$625,000

10861 S Reed Ave Reedley, CA 93654

Estimated payment $4,031/month

Total Views 18,212
4 Beds
2 Baths
5,799 Sq Ft
$108 Price per Sq Ft

Highlights

  • Heated Floors
  • 3.73 Acre Lot
  • Refrigerated and Evaporative Cooling System
  • Riverview Elementary School Rated A-

About This Home

Prime Investment Opportunity - 3.73 Acres on Reed Avenue!Calling all investors and developers! This exceptional property offers huge potential in a growing area within the Sphere of Influencejust steps from the scenic Kings River.Lot Size: 3.73 acresCurrent Units: 3 existing rental unitsDevelopment Potential: Ample space to add more units (buyer to verify zoning and development guidelines)Location: Quiet, desirable area near natural surroundings, yet close to town amenitiesAerial imagery highlights the expansive lot, proximity to the Kings River, and surrounding open landideal for future development. This is your chance to secure a rare, versatile piece of real estate in a highly desirable location.Whether you're looking to expand your rental portfolio or develop a new project, this property is a rare find.Do not disturb tenants. Drive by onlycontact us for more information or to schedule a private showing.

Listing Agent

Tyler Kusch

Valley Land & Investment Co. License #02008418 Listed on: 05/05/2025

Co-Listing Agent

Ron Kusch

Valley Land & Investment Co. License #00945565

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Home Design

  • Triplex
  • Wood Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,799 Sq Ft Home
  • Multi-Level Property
  • Heated Floors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • 3.73 Acre Lot
  • Refrigerated and Evaporative Cooling System

Community Details

  • 3 Units
  • Gross Income $38,184

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: Triplex
  • Price Per Square Foot: 107.78
  • Year Built Exception: 0
  • Stories: Multi/Split
  • Special Features: None
  • Year Built: 1960

Interior Features

  • Fireplace: None
  • Bathrooms: 2.00
  • Bedrooms: 4
  • Square Footage: 5799.00

Exterior Features

  • Roofing: Composition
  • Exterior: Stucco
  • Foundation: Wood Subfloor

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Private Water
  • Heat/Cool: Evaporative, Floor or Wall Heat

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 3.7300
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 162478.00
  • Price Per Acre: 167560.32

Building Info

  • Year Built: 1960

Rental Info

  • TenantPays: Electricity

Multi Family

  • Annual Income: 38184.00
  • IncomeIncludes: Unit Rent, Month to Month
  • Total Units: 3

MLS Schools

  • School District 2: Kings Canyon

Map

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 Price Changed $625,000 -25.6% $108 / Sq Ft
06/02/2025 06/02/25 Price Changed $840,000 -5.1% $145 / Sq Ft
05/05/2025 05/05/25 For Sale $885,000 -- $153 / Sq Ft
Source: Fresno MLS

Source: Fresno MLS

MLS Number: 629679

Fresno MLS