Three-Unit Residential
For Sale
$540,000
1250 E Vassar Avenue, Fresno, CA 93704
A duplex and detached three-bedroom residence occupy the same parcel, with central air conditioning in all units.
Property Size2,252 SF
Lot Size0.14 Acres
Price / SF$239.79
Days on Market97
Property Features for 1250 E Vassar Avenue
General Information
Standard status
Active
Size
2,252 SF
Lot size
0.14 Acres
Property subtype
Triplex
Site & Location
Neighborhood
Fresno High-Roeding
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Individually Metered Utilities
electricity
Additional Details
Gross Income
$53,448
Tenant in Place
Yes
Amenities
central air conditioning
Building Details
Building Size
2,252 SF
Year Built
1980
Buildings
2
Listing Agency:
HomeSmart PV and Associates
Listed By:
Puneet Bhargava · License #01859500
(559) 274-7025
Source:
Pinkkeyrealestate
Added: Jul 29
Changed: Nov 2
Last Checked: Oct 30 at 2:35PM
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 HomeSmart PV and Associates
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Investment Insights
Based on property information with market context.
Three residential units sit on a 6,250-square-foot lot: a duplex at the front and a detached house at the rear. The duplex contains two matching 2-bedroom, 1-bath units, each approximately 672 square feet. The separate residence has 3 bedrooms, 1 bath, and approximately 1,184 square feet. All units have central air conditioning, and each has a separate electrical meter. A large basement is also noted at one unit; it is currently covered.
The property is at 1250 E Vassar Avenue in Fresno, with access to Hwy 41 and shopping, dining, and other amenities along Blackstone Avenue. The building dates to 1980.
The property is at 1250 E Vassar Avenue in Fresno, with access to Hwy 41 and shopping, dining, and other amenities along Blackstone Avenue. The building dates to 1980.
Key Highlights
- Three units on one 6,250‑square‑foot lot
- Front duplex has two 2‑bedroom, 1‑bath units at approximately 672 square feet each
- Detached rear house has 3 bedrooms, 1 bath, and approximately 1,184 square feet
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.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - A duplex and detached three-bedroom residence occupy the same parcel, with central air conditioning in all units.
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 units on one 6,250‑square‑foot lot; Front duplex has two 2‑bedroom, 1‑bath units at approximately 672 square feet each; Detached rear house has 3 bedrooms, 1 bath, and approximately 1,184 square feet
