Tenant-Occupied
909 W Noble Ave, Visalia, CA 93277
For Sale
$369,900
Each residence has two bedrooms, one bathroom, and resident parking.
Property Size1,619 SF
Price / SF$228.47
Days on Market11
Property Features for 909 W Noble Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Avedian Properties Company
(559) 739-1200
Listed By:
John David Vega
(559) 901-2976
Source:
Exprealty
Added: Oct 27
Changed: Nov 4
Last Checked: Nov 6 at 2:07PM
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 Avedian Properties Company
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Investment Insights
Based on property information with market context.
This 1,619-square-foot duplex contains two separate residences, each configured with two bedrooms and one bathroom. Both units are tenant-occupied, and resident parking is available.
The property is near downtown Visalia, with shopping, restaurants, and local businesses in the surrounding area.
The property is near downtown Visalia, with shopping, restaurants, and local businesses in the surrounding area.
Key Highlights
- 1,619‑square‑foot duplex with two separate residences
- Each unit has 2 bedrooms and 1 bathroom
- Both residences are tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,629
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,580
$292.6K
Cap Rate 7%
$208,986
$209.0K
Cap Rate 9%
$162,544
$162.5K
Market Conditions
NOI Build-Up for 1,619 SF
Gross rent
$22.3K $13.80/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$20.9K $12.91/SF
− OpEx
−$6.3K −$3.87/SF
NOI
$14.6K $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 Rate 5%
$292,580
Cap Rate 7%
$208,986
Cap Rate 9%
$162,544
Alternative Uses
Best Use
Multifamily LT 5
$209.0K
$182.9K – $243.8K
NOI $14,629 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$192.1K
$168.1K – $224.1K
NOI $13,444 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$443.5K
$388.1K – $517.4K
NOI $31,046 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,980
Businesses Nearby
Explore this area
Business Placement
Demographics for 93277, CA
53,196
Population
19,434
Households
2.7
Avg Household Size
37
Median Age
23%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,350
Density / Sq Mi
$79,532
Median Household Income
$43,555
Median Earnings
$1,406
Median Rent
$320,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Visalia, CA
Properties on Market for Duplexes in Visalia
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, and resident parking.
Where is this duplex located?
The property is located at 909 W Noble Ave Visalia, CA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 1,619‑square‑foot duplex with two separate residences; Each unit has 2 bedrooms and 1 bathroom; Both residences are tenant‑occupied
