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Gurpriit Atwal

gatwal@intero.com +1(510) 399-3462

Listed by Robert M. Balina • Synergize Realty

$ 549,000

Est. payment -/mo

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2842 N First ST Fresno, CA 93703

6 Beds

4 Baths

3,026 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,026 sqft

Price per Sqft $181

MLS Listing ID ML82016163

Bedrooms 6

Full Baths 4

Year Built 1951

Lot Size 9,100 Sqft

Property Sub-Type Fourplex

Property Description

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.

Location

State CA

County Fresno

Zoning R3

Rooms

Kitchen Exhaust Fan, Garbage Disposal, Oven Range, Refrigerator

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Flooring Laminate, Tile

Laundry Washer / Dryer

Exterior

Parking Features Attached Garage

Garage Spaces 3.0

Utilities Available Public Utilities

Roof Type Composition

Building

Story 1

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Level or Stories 1

Others

Tax ID 44514111

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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