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Turnkey Multifamily Investment Property

2311 E White Avenue, Fresno, CA 93701

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For Sale

$709,000

MULTI_FAMILY - Fresno, CA

Property size:

3,304 SF

Lot size:

0.17 Acres

Price / SF:

$214/SF

HighLights

Fully occupied 4‑unit multifamily property with four 2‑bedroom, 1‑bath units
Three of the four units were recently renovated with wood‑style flooring, fresh interior paint, updated lighting and hardware, and refreshed kitchen finishes
Kitchen updates include subway tile backsplash and new granite counters in the renovated units
Exterior improvements include recently painted exterior with new fascia
All units are tenant occupied on month‑to‑month agreements
One unit is currently below market rent, with an unfinished downstairs laundry/storage area that may offer additional income potential

We can help!

Contact an agent

Diego Hinojosa

For Sale

$709,000

MULTI_FAMILY - Fresno, CA

Property size:

3,304 SF

Lot size:

0.17 Acres

Price / SF:

$214/SF

Added:: Mar 3, 2026
Days on Market:: 116
Last Refresh:: Jun 27 at 3:06 pm

Property Features for 2311 E White Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 8
Bathrooms: 4
Rooms: Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 7, Bedroom 8, Bedroom 3, Bathroom 2
Parking features: Carport
Exterior features: Wood
Standard status: Active
APN: 45231321
Size: 3,304 SF
Lot size: 0.17 Acres

Building Details

Year built: 1979
Floors in Building: 2
Number of units: 4
Roof type: Composition

We can help!

Contact an agent

Diego Hinojosa

Listing agent Diego Hinojosa License #02041380

Listing office Iron Key Real Estate 7643 N INGRAM AVE STE 101, Fresno, CA

Listing date Mar 3, 2026

MLS# 644671 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.

HighLights

Fully occupied 4‑unit multifamily property with four 2‑bedroom, 1‑bath units
Three of the four units were recently renovated with wood‑style flooring, fresh interior paint, updated lighting and hardware, and refreshed kitchen finishes
Kitchen updates include subway tile backsplash and new granite counters in the renovated units
Exterior improvements include recently painted exterior with new fascia
All units are tenant occupied on month‑to‑month agreements
One unit is currently below market rent, with an unfinished downstairs laundry/storage area that may offer additional income potential

Overview

This is a fully occupied 4-unit multifamily investment property. Located in the 93701 zip code, the property is near Downtown Fresno redevelopment, the Fulton Street corridor, the courthouse district, and minutes from the Tower District. The property consists of four 2-bedroom, 1-bath units. Three of the four units were recently renovated with modern wood-style flooring, fresh interior paint, updated lighting, hardware, and refreshed kitchen finishes, including a subway tile backsplash and new granite counters. The exterior has been recently painted with new fascia, offering strong curb appeal and reduced deferred maintenance. The property shows clean and well maintained. All units are tenant occupied on month-to-month agreements providing immediate cash flow and operational flexibility. One unit is currently below market rent, offering built-in rental upside under current California rent guidelines. The property is situated on a 0.1722-acre lot. Additional income opportunity is available through the unfinished downstairs laundry/storage area. The property is ideal for 1031 exchange buyers or investors seeking a stabilized multifamily asset with recent improvements and strong in-place income. It is a perfect opportunity for a 6% cap rate, income-producing rental.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$65.4k	$19.80
− Vacancy	−$3.6k	−$1.09
EGI	$61.8k	$18.71
− OpEx	−$18.5k	−$5.61
NOI	$43.3k	$13.10

3,304 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$618.2K

$540.9K – $721.3K (±1% cap)

NOI $43,275 @ 7.0% cap · market cap 6.10%

Second Best

Apartment 5plus

$541.6K

$473.9K – $631.8K (±1% cap)

NOI $37,910 @ 7.0% cap · market cap 5.35%

Theoretical Best

Office A

$973.6K

$851.9K – $1.14M (±1% cap)

NOI $68,155 @ 7.0% cap · market cap 9.61%

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

Property Profile Location Intelligence

Current Use by Public Records

Anthony James Apartments Apartment Building

Suggested Use

Location Insight

Map
Local Demand

City: Fresno
County: Fresno
State: California
Longitude: -119.783146
Latitude: 36.751752

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For sale
Quadplexes
CA
Fresno
93701
2311 E White Avenue

What type of property is this?

Quadplex - Fully occupied 4-unit property near Downtown Fresno and Tower District.

Where is this quadplex located?

The property is located at 2311 E White Avenue Fresno, CA.

What is the asking price?

The asking price for this property is $709,000.

What are key features of this property?

This property features: Fully occupied 4‑unit multifamily property with four 2‑bedroom, 1‑bath units; Three of the four units were recently renovated with wood‑style flooring, fresh interior paint, updated lighting and hardware, and refreshed kitchen finishes; Kitchen updates include subway tile backsplash and new granite counters in the renovated units

2311 E White Avenue, Fresno, CA 93701

MULTI_FAMILY - Fresno, CA

Property Features for 2311 E White Avenue

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Medical Office Building

Retail Storefront Property

Mixed-Use Bar and Office Building

Office Building For Sale

Sorority House Near Bulldog Stadium

Three-Home Residential Income Property

Warehouse and Distribution Facility

Office Building For Sale

Automotive Service Retail Building

Retail Storefront Property

Fresno Income-Producing Fourplex

Fresno Commercial Property For Sale

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