
2842 N First St Fresno, CA 93703
McLane NeighborhoodEstimated payment $3,534/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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