Six-Unit Townhouse-Style Apartment
For Sale
$990,000
1221 N Peach Avenue 142, Fresno, CA 93727
Two-story residences include private patios, fireplaces, and indoor laundry hookups.
Property Size7,068 SF
Price / SF$140.07
Days on Market201
Property Features for 1221 N Peach Avenue 142
General Information
Standard status
Active
Size
7,068 SF
Property subtype
Multi Family
Units
Unit Mix
6 x 2BR/1.5BA
Multifamily Units
6
Additional Details
Highway Access
Yes
Amenities
fireplace
indoor laundry hookups
private patio
Building Details
Year Built
1979
Buildings
1
Listing Agency:
Real Estate Boulevard
(559) 270-0554
Listed By:
Nicolas Madrigal Madrigal · License #02156901
(559) 270-0554
Source:
Exitrealty
Added: Feb 11
Changed: Aug 30
Last Checked: Aug 30 at 2:01PM
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 Real Estate Boulevard
Investment Insights
Based on property information with market context.
The property comprises six townhouse-style condo units within a single apartment building at 1221 N Peach Avenue 142. Built in 1979, the 7,068-square-foot building offers a consistent residential configuration across the units. Each residence is arranged over two stories with 2 bedrooms, 1.5 bathrooms, a living room with fireplace, dining space, kitchen, indoor laundry hookups, and a private patio.
The property is located in the Peachwood Village community near Fresno Yosemite International Airport, major freeways, shopping, schools, and employment centers. The offering is available as a bulk sale only, providing one transaction for the entire six-unit building.
The property is located in the Peachwood Village community near Fresno Yosemite International Airport, major freeways, shopping, schools, and employment centers. The offering is available as a bulk sale only, providing one transaction for the entire six-unit building.
Key Highlights
- Six townhouse‑style condo units in one building
- 7,068‑square‑foot apartment building built in 1979
- Each unit includes 2 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,893
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,517,860
$1.5M
Cap Rate 7%
$1,084,186
$1.1M
Cap Rate 9%
$843,256
$843.3K
Market Conditions
NOI Build-Up for 7,068 SF
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.
Gross rent
$144.2K $20.40/SF
− Vacancy
−$6.2K −$0.88/SF
EGI
$138.0K $19.52/SF
− OpEx
−$62.1K −$8.79/SF
NOI
$75.9K $10.74/SF
Area
ZIP 93727
Vacancy
4.30%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,517,860
Cap Rate 7%
$1,084,186
Cap Rate 9%
$843,256
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$948.7K – $1.26M
NOI $75,893 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,227 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Explore this area
Business Placement
Demographics for 93727, CA
83,212
Population
25,919
Households
3.2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
22.0 sq mi
ZIP Area
3,782
Density / Sq Mi
$82,247
Median Household Income
$42,002
Median Earnings
$1,277
Median Rent
$370,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story residences include private patios, fireplaces, and indoor laundry hookups.
Where is this apartment building located?
The property is located at 1221 N Peach Avenue 142 Fresno, CA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Six townhouse‑style condo units in one building; 7,068‑square‑foot apartment building built in 1979; Each unit includes 2 bedrooms and 1.5 bathrooms
