
Estimated payment $4,209/month
Highlights
- 2.1 Acre Lot
- Central Air
- Wood Siding
- 1-Story Property
- Garage
- 5-minute walk to Peter Ringo Park
About This Home
Investor Goldmine: 3 Homes on 2.1 Acres with Multi‑Strategy PotentialCalling all investors this rare 2.1‑acre parcel features three income‑producing homes and offers multiple avenues to maximize ROI: monthly rental, rezoning opportunity, or long‑term development.📍 Property Overview (2 APNs, sold as one):1803 Mitchell Ave (southernmost): Cozy 2 bd/1 ba rental generating $1,200/mo.1815 Mitchell Ave: Classic gem on its own parcel (APN 390‑020‑63) with central HVAC, original hardwood floors, and vibrant tile countertops. Includes 3 detached outbuildingsideal for workshop space or ancillary income.1845 Mitchell Ave (northernmost): Spacious 3 bd/1 ba home featuring indoor laundry, expansive living area, fenced yard, 3‑car garage, and a metal storage shed. Plusthis house sits adjacent to open ground (included in the acreage) ready for build‑out.💡 Why This Property Stands Out:Cashflow from Day One: Rent all three homes while pursuing rezoning or development.Development-Ready: Neighboring parcel recently subdivided into single-family lotssets a strong precedent.Versatility: Ideal for investors specializing in long-term rentals, fix-and-flips, or multifamily development.🔍 Highlights & ROI Drivers:Immediate rental income across all unitsFlexible strategies: hold, convert, or redevelopExisting Homes can be cleaned up & rented out fastAll 3 house on city water. All 3 houses on septic tanks. City sewer at street, buyer to verify the cost & process to connect.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,564
Year Built
- Built in 1940
Lot Details
- 2.1 Acre Lot
Parking
- Garage
Home Design
- Triplex
- Wood Foundation
- Composition Roof
- Metal Roof
- Wood Siding
Interior Spaces
- 1,175 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Bathrooms
Utilities
- Central Air
- Refrigerated and Evaporative Cooling System
- Septic Tank
Community Details
- 3 Units
- Gross Income $52,800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $1,564 | $67,387 | $24,453 | $42,934 |
2023 | $1,564 | $64,772 | $23,504 | $41,268 |
2022 | $1,594 | $63,503 | $23,044 | $40,459 |
2021 | $1,551 | $62,259 | $22,593 | $39,666 |
2020 | $1,528 | $61,622 | $22,362 | $39,260 |
2019 | $1,472 | $60,415 | $21,924 | $38,491 |
2018 | $1,430 | $59,232 | $21,495 | $37,737 |
2017 | $1,413 | $58,072 | $21,074 | $36,998 |
2016 | $1,333 | $56,934 | $20,661 | $36,273 |
2015 | $1,347 | $56,080 | $20,351 | $35,729 |
2014 | $1,307 | $54,983 | $19,953 | $35,030 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/27/2025 06/27/25 | For Sale | $750,000 | -- | -- |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Interfamily Deed Transfer | -- | None Available | |
Interfamily Deed Transfer | -- | -- |
Similar Home in Selma, CA
Source: Fresno MLS
MLS Number: 632805

APN: 390-020-66
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