Five-Unit Apartment Building with 2BR
382 N Glenn Avenue Fresno, CA 93701
382 N Glenn Avenue, Fresno, CA, 93701
$700,000
For Sale
$700,000
MULTI_FAMILY - Fresno, CA
Property Size4,260 SF
Lot Size0.17 Acres
Price / SF$164.32
Days on Market12
Property Features for 382 N Glenn Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bedroom 7, Bedroom 9, Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 10, Bathroom 4, Bedroom 2, Bedroom 6, Bedroom 8, Bathroom 1, Bathroom 5
- Parking features
- Carport
- Exterior features
- Stucco, Brick
- Standard status
- Active
- APN
- 45915222
- Size
- 4,260 SF
- Lot size
- 0.17 Acres
Building Details
- Year built
- 1966
- Floors in Building
- 2
- Number of units
- 5
Listing Agency
HomeSmart PV and Associates
(559) 473-2555
802 W PINEDALE AVE STE 101, Modesto, CA
Listed by
Puneet Bhargava
(209) 602-6147
Added: Jul 6 Checked: Jul 17 at 1:06 am
MLS# 651534
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 well-maintained five-unit apartment building offers five spacious 2-bedroom, 1-bath units. All units are currently occupied with annual leases in place, with approximately 11 months remaining on each lease. Interior finishes are described as nicely updated throughout. Current monthly rental income totals $6,932. Utility expenses average approximately $190 per month for water and approximately $195 per month for trash.
The property is located at 382 N Glenn Avenue in Fresno, CA 93701, on a 0.1745-acre lot. Access is noted as convenient, with the site located less than one mile from Highway 180, supporting nearby access to shopping, restaurants, schools, and other amenities.
For investors or owner-operators looking for an income-producing residential asset, this property is structured as a fully occupied, multi-unit rental with a defined lease status across all five apartments. It presents a straightforward management profile given the consistent 2-bedroom, 1-bath unit mix and the stated in-place annual leases. The listing also cites an estimated 9.2% cap rate based on current income and operating expenses, using the figures provided in the remarks.
The property is located at 382 N Glenn Avenue in Fresno, CA 93701, on a 0.1745-acre lot. Access is noted as convenient, with the site located less than one mile from Highway 180, supporting nearby access to shopping, restaurants, schools, and other amenities.
For investors or owner-operators looking for an income-producing residential asset, this property is structured as a fully occupied, multi-unit rental with a defined lease status across all five apartments. It presents a straightforward management profile given the consistent 2-bedroom, 1-bath unit mix and the stated in-place annual leases. The listing also cites an estimated 9.2% cap rate based on current income and operating expenses, using the figures provided in the remarks.
Key Highlights
- Five‑unit apartment building with five 2‑bedroom, 1‑bath units
- All units currently occupied with annual leases in place; approximately 11 months remaining on each lease
- Current total monthly rental income of $6,932
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 | $93.5k | $21.96 |
| − Vacancy | −$4.7k | −$1.10 |
| EGI | $88.9k | $20.86 |
| − OpEx | −$40.0k | −$9.39 |
| NOI | $48.9k | $11.47 |
4,260 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$698.3K
$611.0K – $814.7K
NOI $48,880 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.46M
NOI $87,875 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five occupied 2-bedroom units generate current rental income under annual leases.
Where is this apartment building located?
The property is located at 382 N Glenn Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Five‑unit apartment building with five 2‑bedroom, 1‑bath units; All units currently occupied with annual leases in place; approximately 11 months remaining on each lease; Current total monthly rental income of $6,932
