| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 22nd | Fair |
| Amenities | 23rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 65 Salisbury St, Porterville, CA, 93257, US |
| Region / Metro | Porterville |
| Year of Construction | 1979 |
| Units | 41 |
| Transaction Date | 2007-09-24 |
| Transaction Price | $603,000 |
| Buyer | AETW GROUP |
| Seller | EVERGREEN APARTMENTS |
65 Salisbury St, Porterville CA Multifamily Investment
Neighborhood occupancy remains strong and supportive for stabilized cash flow, according to WDSuite’s CRE market data, pointing to durable renter demand in this inner-suburban Porterville location.
This Inner Suburb pocket of Porterville posts a top quartile neighborhood occupancy level among the 142 neighborhoods in the Visalia metro and lands in a high national percentile, signaling steady renter demand and leasing resilience at the neighborhood level. Median asking rents in the area sit above the metro median and have risen materially over five years, which supports revenue growth potential while keeping lease-up timelines manageable.
Amenity access is mixed. Grocery access is a relative strength—top quartile among 142 metro neighborhoods and strong in national comparisons—while cafes, parks, and pharmacies are limited nearby. Restaurants are present at levels competitive for the metro. For investors, this combination tends to fit workforce housing demand patterns where daily-needs retail is accessible even if lifestyle amenities are thinner.
Renter concentration is meaningful (about 42% of housing units are renter-occupied), which expands the local tenant base and helps support occupancy stability. Homeownership costs in the neighborhood run higher relative to incomes in national comparison, which can sustain reliance on rental options and underpin retention for well-managed multifamily assets.
Demographics aggregated within a 3-mile radius show recent population and household growth, with forecasts pointing to additional household expansion and modestly smaller average household sizes over the next five years. For multifamily investors, that trend implies a larger renter pool and supports absorption for well-located, professionally managed properties. School ratings trail national norms, which may make two- and three-bedroom demand more sensitive among family renters; thoughtful unit mix positioning and amenity programming can help mitigate this.
Comparable neighborhood-level safety benchmarks are not available in the provided dataset from WDSuite for this specific location. Investors should compare recent city and metro trends, review police blotter and third-party indices, and incorporate on-the-ground diligence (sightlines, lighting, access control) into underwriting. Framing safety at the neighborhood—not block—level is advisable for comps and rent trade-out assumptions.
Regional manufacturing and packaging employment offers a commutable base that can support workforce renter demand and retention for stabilized assets. The employers below are representative of that base.
- International Paper — paper & packaging (17.7 miles)
Built in 1979, the asset is newer than much of the surrounding stock, offering competitive positioning versus older properties while still presenting potential upside through system upgrades and targeted renovations. Neighborhood metrics indicate high occupancy and a meaningful renter base, with ownership costs relatively elevated in national context—factors that can support demand durability and pricing power when operations are executed well.
Based on commercial real estate analysis using WDSuite’s CRE market data, neighborhood occupancy trends outpace the metro median and asking rents have demonstrated healthy momentum. Within a 3-mile radius, population and household growth—paired with a gradual shift toward smaller household sizes—suggest a larger tenant base over time, supporting lease stability for well-managed properties at this address.
- High neighborhood occupancy and meaningful renter concentration support leasing stability
- 1979 vintage offers competitive positioning versus older stock with value-add potential
- Household and population growth within 3 miles expand the tenant base and absorption potential
- Elevated ownership costs in national context reinforce reliance on rental housing
- Risk: Limited nearby lifestyle amenities and below-average school ratings may temper family-renter appeal