20-Unit Apartment
For Sale
$2,600,000
Pending
101-425 S Maple Ave, Fresno, CA 93702
Fully occupied multifamily property with central climate control and shared laundry facilities.
Property Size17,280 SF
Days on Market71
Property Features for 101-425 S Maple Ave
General Information
Standard status
Pending
Size
17,280 SF
Property subtype
Residential Income
Listing Agency:
Century 21 Cheney Enterprises
(559) 875-7521
Listed By:
Gregory D. Cheney · License #01711619
(559) 970-8505
Source:
Exprealty
Added: Aug 10
Changed: Oct 1
Last Checked: Oct 16 at 11:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Cheney Enterprises
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 20-unit apartment property contains 17,280 square feet and is fully occupied. The unit mix is weighted toward two-bedroom, one-bath residences, with several three-bedroom units also included. Central heating and cooling serve the apartments, and residents have access to an on-site common laundry facility.
Located at 101-425 S Maple Ave in Fresno, California, the property offers an established multifamily configuration with all units currently leased. Its combination of varied apartment sizes, building-wide climate control, and shared laundry supports a straightforward residential rental operation.
Located at 101-425 S Maple Ave in Fresno, California, the property offers an established multifamily configuration with all units currently leased. Its combination of varied apartment sizes, building-wide climate control, and shared laundry supports a straightforward residential rental operation.
Key Highlights
- 20 apartment units with 100% occupancy
- 17,280 square feet of apartment space
- Unit mix primarily includes 2‑bedroom, 1‑bath apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$203,261
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,065,220
$4.1M
Cap Rate 7%
$2,903,729
$2.9M
Cap Rate 9%
$2,258,456
$2.3M
Market Conditions
NOI Build-Up for 17,280 SF
Gross rent
$389.8K $22.56/SF
− Vacancy
−$20.3K −$1.17/SF
EGI
$369.6K $21.39/SF
− OpEx
−$166.3K −$9.62/SF
NOI
$203.3K $11.76/SF
Area
ZIP 93702
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,065,220
Cap Rate 7%
$2,903,729
Cap Rate 9%
$2,258,456
Alternative Uses
Best Use
Apartment 5plus
$2.90M
$2.54M – $3.39M
NOI $203,261 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.22M
$3.69M – $4.92M
NOI $295,181 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
Explore this area
Business Placement
Demographics for 93702, CA
45,741
Population
13,386
Households
3.4
Avg Household Size
29
Median Age
9%
College-Educated
57%
High-School Grad
5.2 sq mi
ZIP Area
8,796
Density / Sq Mi
$44,849
Median Household Income
$27,486
Median Earnings
$1,110
Median Rent
$211,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with central climate control and shared laundry facilities.
Where is this apartment building located?
The property is located at 101-425 S Maple Ave Fresno, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 20 apartment units with 100% occupancy; 17,280 square feet of apartment space; Unit mix primarily includes 2‑bedroom, 1‑bath apartments
