159 Walker Way
Btop 30% of multifamilyVista, CA 92083
Pass at asking: -$3,005/mo full cashflow at 20% down, 7.36% rate.
Works at $501,812 (44% under asking), or at 69% down.
Rent $4,980/mo: 2 × 2-bed units, each priced from up to 12 closed leases within 1 mi ($4,734–$5,304).
Beds
—
Baths
—
Sqft
1,500
Year Built
1959
Days on Market
118
Property Type
Multi-Family
HOA/mo
N/A
MLS ID
PW26152799
This property is in Vista (92083). Browse neighborhood analytics →
About This Property
Rare Opportunity Awaits! This Vista duplex offers a strong opportunity for investors or those seeking multi-unit rental income. Each of the two 2-bedroom, 1-bathroom units features private patios and sits on a generous 8,500 sq ft corner lot. Conveniently located near downtown Vista and major shopping centers along S. Santa Fe Ave, with easy freeway access in under 5 minutes. This spacious lot gives you the opportunity to add an additional ADU for extra rental income or completely reimagine the property into something greater. Take advantage of the extra space like the neighbors have! Don't miss this income-generating opportunity in a growing market
Small multifamily · 2 units
Valued on income: each unit priced from closed leases nearby, then added up. County records: 2 units.
| Unit | Units | Rent each | Subtotal |
|---|---|---|---|
| 2-bed~750 sqft · 12 leases within 1 mi | 2 | $2,490 | $4,980 |
| Gross rent, all units | $4,980/mo | ||
- Gross rent multiplier
- 15.0
- Price per unit
- $447,500
- NOI (a year)
- $26,181
- Cap rate
- 2.93%
Price ÷ a year's gross rent
Median $525,000 across 90 listed 2–4 unit buildings in San Diego County
Default vacancy, management, upkeep, tax, insurance
Its grade compares it with other multifamily listings only: a building valued on income isn't ranked against houses and condos.
House hack with FHA
Live in the 2-bed unit, rent the other 1.
- Down payment
- $31,325
- Your cost to live there
- $6,436/mo
- More than renting it
- $3,946/mo
3.5% · plus closing costs
After $2,490/mo from the other unit
vs $2,490/mo to rent the same unit
How this is figured
- Loan $878,789 ($863,675 + 1.75% upfront mortgage insurance) at 7.11% (Freddie Mac 30-year average, week of Nov 12, 2026), 30 years: $5,912/mo
- FHA mortgage insurance $540/mo · property tax $895/mo · insurance $261/mo
- Vacancy, management and capex on the rented units, upkeep on the building: $1,319/mo
- FHA allows 3.5% down on 2–4 units when you live in one, up to HUD's 2026 San Diego County limit for 2 units ($1,413,350). Lenders count only part of the other units' rent toward qualifying.
Compare other buildings on the small multifamily page.
Mortgage Calculator
Est. Monthly Payment
$6,094
Location
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Zoned Schools
Elementary
Grapevine Elementary · grades K-5 · Vista Unified
Middle
Madison Middle · grades 6-8 · Vista Unified
High
Rancho Buena Vista High · grades 9-12 · Vista Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
This is a 2-unit building: on the mid-term and short-term tabs, enter the rent, nightly rate and occupancy for all units combined.
Investment Score
2 × 2-bed units, each priced from up to 12 closed leases within 1 mi · $4,734–$5,304
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,005/mo short at 20% down; 69% down or +$3,903/mo rent closes it.
- Break-even price
- $501,812
- Break-even rent
- $8,883/mo
- Cashflow at 35% down
- −$2,079/mo
- Down payment to break even
- 69%
- Rate to break even
- Not reachable
44% under asking
$3,903/mo above the estimate
$617,550 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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