546 N 5th Street, Banning, California 92220, Banning, 92220 - 0 bed, 0 bath
Loading property details...
Banning, California 92220
This triplex presents a High-Potential Investment Opportunity with a List Price of $518,000—positioned above the $504,188 Fair Market Value. While the property is priced at market, it offers immediate rental upside with a vacant, renovated unit and Dedicated Tenant Parking for all three units. With a Fair Condition Rating of 4, the asset provides a stable foundation for Buy-and-Hold Investors to optimize cash flow, while the layout remains ideal for Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 546 N 5th Street Subject | $518,000* List Price | 0 | 0 | 2,162 | $234 | - |
A 530 Gilman W Active | $660,000 List Price | 6 | 3 | 2,293 | $288 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, this triplex is nearly 70 years old. While Unit A has a recent renovation (<5 years) with new flooring and paint, the kitchen retains dated tile countertops and older cabinetry. Systems are dated, featuring wall heaters and window AC units rather than central HVAC. With only one unit renovated and the others occupied by long-term tenants, the overall property remains in fair, dated condition requiring further modernization.
Unit A is recently renovated and vacant, allowing for immediate owner-occupancy or the ability to command top-market rent without additional renovation costs.
Each of the three units includes its own individual garage, a highly desirable amenity that enhances tenant retention and adds significant value compared to street-only parking.
The property features a freshly painted exterior and recent repairs, providing strong curb appeal and reducing near-term maintenance requirements for a new investor.
Originally built in 1955, the property may require ongoing maintenance or future capital expenditures for aging mechanical, electrical, or plumbing systems.
With all three units configured as 1-bedroom, 1-bathroom layouts, the property targets a specific niche and may face a more restricted tenant pool compared to assets with larger, multi-bedroom units.
GREAT INVESTMENT OPPORTUNITY – TRIPLEX! Don’t miss your chance to own this income-generating triplex, ideal for investors or owner-occupants! Each of the three units features 1 bedroom, 1 bathroom, and 720 sq ft of living space — plus individual garage parking for each unit. Live in one and rent the other two, or add this solid property to your investment portfolio. Long-term tenants, while Unit A is recently renovated, featuring new flooring, a modernized bathroom, and fresh interior paint. Perfect for immediate move-in or top-dollar rental. The exterior has also seen fresh repairs and a new paint job, making this property move-in and rent-ready. Opportunities like this don’t last long — especially with a vacant, upgraded unit ready to go.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,162 | - |
| Lot Size | 8,712 | - |
| Price | $518.0K | $541.5K |
| Price per sq ft | $240 | $292 |
| Built year | 1955 | 0 |
| HOA | $0 | $0 |
| Days on market | 37 | 35 |
Jun 15, 2026
$518,000
Initial Listing
Sep 4, 2012
$117,500
Public Record
Oct 12, 2006
$350,000
Public Record
Apr 20, 2006
$225,000
Public Record