$549,000
PENDING

Estimated payment $3,534/month

Total Views 1,116
6 Beds
4 Baths
3,026 Sq Ft
$181 Price per Sq Ft

Highlights

  • Tile Flooring
  • Washer and Dryer
  • 1-Story Property

About This Home

Here's a multifamily 4-plex in the vibrant McLane neighborhood of Fresno. This turnkey property offers a rare combination of modern upgrades and strong cash flow potential, and close to city amenities. A large property with over 3,060 sqft updated to attract quality tenants and minimize maintenance costs. Updated units include laminate wood flooring, new countertops, appliances, and contemporary fixtures. Fresnos rental market is booming, ranking as the 9th most competitive rental market in the nation with a low vacancy rate of just 2.9%, tying for the 6th lowest in the U.S. (Forbes, 2024). Since 2019, fair market rents in Fresno have surged by 50%, with average rents now at $1,285/month and ranging up to $1,907/month depending on unit size and location (Apartments.com). This property is walking distance to Manchester Center, a large mall with a movie theater and weekly farmers market. Close to local favorites like Blackbeards Family Entertainment, Fresno State University, and Fresno Pacific University, ideal for student or faculty tenants. All units are 100% fully occupied with some Section 8 tenants with Fresno County Housing Authority.

Listing Agent

Robert Balina

Synergize Realty License #01263881 Listed on: 07/28/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • 1951

Lot Details

  • 9,100 Sq Ft Lot

Parking

  • 3 Car Garage

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,026 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Laminate
  • Tile

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Vented Exhaust Fan

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,640
  • Insurance Expense $1,800
  • Utility Expense $1,548
  • Trash Expense $1,308
  • Operating Expense $10,596
  • Gross Income $53,199

Property Details

Home Type

Multi-Family

Year Built

1951

Lot Details

0

Parking

3

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Age: 74
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3026
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1951

Interior Features

  • Kitchen: Exhaust Fan, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3026
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Laminate, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Fresno Unified

Lot Info

  • Lot Acres: 0.2089
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9100.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9100.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 10.22
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1800
  • Expense Landscape: 1640
  • Expenses Total: 10596
  • Expenses Utility: 1548
  • Expense Trash: 1308
  • Income Annual Gross: 53199.00
  • Income Annual Rental: 53736
  • Income Gross Scheduled: 53736
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Rent Only
  • Vacancy Factor: 1

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
08/05/2025 08/05/25 Pending -- -- --
07/28/2025 07/28/25 For Sale $549,000 -- $181 / Sq Ft
Source: MLSListings

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Source: MLSListings

MLS Number: ML82016163

MLSListings