$899,000

Estimated payment $5,788/month

Total Views 7,338
7 Beds
8 Baths
4,164 Sq Ft
$216 Price per Sq Ft

Highlights

  • 0.36 Acre Lot
  • Wood Siding
  • 2-minute walk to Martin Park
  • Central Air

About This Home

This investment opportunity features three separate structures totaling 8 units and approximately 4,164 square feet of living space on a 15,750 square foot lot (per tax records). Currently generating approximately $8,000 per month in gross scheduled rents, the property offers a strong in-place return with a 6.9% cap rate and a 9.4 GRM under current operations. This is a true cash-flow asset - well-positioned for both steady income and long-term appreciation. Whether you're expanding your portfolio or seeking a low-maintenance investment, this property represents a rare opportunity to acquire a high-performing asset in a solid rental market. Please do not walk the grounds or disturb the tenants; write all offers subject to interior inspection. SELLER FINANCING may be considered with at least 20% down.

Listing Agent

Jin Kim

The JKRE Investment Group License #01456017 Listed on: 05/06/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Parking

  • Uncovered Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,164 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 8 Bathrooms

Additional Features

  • 0.36 Acre Lot
  • Central Air

Community Details

  • 8 Units
  • Gross Income $94,764

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: 5 to 15 Units
  • Price Per Square Foot: 215.90
  • Year Built Exception: 0
  • Stories: Two
  • Special Features: None
  • Year Built: 1953

Interior Features

  • Fireplace: None
  • Bathrooms: 8.00
  • Bedrooms: 7
  • Square Footage: 4164.00

Exterior Features

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

Garage/Parking

  • Additional Parking: Uncovered

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water
  • Heat/Cool: Central Heat/Cool

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.3616
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 15750.00
  • Price Per Acre: 2486172.57

Building Info

  • Year Built: 1953

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 94764.00
  • IncomeIncludes: Unit Rent
  • Total Units: 8

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
05/06/2025 05/06/25 For Sale $899,000 -- $216 / Sq Ft
Source: Fresno MLS

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Source: Fresno MLS

MLS Number: 629881

Fresno MLS