USACAPorterville844 E River Ave
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$349,950

For Sale

4 days ago

844 E River Ave, Porterville, CA

House

MLS® 242458

7 Bed

4 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 3
Lot Size 1 Acres
Approx. Age 1950
MLS® Number 242458

Property Address: 844 E River Ave, Porterville, CA, 93257-5528

Average square foot calculated using Size range provided by listing agent.

Description

844 E. River Avenue presents a rare opportunity to acquire a four-unit residential income property situated on a full one-acre parcel in Porterville. Currently operating at approximately a 7% cap rate, the property offers immediate cash flow with significant upside potential through continued value-add improvements and strategic rent increases. Current rents remain below market, creating an opportunity for a new owner to increase net operating income and overall returns over time. Ownership has already completed several capital improvements, including remodeled bathrooms, laundry room upgrades, and a complete interior renovation of one unit, providing a solid foundation for future enhancements. The existing four units are primarily situated on the front portion of the property, leaving substantial excess land toward the rear of the site. One of the property's most attractive features is its long-term development potential. Buyers may wish to explore the feasibility of an SB9 lot split and additional residential development opportunities on the rear portion of the parcel, subject to all applicable approvals. Prospective purchasers should conduct their own investigations with Tulare County regarding allowable density and future development options, as well as with the City of Porterville regarding water service capacity. The property is currently served by a single water meter that supplies all four units, with water expenses paid by ownership. Opportunities combining current income, rental upside, and future development potential are increasingly difficult to find. 844 E. River Avenue offers investors the ability to enhance cash flow today while positioning the property for additional value creation in the years ahead.
MLS® Number242458
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1950
Basement
DrivewayDriveway, Open, Parking Pad
Garage Spaces
HeatWall Furnace
A/CCentral Air, Evaporative Cooling

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 22, 2026List Date
$349,950List Price
  • Commute

Commute

Starting Address
Destination Address
844 E River Ave, Porterville, CA

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