Four-Unit Residential Income
3378 W Shields Avenue Fresno, CA 93722
MULTI_FAMILY - Fresno, CA
Property size:
4,328 SFLot size:
0.07 AcresPrice / SF:
$150/SF- Added:
- Apr 2, 2026
- Days on Market:
- 99
- Last Refresh:
- Jul 9 at 11:06 pm
Property Features for 3378 W Shields Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 8
- Rooms
- Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 7, Bathroom 1, Bathroom 5, Bathroom 8, Bedroom 5, Bedroom 8, Bedroom 6, Bedroom 1, Bedroom 2, Bedroom 9, Bathroom 7, Bathroom 6, Bedroom 10, Bedroom 4, Bedroom 3
- Exterior features
- Wood
- Standard status
- Active
- APN
- 43350031
- Size
- 4,328 SF
- Lot size
- 0.07 Acres
Building Details
- Year built
- 1990
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shake
Listing agent Paul Gestic License #01376488 (559) 438-9410
Listing office Fresno Income Properties 7575 N Del Mar Suite #102, Fresno, CA (559) 438-9410
Listing date Apr 2, 2026
MLS# 646449
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.
Investment Insights
Based on property information with market context.
This Fresno four-unit residential income property offers a practical unit mix designed for everyday living. The building includes two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units, with each unit just over 1,000 square feet. All units are equipped with washer/dryer hookups, a garage, and a patio.
The property is located at 3378 W Shields Avenue in Fresno, CA 93722. The lot size is approximately 0.0723 acres, with a total property size listed at 4,328 square feet. Please note that tenants are currently in place; do not walk the property or disturb tenants, and offers are subject to a walkthrough inspection.
This configuration can fit a range of buyers, including an owner-occupant looking to live in one unit while renting the others, an investor seeking a small multi-family addition, or a 1031 exchange buyer pursuing a replacement property in the Fresno market. The consistent amenities across units may help simplify day-to-day tenant experience and unit upkeep.
The property is located at 3378 W Shields Avenue in Fresno, CA 93722. The lot size is approximately 0.0723 acres, with a total property size listed at 4,328 square feet. Please note that tenants are currently in place; do not walk the property or disturb tenants, and offers are subject to a walkthrough inspection.
This configuration can fit a range of buyers, including an owner-occupant looking to live in one unit while renting the others, an investor seeking a small multi-family addition, or a 1031 exchange buyer pursuing a replacement property in the Fresno market. The consistent amenities across units may help simplify day-to-day tenant experience and unit upkeep.
Key Highlights
- Fresno 4‑unit complex built in 1990
- Unit mix: two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units
- Each unit is just over 1,000 sq ft (per listing description)
Local Financial Insights For Multifamily LT 5
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 | $75.3k | $17.40 |
| − Vacancy | −$3.4k | −$0.78 |
| EGI | $71.9k | $16.62 |
| − OpEx | −$21.6k | −$4.99 |
| NOI | $50.3k | $11.63 |
4,328 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$719.2K
$629.3K – $839.1K
NOI $50,343 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$645.0K
$564.4K – $752.5K
NOI $45,152 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$922.4K
$807.1K – $1.08M
NOI $64,567 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Underground Foundation
Church
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FAQs
What type of property is this?
Quadplex - Well-sized four-unit complex with in-unit washer/dryer hookups, garages, and patios for tenant convenience.
Where is this quadplex located?
The property is located at 3378 W Shields Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Fresno 4‑unit complex built in 1990; Unit mix: two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units; Each unit is just over 1,000 sq ft (per listing description)
