Updated Multifamily
For Sale
$259,900
130 N San Pablo Avenue A-C, Fresno, CA 93701
Remodeled interiors feature updated flooring, granite countertops, and refreshed finishes throughout the property.
Property Size1,978 SF
Price / SF$131.40
Days on Market115
Property Features for 130 N San Pablo Avenue A-C
General Information
Standard status
Active
Size
1,978 SF
Property subtype
Multi Family
Building Details
Year Built
1923
Listing Agency:
Real Broker
(559) 930-7171
Listed By:
Nicole L. Parent · License #DRE #01827226
(559) 930-7171
Source:
Exitrealty
Added: May 9
Changed: Aug 30
Last Checked: Aug 30 at 4:37PM
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 Broker
Investment Insights
Based on property information with market context.
Located at 130 N San Pablo Avenue A-C, this multifamily property comprises 1,978 square feet and dates to 1923. Interior improvements include updated flooring, granite countertops, remodeled elements, and refreshed finishes that combine contemporary updates with the building’s established character.
The property is near Downtown Fresno and the Tower District, with access to local dining, entertainment, shopping, and commuter routes. Its layout offers functional flexibility for different residential arrangements, subject to applicable requirements and approvals.
The property is near Downtown Fresno and the Tower District, with access to local dining, entertainment, shopping, and commuter routes. Its layout offers functional flexibility for different residential arrangements, subject to applicable requirements and approvals.
Key Highlights
- 1,978‑square‑foot multifamily property at 130 N San Pablo Avenue A‑C
- Originally built in 1923
- Updated flooring, granite countertops, and remodeled interior elements
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
$22,696
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
8.73%
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%
$453,920
$453.9K
Cap Rate 7%
$324,229
$324.2K
Cap Rate 9%
$252,178
$252.2K
Market Conditions
NOI Build-Up for 1,978 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
$43.4K $21.96/SF
− Vacancy
−$2.2K −$1.10/SF
EGI
$41.3K $20.86/SF
− OpEx
−$18.6K −$9.39/SF
NOI
$22.7K $11.47/SF
Area
Fresno, CA
Vacancy
5.00%
Lease Rate
$21.96 /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%
$453,920
Cap Rate 7%
$324,229
Cap Rate 9%
$252,178
Alternative Uses
Best Use
Apartment 5plus
$324.2K
$283.7K – $378.3K
NOI $22,696 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$582.9K
$510.0K – $680.0K
NOI $40,802 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,639
Businesses Nearby
Explore this area
Business Placement
Demographics for 93701, CA
12,037
Population
3,836
Households
3.1
Avg Household Size
28
Median Age
7%
College-Educated
48%
High-School Grad
1.5 sq mi
ZIP Area
8,025
Density / Sq Mi
$32,192
Median Household Income
$26,875
Median Earnings
$926
Median Rent
$207,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Remodeled interiors feature updated flooring, granite countertops, and refreshed finishes throughout the property.
Where is this multifamily property located?
The property is located at 130 N San Pablo Avenue A-C Fresno, CA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1,978‑square‑foot multifamily property at 130 N San Pablo Avenue A‑C; Originally built in 1923; Updated flooring, granite countertops, and remodeled interior elements
