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    Turnkey Duplex Investment Property Title is generated by Realmo AI

    537 W University, Fresno, CA 93705

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    Claim this Listing
    For Sale
    $339,900

    MULTI_FAMILY - Fresno, CA

    Property size:
    2,266 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $150/SF
    Added:
    May 1, 2026
    Days on Market:
    63
    Last Refresh:
    Jul 2 at 6:06 pm

    Property Features for 537 W University

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RS5
    Parking features
    Carport, Open, Garage
    Fireplace
    1
    Standard status
    Active
    APN
    44419320
    Size
    2,266 SF
    Lot size
    0.19 Acres

    Building Details

    Floors in Building
    1
    Flooring type
    Laminate
    Roof type
    Composition

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    Contact an agent
    Marie Meza

    Listing agent Marie Meza License #01772801

    Listing office eXp Realty of Greater Los Angeles, Inc. 303 N Glenoaks Blvd., Ste. 200, Burbank, CA

    Listing date May 1, 2026

    MLS# 234101 Listing URL

    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

    • Duplex at 537 W University Ave, Fresno, offered as an income‑producing multi‑family property.
    • Laminate flooring throughout.
    • Parking includes carport and open parking, plus a garage.
    • Fireplace included.
    • Composition roof.

    Overview

    This turnkey duplex investment property includes a two-unit residential structure on a 0.1928-acre lot, totaling 2,266 square feet. The site is set up for easy day-to-day operations with ample parking and low-maintenance grounds, supporting straightforward property management.

    The property is located at 537 W University Ave in Fresno, California 93705, within RS5 zoning. As a residential income property, it is designed for consistent rental use under the existing zoning designation.

    For investors or buyers looking to enter the duplex market, this offering provides a manageable multi-family configuration with practical exterior features that help reduce operational friction. With a turnkey presentation and a residential zoning foundation, it can serve as an entry point for those seeking a duplex focused on streamlined ownership.

    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 $44.9k $19.80
    − Vacancy −$2.5k −$1.09
    EGI $42.4k $18.71
    − OpEx −$12.7k −$5.61
    NOI $29.7k $13.10
    2,266 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $424.0K
    $371.0K – $494.7K (±1% cap)
    NOI $29,679 @ 7.0% cap · market cap 8.73%
    Second Best
    Apartment 5plus
    $371.4K
    $325.0K – $433.3K (±1% cap)
    NOI $26,000 @ 7.0% cap · market cap 7.65%
    Theoretical Best
    Office A
    $667.8K
    $584.3K – $779.1K (±1% cap)
    NOI $46,743 @ 7.0% cap · market cap 13.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Gym & Fitness Center Kitchen & Bath Showroom Bar & Pub Tech Support Center HVAC Service Clothing & Fashion Store Computer & Electronic Repair Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.818545
    Latitude
    36.766839

    FAQs

    What type of property is this?
    Duplex - Turnkey duplex offering ample parking and low-maintenance grounds, positioned in a residential RS5 zoning area.
    Where is this duplex located?
    The property is located at 537 W University Fresno, CA.
    What is the asking price?
    The asking price for this property is $339,900.
    What are key features of this property?
    This property features: Duplex at 537 W University Ave, Fresno, offered as an income‑producing multi‑family property.; Laminate flooring throughout.; Parking includes carport and open parking, plus a garage.
    More about this property
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