Eight-Unit Apartment
3940 E Burns Avenue Fresno, CA 93725
MULTI_FAMILY - Fresno, CA
Property size:
5,400 SFLot size:
0.29 AcresPrice / SF:
$217/SF- Added:
- Apr 12, 2026
- Days on Market:
- 89
- Last Refresh:
- Jul 9 at 8:06 pm
Property Features for 3940 E Burns Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 16
- Bathrooms
- 8
- Rooms
- Bedroom 2, Bedroom 7, Bedroom 1, Bedroom 14, Bathroom 6, Bathroom 8, Bathroom 3, Bathroom 7, Bedroom 12, Bedroom 5, Bedroom 6, Bedroom 10, Bedroom 11, Bathroom 5, Bathroom 4, Bedroom 15, Bedroom 13, Bedroom 9, Bedroom 16, Bedroom 4, Bedroom 3, Bedroom 8, Bathroom 2, Bathroom 1
- Parking features
- Covered, Carport
- Exterior features
- Stucco, Stone
- Standard status
- Active
- APN
- 48027301
- Size
- 5,400 SF
- Lot size
- 0.29 Acres
Building Details
- Year built
- 1963
- Floors in Building
- 2
- Number of units
- 8
- Roof type
- Composition
Listing agent Gautam Atri (559) 285-4841
Listing office Universal Realty Services, Inc. 1520 Shaw Ave, Clovis, CA (559) 298-0180
Listing date Apr 12, 2026
MLS# 647009
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 is an eight-unit multifamily property with a consistent unit mix of two bedrooms and one bathroom in every residence. The interior package includes new paint across all units within the past year, along with a range of updates such as new floors, remodeled kitchens, and renovated bathrooms. Several units have been upgraded with newer appliances and finishes, including modernized kitchen and bath components. Exterior improvements include a brand new roof and newly painted outdoor surfaces.
The property is located at 3940 E Burns Avenue in Fresno, California 93725. The offering is for a stabilized income-producing building with the same functional layout throughout the asset.
For investors or owner-operators, this configuration can simplify leasing and operations by keeping the tenant experience consistent across all eight units. The mix of recently renovated interiors and refreshed building-level improvements supports an orderly, maintainable property presentation. The remaining opportunity centers on continuing modernization where legacy elements may remain, building on the updates already completed across kitchens, baths, flooring, and select unit improvements.
The property is located at 3940 E Burns Avenue in Fresno, California 93725. The offering is for a stabilized income-producing building with the same functional layout throughout the asset.
For investors or owner-operators, this configuration can simplify leasing and operations by keeping the tenant experience consistent across all eight units. The mix of recently renovated interiors and refreshed building-level improvements supports an orderly, maintainable property presentation. The remaining opportunity centers on continuing modernization where legacy elements may remain, building on the updates already completed across kitchens, baths, flooring, and select unit improvements.
Key Highlights
- 8‑unit multifamily with all units configured as 2 bed, 1 bath
- Total monthly income $9,731; total annual income $116,772 (per provided financial summary)
- Operating expenses (annual) include insurance $4,700, water & sewer $3,000, trash $2,800, and common electric/gas $900
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 | $118.6k | $21.96 |
| − Vacancy | −$5.9k | −$1.10 |
| EGI | $112.7k | $20.86 |
| − OpEx | −$50.7k | −$9.39 |
| NOI | $62.0k | $11.47 |
5,400 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$885.1K
$774.5K – $1.03M
NOI $61,960 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,391 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Eight 2 bed/1 bath units with recent interior upgrades, plus a newly installed roof and refreshed exterior paint.
Where is this apartment building located?
The property is located at 3940 E Burns Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 8‑unit multifamily with all units configured as 2 bed, 1 bath; Total monthly income $9,731; total annual income $116,772 (per provided financial summary); Operating expenses (annual) include insurance $4,700, water & sewer $3,000, trash $2,800, and common electric/gas $900
