NOT LISTED FOR SALE

577 E Fountain Way Fresno, CA 93704

Maroa Neighborhood
6 Beds
5 Baths
3,360 Sq Ft
7,405 Sq Ft Lot Lot

Sale Details

Date Sold: May 2, 2025

Last sale price $575,000 $171 Per Sq Ft

154 Days on Market

Highlights

  • Heated Floors
  • Fenced Yard
  • Central Air
  • Corner Lot

About This Home

As of May 2025

GREAT INVESTMENT opportunity! Motivated sellers, property currently appraised for $725,000. This well maintained 5-unit complex has four 1-bedroom, 1-bath units and one 2-bedroom 1-bath unit, a laundry room, and covered parking. All units are currently rented with long-term tenants. It is centrally located in a well-developed neighborhood across from Gazebo Gardens and just steps away from Christmas Tree Lane. It is minutes from the Tower District, about a 5-minute drive to Fresno City College, 15 minutes to Fresno State University, and 1.2 miles to Freeway 41.

Last Agent to Sell the Property

Lillian Frankian

London Properties-Clovis License #01953665 Listed on: 10/10/2024

London Properties-Clovis

Last Buyer's Agent

Dustin Ilic CCIM

Visintainer Group License #01772625

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 7,405 Sq Ft Lot
  • Fenced Yard
  • Corner Lot
  • Front Yard Sprinklers

Parking

  • Carport

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 3,360 Sq Ft Home
  • 2-Story Property
  • Heated Floors
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window

Community Details

  • 5 Units
  • Gross Income $48,000

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Type: Multi Family
  • Property Sub Type: 5 to 15 Units
  • Price Per Square Foot: 171.13
  • Year Built Exception: 0
  • Stories: Two
  • Leased Equipment: Washer/Dryer (s)
  • Special Features: None
  • Year Built: 1965

Interior Features

  • Dishwasher: None
  • Disposal: More than One Unit
  • Fireplace: None
  • Refrigerator: All Units
  • Stove: All units
  • Bathrooms: 5.00
  • Bedrooms: 6
  • Facilities: Utility Room
  • Square Footage: 3360.00

Exterior Features

  • Yard: Sprinkler - Front, Sprinkler - Auto, Fenced
  • Roofing: Composition
  • Exterior: Stucco
  • Foundation: Both

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, Floor or Wall Heat, Window or Wall A/C

Condo/Co-op/Association

  • Association: Fresno MLS

Association/Amenities

  • Site Amenities: Corner

Lot Info

  • Acres: 0.1700
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 7405.00
  • Price Per Acre: 3382352.94

Building Info

  • Year Built: 1965

Rental Info

  • TenantPays: Electricity, Gas, Cable TV

Multi Family

  • Annual Income: 48000.00
  • IncomeIncludes: Unit Rent, Month to Month
  • Total Units: 5

MLS Schools

  • School District 2: Fresno Unified
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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 List to Sale Price per Sq Ft
05/02/2025 05/02/25 Sold $575,000 -4.2% $171 / Sq Ft
03/13/2025 03/13/25 Pending -- -- --
03/06/2025 03/06/25 Price Changed $600,000 -7.0% $179 / Sq Ft
01/23/2025 01/23/25 Price Changed $645,000 -4.4% $192 / Sq Ft
12/30/2024 12/30/24 For Sale $675,000 0.0% $201 / Sq Ft
11/29/2024 11/29/24 Pending -- -- --
10/10/2024 10/10/24 For Sale $675,000 -- $201 / Sq Ft
Source: Fresno MLS

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 $4,325 $325,573 $31,271 $294,302
2023 $4,163 $312,932 $30,057 $282,875
2022 $4,031 $306,797 $29,468 $277,329
2021 $3,922 $300,783 $28,891 $271,892
2020 $3,906 $297,700 $28,595 $269,105
2019 $3,759 $291,864 $28,035 $263,829
2018 $3,679 $286,142 $27,486 $258,656
2017 $3,617 $280,533 $26,948 $253,585
2016 $3,193 $250,000 $30,000 $220,000
2015 $3,192 $250,000 $30,000 $220,000
2014 $2,572 $200,000 $30,000 $170,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Fresno MLS

MLS Number: 619884

Fresno MLS
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