Triplex with Garage
For Sale
$524,900
1361 N Archie Ave, Fresno, CA 93703
Each residence includes dedicated HVAC and garage space.
Property Size2,732 SF
Days on Market12
Property Features for 1361 N Archie Ave
General Information
Standard status
Active
Size
2,732 SF
Total Parking Spaces
3
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Building Details
Building Size
2,732 SF
Year Built
2004
Buildings
1
Stories
2
Units
3
Listing Agency:
eXp Realty of Greater LA, Inc.
Listed By:
Marie Meza · License #01772801
(559) 246-4905
Source:
Elliman
Added: Sep 26
Changed: Oct 7
Last Checked: Oct 7 at 1:07PM
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 eXp Realty of Greater LA, Inc.
Investment Insights
Based on property information with market context.
Built in 2004, this Fresno triplex contains three residences, each arranged with three bedrooms and one bathroom. Individual HVAC systems and garage space serve the units, and all three are occupied.
The property is at 1361 N Archie Ave. Its Walk Score is 72, Bike Score is 60, and Transit Score is 44.
The property is at 1361 N Archie Ave. Its Walk Score is 72, Bike Score is 60, and Transit Score is 44.
Key Highlights
- Three residences, each with 3 bedrooms and 1 bathroom
- Dedicated HVAC and garage space for each unit
- All three units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,783
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,660
$715.7K
Cap Rate 7%
$511,186
$511.2K
Cap Rate 9%
$397,589
$397.6K
Market Conditions
NOI Build-Up for 2,732 SF
Gross rent
$54.1K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$51.1K $18.71/SF
− OpEx
−$15.3K −$5.61/SF
NOI
$35.8K $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%
$715,660
Cap Rate 7%
$511,186
Cap Rate 9%
$397,589
Alternative Uses
Best Use
Multifamily LT 5
$511.2K
$447.3K – $596.4K
NOI $35,783 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$447.8K
$391.8K – $522.5K
NOI $31,347 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$805.1K
$704.5K – $939.3K
NOI $56,356 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 93703, CA
34,840
Population
11,155
Households
3.1
Avg Household Size
31
Median Age
9%
College-Educated
72%
High-School Grad
4.8 sq mi
ZIP Area
7,258
Density / Sq Mi
$43,236
Median Household Income
$30,359
Median Earnings
$1,204
Median Rent
$250,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence includes dedicated HVAC and garage space.
Where is this triplex located?
The property is located at 1361 N Archie Ave Fresno, CA.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Three residences, each with 3 bedrooms and 1 bathroom; Dedicated HVAC and garage space for each unit; All three units are occupied
