$950,000

Estimated payment $6,197/month

Total Views 6,194
15 Beds
5 Baths
4,500 Sq Ft
$211 Price per Sq Ft

About This Home

Turnkey 5-Unit Investment Opportunity in Booming Fresno Rental Market!💰 Cash Flow from Day One!This is your chance to own a fully remodeled fiveplex in the heart of Fresno, where the rental income is likely to cover your mortgage and expenses immediately. A rare find in today's market!🏡 Property Overview:Five spacious units each 3 Bed / 1 BathCurrent Rents:Unit 101 - $1,800Unit 102 - $1,900Unit 103 - $1,900Unit 201 - $1,849Unit 202 - $1,800Total Gross Income: ~$110,988/yearTenant Mix: 3 units on Section 8, 2 on market-rate leases📈 Upside Potential:Section 8 rent cap for 3-bed units recently increased to $2,200/month room to grow income without vacancy riskAnnual rent increases allowed by Fresno Housing Authority ensure continued income growth🔧 Fully Renovated & Low Maintenance:All units remodeled in the past yearModern finishes, quality updates, and well-maintained groundsFully occupied and cash-flowing no delays, just instant ROI📍 Prime Central Location:Easy access to Highway 41Close to major employers, shopping, dining, and schoolsHigh tenant demand and low turnover area✅ Invest with ConfidenceThis high-performing multifamily asset checks all the boxes: location, condition, income, and upside potential.📞 Call today to schedule a private tour properties like this don't stay on the market for long!

Listing Agent

Puneet Bhargava

Realty Concepts, Ltd. - Clovis License #01859500 Listed on: 03/02/2025

Realty Concepts, Ltd. - Clovis

Co-Listing Agent

Citlaly Ornelas

Realty Concepts, Ltd. - Fresno License #01982648

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Parking

  • Carport

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,500 Sq Ft Home
  • 2-Story Property
  • Heated Floors

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 5 Bathrooms

Additional Features

  • 7,250 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 5 Units
  • Gross Income $110,988

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: 5 to 15 Units
  • Price Per Square Foot: 211.11
  • Year Built Exception: 0
  • Stories: Two
  • Special Features: None
  • Year Built: 1970

Interior Features

  • Fireplace: None
  • Bathrooms: 5.00
  • Bedrooms: 15
  • Square Footage: 4500.00

Exterior Features

  • Roofing: Composition
  • Exterior: Wood
  • Foundation: Concrete Perimeter

Garage/Parking

  • Additional Parking: Carport

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water, Public Sewer
  • Heat/Cool: Floor or Wall Heat, Window or Wall A/C

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.1664
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 7250.00
  • Price Per Acre: 5709134.62

Building Info

  • Year Built: 1970

Rental Info

  • TenantPays: Electricity, Gas, Cable TV

Multi Family

  • Annual Income: 110988.00
  • IncomeIncludes: Unit Rent
  • Total Units: 5

MLS Schools

  • School District 2: Fresno Unified

Map

Range of Values:

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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
05/15/2025 05/15/25 Price Changed $950,000 -3.0% $211 / Sq Ft
04/17/2025 04/17/25 Price Changed $979,000 -2.0% $218 / Sq Ft
03/02/2025 03/02/25 For Sale $999,000 +37.8% $222 / Sq Ft
06/26/2023 06/26/23 Sold $725,000 -12.1% $161 / Sq Ft
05/30/2023 05/30/23 Pending -- -- --
05/17/2023 05/17/23 For Sale $825,000 0.0% $183 / Sq Ft
05/01/2023 05/01/23 For Sale $825,000 0.0% $183 / Sq Ft
04/26/2023 04/26/23 Pending -- -- --
04/22/2023 04/22/23 Pending -- -- --
03/30/2023 03/30/23 Price Changed $825,000 -2.9% $183 / Sq Ft
03/19/2023 03/19/23 For Sale $850,000 +60.4% $189 / Sq Ft
04/20/2021 04/20/21 Sold $530,000 0.0% $118 / Sq Ft
12/11/2020 12/11/20 Pending -- -- --
10/03/2020 10/03/20 For Sale $530,000 +178.9% $118 / Sq Ft
03/21/2014 03/21/14 Sold $190,000 0.0% $42 / Sq Ft
03/13/2014 03/13/14 Pending -- -- --
01/06/2014 01/06/14 For Sale $190,000 -- $42 / Sq Ft
Source: Fresno MLS

Similar Home in Fresno, CA

  • 2025 E White Ave, Fresno, CA 93701

    $950,000

    • 15 Beds
    • 5 Baths
    • 4,500 Sq Ft
    • 2025 E White Ave
    • Fresno, CA

    🏡 Property Highlights:Five spacious 3 bed / 1 bath unitsFreshly remodeled and painted within the last two yearsSection 8 friendly 4 units currently leased through Housing AuthorityCurrent Rent Roll:Unit 101 - $1,732Unit 102 - $1,852Unit 103 - $1,808Unit 201 - $1,750Unit 202 - $1700💰 Total Potential Gross Income exceeds $128,000/year when fully rented at Housing Authority's

    Puneet Bhargava Realty Concepts, Ltd. - Clovis

    Section Image

Source: Fresno MLS

MLS Number: 626204

Fresno MLS