3-Unit Triplex with
For Sale
$435,000
1232 Delno AVE, Fresno, CA 93728
Three residential units include garages and a mix of two-bedroom and one-bedroom layouts.
Property Size2,560 SF
Price / SF$169.92
Days on Market94
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Property Features for 1232 Delno AVE
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1960
Listing Agency:
Signature Properties
(559) 432-1703
Listed By:
Fatima Mosby · License #DRE #01304406
(559) 307-4674
Source:
Exitrealty
Added: Jul 14
Changed: Oct 6
Last Checked: Oct 7 at 10:55AM
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 Signature Properties
Investment Insights
Based on property information with market context.
This 3-unit multifamily property contains two two-bedroom, one-bath residences and one one-bedroom, one-bath residence. Each unit has a garage, and the property includes 2,560 square feet of building area.
Built in 1960, the triplex is located at 1232 Delno AVE in Fresno, California 93728. The varied unit mix provides two larger residences alongside a one-bedroom layout within the same property.
Built in 1960, the triplex is located at 1232 Delno AVE in Fresno, California 93728. The varied unit mix provides two larger residences alongside a one-bedroom layout within the same property.
Key Highlights
- 3‑unit triplex with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- All units include garages
- 2,560 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,530
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,600
$670.6K
Cap Rate 7%
$479,000
$479.0K
Cap Rate 9%
$372,556
$372.6K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$50.7K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$47.9K $18.71/SF
− OpEx
−$14.4K −$5.61/SF
NOI
$33.5K $13.10/SF
Area
Fresno, CA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,600
Cap Rate 7%
$479,000
Cap Rate 9%
$372,556
Alternative Uses
Best Use
Multifamily LT 5
$479.0K
$419.1K – $558.8K
NOI $33,530 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$419.6K
$367.2K – $489.6K
NOI $29,374 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$754.4K
$660.1K – $880.1K
NOI $52,808 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 93728, CA
16,191
Population
6,878
Households
2.4
Avg Household Size
35
Median Age
18%
College-Educated
77%
High-School Grad
3.0 sq mi
ZIP Area
5,397
Density / Sq Mi
$52,809
Median Household Income
$34,696
Median Earnings
$1,243
Median Rent
$239,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include garages and a mix of two-bedroom and one-bedroom layouts.
Where is this triplex located?
The property is located at 1232 Delno AVE Fresno, CA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 3‑unit triplex with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; All units include garages; 2,560 square feet of building area
