Residential Income Duplex
1405 E Patterson Fresno, CA 93728
1405 E Patterson, Fresno, CA, 93728
$200,000
Pending
For Sale
$200,000
Pending
MULTI_FAMILY - Fresno, CA
Property Size1,170 SF
Lot Size0.06 Acres
Days on Market16
Property Features for 1405 E Patterson
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
- Parking features
- Covered
- Exterior features
- Wood
- Standard status
- Pending
- APN
- 45205117
- Size
- 1,170 SF
- Lot size
- 0.06 Acres
Building Details
- Year built
- 1925
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shake
Listing agency
RE/MAX Gold - Clovis
(559) 472-5115
Listed by
Gregory Holmes
(916) 218-6700
Added: Jul 7 Updated: Jul 20 at 7:30PM Checked: Jul 22 at 1:06PM
MLS# 651581
Copyright © 2026 Fresno Association 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.
Investment Insights
Based on property information with market context.
This for-sale duplex and residential income property offers a compact, manageable footprint, with approximately 1,170 square feet of building area on a 0.0574-acre lot. The asset is presented as a small-scale multifamily holding within the Fresno market.
The property is located at 1405 E Patterson in Fresno, California 93728. Public remarks indicate it is centrally located with proximity to Freeways 99, 41, and 180, as well as Highway 168, which may support convenient regional access for tenants and visitors.
For buyers seeking an affordable, owner-controlled multifamily investment, a duplex format can provide the flexibility of multiple residences within one ownership structure. As a residential income property, it may also appeal to owner-occupants looking to offset housing costs with rental income. Prospective buyers should review the specific unit configuration and current occupancy details during due diligence.
The property is located at 1405 E Patterson in Fresno, California 93728. Public remarks indicate it is centrally located with proximity to Freeways 99, 41, and 180, as well as Highway 168, which may support convenient regional access for tenants and visitors.
For buyers seeking an affordable, owner-controlled multifamily investment, a duplex format can provide the flexibility of multiple residences within one ownership structure. As a residential income property, it may also appeal to owner-occupants looking to offset housing costs with rental income. Prospective buyers should review the specific unit configuration and current occupancy details during due diligence.
Key Highlights
- Year built: 1925
- Wood exterior
- Roof type: shake
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 | $23.2k | $19.80 |
| − Vacancy | −$1.3k | −$1.09 |
| EGI | $21.9k | $18.71 |
| − OpEx | −$6.6k | −$5.61 |
| NOI | $15.3k | $13.10 |
1,170 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$218.9K
$191.6K – $255.4K
NOI $15,324 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$191.8K
$167.8K – $223.8K
NOI $13,425 @ 7.0% cap · market cap 6.71%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex residential income property for sale near major Fresno freeways and state routes.
Where is this duplex located?
The property is located at 1405 E Patterson 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: Year built: 1925; Wood exterior; Roof type: shake
