a-half bathrooms, an interior laundry room, and side storage. The second home is a one-story layout with two bedrooms and one bathroom, along with a new air conditioning unit. Both homes have separate entrances and their own carports.
Built in 2001, the property is zoned R2. Central heating and central air are listed, with carpet and laminate flooring. The address is 902 E 5th St in Calexico, California.
Built in 2001, the property is zoned R2. Central heating and central air are listed, with carpet and laminate flooring. The address is 902 E 5th St in Calexico, California.
Key Highlights
- Two detached homes totaling 2,324 square feet
- 0.08‑acre lot; zoned R2
- Two‑story home with 2 bedrooms, 1.5 bathrooms, interior laundry, and side storage
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
$19,282
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
3.91%
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%
$385,640
$385.6K
Cap Rate 7%
$275,457
$275.5K
Cap Rate 9%
$214,244
$214.2K
Market Conditions
NOI Build-Up for 2,324 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
$36.3K $15.60/SF
− Vacancy
−$1.2K −$0.51/SF
EGI
$35.1K $15.09/SF
− OpEx
−$15.8K −$6.79/SF
NOI
$19.3K $8.30/SF
Area
Imperial County, CA
Vacancy
3.30%
Lease Rate
$15.60 /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%
$385,640
Cap Rate 7%
$275,457
Cap Rate 9%
$214,244
Alternative Uses
Best Use
Apartment 5plus
$275.5K
$241.0K – $321.4K
NOI $19,282 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$592.8K
$518.7K – $691.6K
NOI $41,497 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Explore this area
Business Placement
Demographics for 92231, CA
39,542
Population
11,799
Households
3.4
Avg Household Size
36
Median Age
21%
College-Educated
65%
High-School Grad
68.6 sq mi
ZIP Area
576
Density / Sq Mi
$50,114
Median Household Income
$26,738
Median Earnings
$1,049
Median Rent
$281,600
Median Home Value
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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 - Separate entrances and individual carports serve two detached residences with distinct layouts.
Where is this multifamily property located?
The property is located at 902 E 5th St Calexico, CA.
What is the asking price?
The asking price for this property is $493,000.
What are key features of this property?
This property features: Two detached homes totaling 2,324 square feet; 0.08‑acre lot; zoned R2; Two‑story home with 2 bedrooms, 1.5 bathrooms, interior laundry, and side storage
