2263 E Thomas Avenue, Fresno, CA 93701
MULTI_FAMILY - Fresno, CA
- Added:
- May 1, 2026
- Days on Market:
- 63
- Last Refresh:
- Jul 2 at 6:06 pm
Property Features for 2263 E Thomas Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RS5
- Parking features
- Carport
- Standard status
- Active
- APN
- 45223525
- Size
- 2,942 SF
- Lot size
- 0.45 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Water source
- Public
Building Details
- Floors in Building
- 1
Listing agent Marie Meza License #01772801 (559) 246-4905
Listing office eXp Realty of Greater Los Angeles, Inc. 303 N Glenoaks Blvd., Ste. 200, Burbank, CA (888) 652-1314
Listing date May 1, 2026
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.
HighLights
- Multi‑unit investment property featuring five units.
- Income‑producing asset offering immediate income generation.
- Consistent rental demand makes this a sound investment.
- Turnkey asset with value‑add opportunity for increased returns.
- Features central heating.
- Includes carport parking.
Overview
The asset is located in Fresno, California 93701 within Fresno County. The listing is presented as an opportunity for buyers seeking either a turnkey approach or a value-add strategy, depending on their operating preferences.
From a tenant and operator perspective, five units can support a managed residential rental business while remaining sized for hands-on stewardship. For investors, RS5 zoning and the defined multi-unit configuration may align with plans for small-scale apartment ownership and long-term rental operations, subject to buyer due diligence on unit condition and income details.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.6k | $21.96 |
| − Vacancy | −$3.2k | −$1.10 |
| EGI | $61.4k | $20.86 |
| − OpEx | −$27.6k | −$9.39 |
| NOI | $33.8k | $11.47 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.783864
- Latitude
- 36.752762
