1405 E Cypress Avenue 137, Reedley, CA 93654
Well-maintained Reedley fourplex with four occupied 2-bedroom, 1-bath units and long-term tenancy in place.
- Added:
- Apr 4, 2026
- Days on Market:
- 85
- Last Refresh:
- Jun 27 at 2:58 am
Property Features for 1405 E Cypress Avenue 137
General Information
- Standard status
- Active
- Size
- 3,144 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1997
Listing office Executive Realty Associates (559) 375-6841
Listing date Apr 4, 2026
Source Exitrealty
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 Executive Realty Associates
HighLights
- 1997‑built fourplex in Reedley with four occupied 2‑bedroom, 1‑bath units
- All four units are currently occupied by long‑term tenants
- Property has a strong rental history with stable income/cash flow
- Located in Reedley near schools, shopping, and parks
- Also available as a neighboring 4‑plex for a combined 8 units on the same spot
Overview
Located in Reedley, the property is described as convenient to schools, shopping, and parks. While the surrounding area is noted in broad terms, the key takeaway is accessibility to everyday daily amenities for residents.
For investors or owner-operators seeking a manageable scale multifamily purchase, this fourplex provides a straightforward unit mix and tenancy that is already established. If you are looking to increase scale, a neighboring fourplex is also available for a combined total of eight units in the same spot. That option may appeal to buyers who want to consolidate ownership while maintaining a consistent property profile across both buildings.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.4k | $20.16 |
| − Vacancy | −$3.9k | −$1.25 |
| EGI | $59.5k | $18.91 |
| − OpEx | −$17.8k | −$5.67 |
| NOI | $41.6k | $13.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Reedley
- County
- Fresno
- State
- California
- Longitude
- -119.434665
- Latitude
- 36.607701
