$762,500
SOLD APR 7, 2025

551 W Lincoln Ave Clovis, CA 93612

6 Beds
6 Baths
4,312 Sq Ft
7,956 Sq Ft Lot

Recently Sold

$177 Per Sq Ft

2% Above List Price

12 Days on Market

Highlights

  • Second Dishwasher
  • Clark Intermediate School Rated A
  • Central Air

About This Home

As of April 2025

Don't miss out on this great opportunity to own a 6-plex in Clovis!3 downstairs units and 3 upstairs units. These spacious one-bedroom one-bath units have a great floorplan and each bedroom has a large walk-in closet. Coin-operated laundry room, and common fenced area for tenants. New Roof was put on in June 2024.Current rents for 2025 are set at $5,725 monthly. As of 3/1, rents will be $5,915/month.Rental Income for 2024 $60,630.00Expenses for 2024 $20,062.00Net Income 2024 $40,568.00

Last Agent to Sell the Property

Carol Atkins

Realty Concepts, Ltd. - Fresno License #01297734 Listed on: 01/31/2025

Realty Concepts, Ltd. - Fresno

Last Buyer's Agent

Travis Beck

Savvy Enterprises License #02059371

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Parking

  • Carport

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,312 Sq Ft Home
  • 2-Story Property
  • Second Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Additional Features

  • 7,956 Sq Ft Lot
  • Central Air

Community Details

  • 6 Units
  • Gross Income $60,630

Listing and Financial Details

  • Tenant pays for electricity, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: 5 to 15 Units
  • Price Per Square Foot: 176.83
  • Year Built Exception: 0
  • Stories: Two
  • Special Features: None
  • Year Built: 1977

Interior Features

  • Dishwasher: More than One unit
  • Fireplace: None
  • Refrigerator: All Units
  • Stove: All units
  • Bathrooms: 6.00
  • Bedrooms: 6
  • Square Footage: 4312.00

Exterior Features

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

Garage/Parking

  • Additional Parking: Carport, Covered, One Space per Unit

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: 0.1826
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 7956.00
  • Price Per Acre: 4175794.09

Building Info

  • Year Built: 1977

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 60630.00
  • IncomeIncludes: Laundry, Month to Month, Lease
  • Total Units: 6

MLS Schools

  • School District 2: Clovis Unified

Similar Homes in Clovis, CA

  • 1136 Sylmar Ave, Clovis, CA 93612

    $831,250

    • 8 Beds
    • 5 Baths
    • 3,720 Sq Ft
    • 1136 Sylmar Ave
    • Clovis, CA

    This 4-plex offers excellent investment potential with a fantastic layout. The front unit features 2 bedrooms, 2 bathrooms, while the other three units each include 2 bedrooms, 1 bathroom. Added benefits include covered parking, a utility room, and small patios for outdoor relaxation. Current monthly gross rents total $4,973/m, approximately 25% below market. Located just minutes away from local

    Jin Kim The JKRE Investment Group

    Section Image
  • 25 W San Jose Ave, Clovis, CA 93612

    $775,000

    • 8 Beds
    • 4 Baths
    • 3,584 Sq Ft
    • 25 W San Jose Ave
    • Clovis, CA

    Situated in the Clovis submarket, a desirable area within the Fresno metro known for strong rental demand and tenant stability. Property consists of 4 units, each two-bedroom, one-bath, single-level, 900 sq ft per unit (total 3,600 sq ft). Solid Income Potential: With a scheduled market rent of$69,600 annually and current average rents at$1,400 per unit, the property demonstrates strong rental

    Brendan Kane Brendan Kane Real Estate

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
04/07/2025 04/07/25 Sold $762,500 +1.7% $177 / Sq Ft
02/12/2025 02/12/25 Pending -- -- --
01/31/2025 01/31/25 For Sale $749,900 +38.9% $174 / Sq Ft
06/24/2013 06/24/13 Sold $540,000 0.0% $63 / Sq Ft
05/17/2013 05/17/13 Pending -- -- --
04/01/2013 04/01/13 For Sale $540,000 -- $63 / Sq Ft
Source: Fresno MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Fresno MLS

MLS Number: 624619

Fresno MLS