Triplex With Detached
1250 E Vassar Avenue, Fresno, CA 93704
For Sale
$540,000
Multi Family, Fresno, CA
Property Size2,252 SF
Lot Size0.14 Acres
Price / SF$239.79
Days on Market102
Property Features for 1250 E Vassar Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Exterior features
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Amenities
central air conditioning
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
HomeSmart PV and Associates · HomeSmart International
(559) 473-2555
Listed By:
Puneet Bhargava
(209) 602-6147
Added: Jul 29
Changed: Nov 6
Last Checked: Nov 7 at 8:06AM
MLS# 653027
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.
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Investment Insights
Based on property information with market context.
This Fresno triplex includes a front duplex with two matching two-bedroom, one-bath units, each measuring approximately 672 square feet. A detached rear residence adds three bedrooms, one bath, and approximately 1,184 square feet of living space. Central air conditioning serves all three units, and separate electrical meters support individual utility tracking. The property also includes a carport and was built in 1980.
The improvements occupy a 6,250-square-foot lot near Blackstone Avenue, with convenient access to Highway 41. Shopping, dining, and other amenities are located along the surrounding commercial corridor. Showings are available by appointment, and tenants should not be disturbed.
The improvements occupy a 6,250-square-foot lot near Blackstone Avenue, with convenient access to Highway 41. Shopping, dining, and other amenities are located along the surrounding commercial corridor. Showings are available by appointment, and tenants should not be disturbed.
Key Highlights
- Three‑unit configuration with a front duplex and detached rear residence
- Front units each offer 2 bedrooms, 1 bath, and approximately 672 sq ft
- Detached rear home includes 3 bedrooms, 1 bath, and approximately 1,184 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,496
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,920
$589.9K
Cap Rate 7%
$421,371
$421.4K
Cap Rate 9%
$327,733
$327.7K
Market Conditions
NOI Build-Up for 2,252 SF
Gross rent
$44.6K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$42.1K $18.71/SF
− OpEx
−$12.6K −$5.61/SF
NOI
$29.5K $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%
$589,920
Cap Rate 7%
$421,371
Cap Rate 9%
$327,733
Alternative Uses
Best Use
Multifamily LT 5
$421.4K
$368.7K – $491.6K
NOI $29,496 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$369.1K
$323.0K – $430.7K
NOI $25,840 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$663.6K
$580.7K – $774.2K
NOI $46,454 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
Explore this area
Business Placement
Demographics for 93704, CA
28,573
Population
12,165
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
5,291
Density / Sq Mi
$69,659
Median Household Income
$45,965
Median Earnings
$1,392
Median Rent
$366,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Fresno, CA
Properties on Market for Triplexes in Fresno
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered units include central air conditioning and a carport.
Where is this triplex located?
The property is located at 1250 E Vassar Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Three‑unit configuration with a front duplex and detached rear residence; Front units each offer 2 bedrooms, 1 bath, and approximately 672 sq ft; Detached rear home includes 3 bedrooms, 1 bath, and approximately 1,184 sq ft
