Quadplex With Updated
1405 E Cypress Avenue, Reedley, CA 93654
For Sale
$599,900
Multi-Family, Reedley, CA
Property Size3,144 SF
Lot Size0.08 Acres
Price / SF$190.81
Days on Market194
Property Features for 1405 E Cypress Avenue
General Information
Property type
Property subtype
Zoning
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Sewer type
Heating system
Water source
Building Details
Floors in Building
Flooring type
Listing Agency:
eXp Realty of Greater Los Angeles, Inc.
(888) 652-1314
Listed By:
Marie Meza · License #01772801
(559) 246-4905
Added: Apr 30
Changed: Oct 23
Last Checked: Nov 9 at 9:06AM
MLS# 234133
Copyright © 2026 Kings County Board 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 four-unit residential property contains four two-bedroom, one-bath apartments totaling approximately 3,144 square feet. Three units have received updates to their kitchens, bathrooms, and flooring, while one apartment has a long-term tenant. Central HVAC and indoor laundry are provided in each unit, and carport parking serves the property.
The property is located in Reedley near schools, shopping, and commuter routes. Public water and public sewer support the site, which encompasses 0.0826 acres and carries R16 zoning. The property is fully occupied, and unit configuration is based on tax records and subject to buyer verification.
The property is located in Reedley near schools, shopping, and commuter routes. Public water and public sewer support the site, which encompasses 0.0826 acres and carries R16 zoning. The property is fully occupied, and unit configuration is based on tax records and subject to buyer verification.
Key Highlights
- Four 2‑bedroom, 1‑bath units totaling approximately 3,144 square feet
- Fully occupied quadplex with one unit supported by long‑term tenancy
- Three apartments updated with modern kitchens, bathrooms, and LVP flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,617
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,340
$832.3K
Cap Rate 7%
$594,529
$594.5K
Cap Rate 9%
$462,411
$462.4K
Market Conditions
NOI Build-Up for 3,144 SF
Gross rent
$63.4K $20.16/SF
− Vacancy
−$3.9K −$1.25/SF
EGI
$59.5K $18.91/SF
− OpEx
−$17.8K −$5.67/SF
NOI
$41.6K $13.24/SF
Area
Fresno County, CA
Vacancy
6.20%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,340
Cap Rate 7%
$594,529
Cap Rate 9%
$462,411
Alternative Uses
Best Use
Multifamily LT 5
$594.5K
$520.2K – $693.6K
NOI $41,617 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$568.0K
$497.0K – $662.6K
NOI $39,758 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$891.1K
$779.7K – $1.04M
NOI $62,376 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
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Business Placement
Demographics for 93654, CA
30,620
Population
9,505
Households
3.2
Avg Household Size
34
Median Age
17%
College-Educated
71%
High-School Grad
100.5 sq mi
ZIP Area
305
Density / Sq Mi
$67,471
Median Household Income
$31,281
Median Earnings
$1,198
Median Rent
$334,500
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Fresno County, CA
Properties on Market for Quadplexes in Fresno County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied four-unit property with central HVAC, indoor laundry, carports, and R16 zoning.
Where is this quadplex located?
The property is located at 1405 E Cypress Avenue Reedley, CA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units totaling approximately 3,144 square feet; Fully occupied quadplex with one unit supported by long‑term tenancy; Three apartments updated with modern kitchens, bathrooms, and LVP flooring
