Multifamily
For Sale
$200,000
1405 E Patterson AVE, Fresno, CA 93728
Built in 1925, the property is near several Fresno-area freeway and highway routes.
Property Size1,170 SF
Price / SF$170.94
Days on Market100
Property Features for 1405 E Patterson AVE
General Information
Standard status
Active
Size
1,170 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Building Details
Year Built
1925
Listing Agency:
RE/MAX Gold - Clovis
(559) 472-5115
Listed By:
Gregory Holmes · License #DRE #01361893
(559) 307-9564
Source:
Exitrealty
Added: Jul 9
Changed: Sep 1
Last Checked: Sep 15 at 4:55AM
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 RE/MAX Gold - Clovis
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 1405 E Patterson AVE in Fresno contains 1,170 square feet and was built in 1925. The asset is classified as a multifamily property and is offered for sale.
The property is situated in Fresno near freeways 99, 41, and 180, along with highway 168. Its location provides access to multiple regional transportation routes while remaining within the city.
The property is situated in Fresno near freeways 99, 41, and 180, along with highway 168. Its location provides access to multiple regional transportation routes while remaining within the city.
Key Highlights
- 1,170‑square‑foot multifamily property
- Built in 1925
- Located at 1405 E Patterson AVE, Fresno, CA 93728
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,425
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,500
$268.5K
Cap Rate 7%
$191,786
$191.8K
Cap Rate 9%
$149,167
$149.2K
Market Conditions
NOI Build-Up for 1,170 SF
Gross rent
$25.7K $21.96/SF
− Vacancy
−$1.3K −$1.10/SF
EGI
$24.4K $20.86/SF
− OpEx
−$11.0K −$9.39/SF
NOI
$13.4K $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 Rate 5%
$268,500
Cap Rate 7%
$191,786
Cap Rate 9%
$149,167
Alternative Uses
Best Use
Apartment 5plus
$191.8K
$167.8K – $223.8K
NOI $13,425 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$344.8K
$301.7K – $402.3K
NOI $24,135 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 93728, CA
16,191
Population
6,878
Households
2.4
Avg Household Size
35
Median Age
18%
College-Educated
77%
High-School Grad
3.0 sq mi
ZIP Area
5,397
Density / Sq Mi
$52,809
Median Household Income
$34,696
Median Earnings
$1,243
Median Rent
$239,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1925, the property is near several Fresno-area freeway and highway routes.
Where is this multifamily property located?
The property is located at 1405 E Patterson AVE Fresno, CA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,170‑square‑foot multifamily property; Built in 1925; Located at 1405 E Patterson AVE, Fresno, CA 93728
