NOT LISTED FOR SALE

581 W Lincoln Ave Clovis, CA 93612

50 Beds
46 Baths
23,164 Sq Ft
0.92 Acres

Last Sold January 24, 2025

Last sale price $3,250,000 $140 Per Sq Ft

59 Days on Market

Highlights

  • 0.92 Acre Lot
  • Central Air
  • Wood Siding
  • Clark Intermediate School Rated A

About This Home

As of January 2025

The Clovis Portfolio consists of two properties, The Lincoln built in 1987 and Alder built in1964. This offers a savvy long-term investor the opportunity to purchase an asset in thecity of Clovis, one of California's most sought-after community. Below Market Rents: The market rents at both properties are below area comps. Our RentSurvey reveals at least another 35 cents per square foot is available with no additionalupgrades. Value-Add Opportunity: With upgrades, the future owner can achieve rent premiums asmuch as $50.00 to $100.00 per month. Access to Major Employment and Education Centers: The Clovis Portfolio is just eastof California State University- Fresno. To the south is freeway 168.

Last Agent to Sell the Property

Brendan Kane

Brendan Kane Real Estate License #01976828 Listed on: 08/20/2024

Last Buyer's Agent

Brendan Kane

Brendan Kane Real Estate License #01976828 Listed on: 08/20/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.92

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 23,164 Sq Ft Home
  • Multi-Level Property

Bedrooms and Bathrooms

  • 50 Bedrooms
  • 46 Bathrooms

Parking

  • Carport
  • Uncovered Parking

Additional Features

  • 0.92 Acre Lot
  • Central Air

Listing and Financial Details

  • Tenant pays for all utilities

Community Details

Overview

  • 4 Buildings
  • 27 Units

Building Details

  • Gross Income $500,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: 16 Units & More
  • Price Per Square Foot: 140.30
  • Year Built Exception: 0
  • Stories: Multi/Split
  • Special Features: None
  • Year Built: 1987

Interior Features

  • Fireplace: None
  • Bathrooms: 46.00
  • Bedrooms: 50
  • Square Footage: 23164.00

Exterior Features

  • Roofing: Composition
  • Exterior: Wood, Brick
  • Foundation: Both

Garage/Parking

  • Additional Parking: Carport, 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: 0.9200
  • Lot Measurement: Acres
  • Lot Size Sq Ft: 40075.00
  • Price Per Acre: 3532608.70

Building Info

  • Year Built: 1987

Rental Info

  • TenantPays: All Utilities

Multi Family

  • Annual Income: 500800.00
  • IncomeIncludes: Unit Rent, Laundry
  • Total Units: 27

MLS Schools

  • School District 2: Clovis Unified

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
01/24/2025 01/24/25 Sold $3,250,000 -33.0% $140 / Sq Ft
10/18/2024 10/18/24 Pending -- -- --
08/20/2024 08/20/24 For Sale $4,850,000 -- $209 / Sq Ft
Source: Fresno MLS

Tax History Compared to Growth

Source: Public Records

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 $38,325 $3,235,800 $220,000 $3,015,800
2023 $25,520 $2,104,345 $132,841 $1,971,504
2022 $24,762 $2,067,036 $130,237 $1,936,799
2021 $24,007 $2,020,933 $127,684 $1,893,249
2020 $23,953 $2,003,370 $126,375 $1,876,995
2019 $23,522 $1,966,762 $123,898 $1,842,864
2018 $23,021 $1,928,920 $121,469 $1,807,451
2017 $22,667 $1,894,131 $119,088 $1,775,043
2016 $21,914 $1,857,778 $116,753 $1,741,025
2015 $21,481 $1,377,474 $104,510 $1,272,964
2014 $16,079 $1,355,515 $102,463 $1,253,052
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2025

    Brendan Kane

    Brendan Kane Real Estate

See All Agents

Map

Source: Fresno MLS

MLS Number: 618527

Fresno MLS

APN: 420-141-14

California Fresno County Clovis 93612

581 W Lincoln Ave, Clovis, CA

Not Listed for Sale

MultiFamily

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