REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Robert M. Balina • Synergize Realty
$ 695,000
Est. payment | /mo
2,862 SqFt
$ 695,000
Est. payment | /mo
2,862 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,862 sqft
Price per Sqft $242
MLS Listing ID ML82016151
HOA Y/N No
Year Built 1958
Lot Size 7,600 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
5-Unit Apartment Complex in Fresno's Historic Lowell neighborhood and thriving rental market. This property offers a rare combination of modern upgrades and strong cash flow potential, and close to city amenities. Updated units with 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 located near the intersection of Highways 99 and 180 near Downtown Fresno. Diverse shopping centers within 1.5 miles, including international grocers and small markets on East Olive Avenue. The Community Regional Medical Center is walking distance. All units are 100% fully occupied with some Section 8 tenants with Fresno County Housing Authority.
Location
State CA
County Fresno
Interior
Heating Wall Furnace
Flooring Laminate, Tile
Fireplace No
Appliance Refrigerator
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
GET MORE INFORMATION
Glen Riggs
REALTOR® | Lic# CA DRE 02161397