840 E Brown Ave Fresno, CA 93704

Step into the timeless appeal of Normandy Village Apartments, one of Fresno's most iconic and architecturally significant multifamily properties. Built circa 1935 and listed on the City of Fresno's Local Register of Historic Resources (H.P. #209), this 16-unit courtyard community features whimsical Storybook architecture, hand-wrought iron details, decorative brickwork, and distinctive facades.Recent paint and dry-rot repairs have refreshed the property while maintaining its original character. The off-site owner has not actively filled vacancies, offering immediate upside for a hands-on investor. Three units are currently vacantonly two need to be leased to meet the pro forma income, with full occupancy pushing returns even higher.Located just blocks from the Tower District, residents enjoy walkable access to dining, entertainment, and cultural amenities. The property's charm and layout also make it ideal for a boutique Airbnb or short-term rental concept, appealing to tenants and guests seeking a unique living experience.Each of the six buildings opens onto landscaped courtyards that foster community and add curb appeal. The colorful accents and asymmetrical design make Normandy Village a true local landmark admired for nearly a century.As a designated historic property, Normandy Village may qualify for Mills Act property tax reductions and other preservation incentives, helping boost long-term returns while supporting ongoing restoration.