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    1911 E Saginaw Way Fresno, CA 93726

    Sponsored
    For Sale
    $1,169,000

    MULTI_FAMILY - Fresno, CA

    Property size:
    5,038 SF
    Lot size:
    0.22 Acres
    Days on Market:
    10
    Last Refresh:
    Jan 30 at 6:06 am

    Property Features for 1911 E Saginaw Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 16, Bedroom 18, Bedroom 7, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 17, Bedroom 5, Bedroom 11, Bathroom 1, Bedroom 15, Bedroom 3, Bedroom 2, Bedroom 10, Bathroom 4, Bedroom 1, Bedroom 9, Bedroom 12, Bedroom 13, Bathroom 5, Bedroom 8, Bedroom 14, Bathroom 6
    Bedrooms
    18
    Bathrooms
    6
    APN
    43618313
    Parking features
    Carport, Covered
    Exterior features
    Stucco, Wood
    Size
    5,038 SF
    Lot size
    0.22 Acres

    Building Details

    Year built
    1988
    Floors in Building
    2
    Number of units
    6
    Roof type
    Composition

    We can help!

    Listing Contact
    Eduardo Guajardo

    eXp Realty of California, Inc. (888) 584-9427 x119

    Listing agent Deborah Penny

    Listing date Jan 21, 2026

    MLS# 617815 Listing URL

    Copyright © 2026 Fresno Association 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.

    Learn more

    Property Insight Report

    Overview

    Fresno Multifamily Investment Opportunity

    This six-unit apartment complex presents a desirable investment opportunity in North Fresno, California. Located near HWY 41, the property features spacious 3-bedroom, 1-bathroom units. Each unit includes a comfortable living room and kitchen layout, along with centralized HVAC for heating and cooling. The property is fully occupied and includes a utility reimbursement, offering immediate upside for investors. Recent improvements include a newer composition roof installed in 2022, updated interior flooring in select units, and a fresh exterior paint finish. The property provides 10 on-site parking spaces, plus additional street parking. A shared utility room generates supplemental income through leased washer and dryer units. The complex is professionally managed and situated among similar rental properties. The location is consistently desirable for tenants, with a community park, shopping centers, and public transit options nearby. The lot size is 0.2185 acres. The property size is 5038 square feet. With strong rental demand, this property is well-positioned for continued performance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.787817
    Latitude
    36.788906

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment complex in North Fresno with immediate income potential.
    Where is this apartment building located?
    The property is located at 1911 E Saginaw Way Fresno, CA.
    What is the asking price?
    The asking price for this property is $1,169,000.
    What are key features of this property?
    This property features: - Fully occupied 6-unit apartment complex offering immediate income.; - Spacious 3-bedroom units feature centralized HVAC.; - Recent improvements include a newer roof (2022), updated flooring in select units, and fresh exterior paint.
    (888) 584-9427
    Request Owner's contact information
    1911 E Saginaw Way Fresno, CA 93726
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    Fresno, CA 93726
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1911 E Saginaw Way Fresno, CA 93726
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    We can help!
    Listing Contact
    Eduardo Guajardo
    (888) 584-9427
    Learn more
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