Triplex Building with Two-Story
For Sale
$544,900
1361 N Archie Avenue, Fresno, CA 93703
MULTI_FAMILY - Fresno, CA
Property Size2,732 SF
Lot Size0.17 Acres
Price / SF$199.45
Days on Market117
Property Features for 1361 N Archie Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM1
Parking features
Garage
Directions
From Hwy 180, exit Clovis Ave and head north. Turn right on Olive Ave, then left on N Archie Ave. Property will be on the right.
Subdivision
Fresno
Standard status
Active
APN
45322125
Size
2,732 SF
Lot size
0.17 Acres
Utilities
Heating system
Central
Water source
Public
Building Details
Floors in Building
2
Flooring type
Laminate
Roof type
Composition
Listing Agency:
eXp Realty of Greater Los Angeles, Inc.
(888) 652-1314
Listed By:
Marie Meza · License #01772801
(559) 246-4905
Added: Apr 29
Changed: Jul 30
Last Checked: Aug 23 at 10:06AM
MLS# 234087
Copyright © 2026 Kings County Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained two-story triplex offers three fully occupied units. The unit mix includes two fully updated units and one long-term tenant with approximately 10 years remaining. Each unit is equipped with HVAC and includes garage space, supporting tenant appeal and long-term occupancy. Interior finishes include laminate flooring, and the home is heated with central heating. The property is serviced by public water and is covered by a composition roof.
The site sits on a 0.1744-acre lot, totaling 2,732 square feet. Zoning is RM1.
The current configuration is designed for day-to-day, low-maintenance operation, with minimal deferred maintenance noted and continued in-place income.
The site sits on a 0.1744-acre lot, totaling 2,732 square feet. Zoning is RM1.
The current configuration is designed for day-to-day, low-maintenance operation, with minimal deferred maintenance noted and continued in-place income.
Key Highlights
- Fully occupied 3‑unit triplex in an RM1 zone
- Two‑story building with three units
- Two fully updated units plus one long‑term tenant of approximately 10 years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,783
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$715,660
$715.7K
Cap Rate 7%
$511,186
$511.2K
Cap Rate 9%
$397,589
$397.6K
Market Conditions
NOI Build-Up for 2,732 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.1K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$51.1K $18.71/SF
− OpEx
−$15.3K −$5.61/SF
NOI
$35.8K $13.10/SF
Area
Fresno, CA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$715,660
Cap Rate 7%
$511,186
Cap Rate 9%
$397,589
Alternative Uses
Best Use
Multifamily LT 5
$511.2K
$447.3K – $596.4K
NOI $35,783 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$447.8K
$391.8K – $522.5K
NOI $31,347 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$805.1K
$704.5K – $939.3K
NOI $56,356 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 93703, CA
34,840
Population
11,155
Households
3.1
Avg Household Size
31
Median Age
9%
College-Educated
72%
High-School Grad
4.8 sq mi
ZIP Area
7,258
Density / Sq Mi
$43,236
Median Household Income
$30,359
Median Earnings
$1,204
Median Rent
$250,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - RM1 zoned, fully occupied 3-unit triplex with central HVAC and garage space for each unit.
Where is this triplex located?
The property is located at 1361 N Archie Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $544,900.
What are key features of this property?
This property features: Fully occupied 3‑unit triplex in an RM1 zone; Two‑story building with three units; Two fully updated units plus one long‑term tenant of approximately 10 years
