$559,000

2904 N First St Fresno, CA 93703

McLane Neighborhood

Estimated payment $3,538/month

Total Views 924
6 Beds
4 Baths
3,026 Sq Ft
$185 Price per Sq Ft

About This Home

This 4-plex in Fresno's thriving Mayfair neighborhood has modern upgrades, strong cash flow, and excellent location in a high-demand rental market. All four spacious units are 100% leased with solid long-term tenants with upside potential in current rental market rates. This investment property is poised to deliver robust ROI for savvy investors. The property is on a huge lot with detached 4-car garages. In a good commuter-friendly location within walking distance of Manchester Centera dynamic retail hub with a movie theater and weekly farmers market. Fresno's rental market is red-hot, ranked the 9th most competitive nationwide with a mere 2.9% vacancy rate, tying for the 6th lowest in the U.S. Since 2019, fair market rents have skyrocketed 50%, averaging $1,285/month and peaking at $1,907/month for premium units.

Listing Agent

Robert Balina

Synergize Realty License #01263881 Listed on: 09/06/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • 1955

Lot Details

  • 9,100 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,026 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Gas Oven

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Community Details

Overview

  • 3,026 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,400
  • Utility Expense $1,694
  • Trash Expense $998
  • Operating Expense $11,522
  • Gross Income $45,708

Property Details

Home Type

Multi-Family

Year Built

1955

Lot Details

0

Parking

2

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Age: 70
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3026
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Kitchen: Oven Range - Gas, Refrigerator
  • Living Sq Ft: 3026
  • Stories: 1
  • Flooring: Laminate

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Fresno Unified

Lot Info

  • Lot Acres: 0.2089
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9100.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9100.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 12.23
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2400
  • Expense Landscape: 1200
  • Expenses Total: 11522
  • Expenses Utility: 1694
  • Expense Trash: 998
  • Income Annual Gross: 45708.00
  • Income Annual Rental: 45708
  • Income Gross Scheduled: 45708
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Map

Range of Values:

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Average Value
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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
09/06/2025 09/06/25 For Sale $559,000 -- $185 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML82020609

MLSListings
California Fresno County Fresno 93703 McLane

2904 N First St, Fresno, CA

This home is located at 2904 N First St, Fresno, CA 93703 and is currently priced at $559,000, approximately $184 per square foot. This property was built in 1955. 2904 N First St is a home located in Fresno County with nearby schools including Birney Elementary School, Scandinavian Middle School, and Mclane High School.

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Robert Balina
Listing Agent
Robert Balina
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Synergize Realty
(209) 886-4397