5-Unit Multifamily
571 W Ashlan Avenue Clovis, CA 93612
MULTI_FAMILY - Clovis, CA
Property size:
4,783 SFLot size:
0.19 AcresPrice / SF:
$186/SF- Added:
- Jun 13, 2026
- Days on Market:
- 27
- Last Refresh:
- Jul 9 at 11:06 pm
Property Features for 571 W Ashlan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 6
- Rooms
- Bathroom 3, Bathroom 5, Bedroom 2, Bathroom 4, Bedroom 7, Bedroom 1, Bedroom 9, Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 10, Bedroom 3, Bedroom 8, Bathroom 2, Bathroom 6, Bathroom 1
- Parking features
- Carport
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 43063228
- Size
- 4,783 SF
- Lot size
- 0.19 Acres
Building Details
- Year built
- 1978
- Floors in Building
- 2
- Number of units
- 5
- Roof type
- Composition
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 Jun 13, 2026
MLS# 650448
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 5-unit multifamily property in Clovis, California offers a mix of townhouse-style and apartment layouts. The front unit features a spacious 2-bedroom, 2-bathroom design with a fireplace and in-unit laundry. The side units are 2-bedroom, 1-bathroom townhouse-style layouts, while the rear units consist of 2-bedroom, 1-bathroom apartments positioned above the carports.
Recent upgrades include tile flooring in the kitchens and bathrooms and granite countertops. Each unit is described as having appliances including refrigerators, stoves, and dishwashers. The property is also stated to be in compliance with recent California balcony law.
With a total size of approximately 4,783 square feet on a 0.1873-acre lot, the community configuration provides a practical mix of unit types for prospective owners and operators. The front-unit amenities and in-unit laundry can support resident appeal, while the updated kitchen and bath finishes add consistency across the property. Please note that tenants are not to be disturbed; contact your agent for additional details and submit offers subject to interior inspection.
Recent upgrades include tile flooring in the kitchens and bathrooms and granite countertops. Each unit is described as having appliances including refrigerators, stoves, and dishwashers. The property is also stated to be in compliance with recent California balcony law.
With a total size of approximately 4,783 square feet on a 0.1873-acre lot, the community configuration provides a practical mix of unit types for prospective owners and operators. The front-unit amenities and in-unit laundry can support resident appeal, while the updated kitchen and bath finishes add consistency across the property. Please note that tenants are not to be disturbed; contact your agent for additional details and submit offers subject to interior inspection.
Key Highlights
- 5‑unit property in Clovis, CA, built in 1978
- Unit mix includes one 2 bed/2 bath front unit, side townhouse‑style 2 bed/1 bath units, and rear 2 bed/1 bath apartments above the carports
- Front unit features a fireplace and in‑unit laundry
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 | $120.5k | $25.20 |
| − Vacancy | −$6.6k | −$1.39 |
| EGI | $113.9k | $23.81 |
| − OpEx | −$51.3k | −$10.72 |
| NOI | $62.6k | $13.10 |
4,783 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$894.9K
$783.1K – $1.04M
NOI $62,646 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.41M
NOI $84,349 @ 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
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FAQs
What type of property is this?
Apartment building - Five residential units with updated finishes and in-unit laundry features, positioned for day-to-day tenant convenience.
Where is this apartment building located?
The property is located at 571 W Ashlan Avenue Clovis, CA.
What is the asking price?
The asking price for this property is $889,950.
What are key features of this property?
This property features: 5‑unit property in Clovis, CA, built in 1978; Unit mix includes one 2 bed/2 bath front unit, side townhouse‑style 2 bed/1 bath units, and rear 2 bed/1 bath apartments above the carports; Front unit features a fireplace and in‑unit laundry
