Reedley Fourplex: Investment
1405 East Cypress Avenue Unit 157, Reedley, CA 93654
Well-maintained fourplex in Reedley with long-term tenants and steady income.
Type:Multi Family / Quadruplex
Property size:
3,144 SFPrice / SF:
$206/SF- Added:
- Jan 15, 2026
- Days on Market:
- 136
- Last Refresh:
- Mar 13 at 2:52 pm
Property Features for 1405 East Cypress Avenue Unit 157
General Information
- Standard status
- Active
- Size
- 3,144 SF
- Property subtype
- Multi Family / Quadruplex
Building Details
- Year Built
- 1997
Listing agent Sarah J Gillespie License #01843339 (559) 375-6841
Listing office Executive Realty Associates (559) 375-6841
Listing date Jan 15, 2026
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of Executive Realty Associates
HighLights
- Strong rental history with steady cash flow.
- Four spacious 2‑bedroom, 1‑bath units.
- All units currently occupied by reliable long‑term tenants.
- Well‑maintained fourplex in a desirable Reedley location.
- Conveniently located close to schools, shopping, and parks.
- Central Heat/Cool in all units.
Overview
This well-maintained fourplex, located in Reedley, presents an excellent investment opportunity. The property features four units, each with two bedrooms and one bathroom. The units are currently occupied by reliable, long-term tenants. The property has a strong rental history and steady cash flow. The property is situated in a convenient location close to schools, shopping, and parks. The property size is 3144 square feet. This income-producing property offers built-in stability for investors. Another neighboring fourplex is also available, offering a total of eight units in the same location.
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 |
3,144 SF · lease $20.16/SF/yr · vacancy 6.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$594.5K
$520.2K – $693.6K
NOI $41,617 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$568.0K
$497.0K – $662.6K
NOI $39,758 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$891.1K
$779.7K – $1.04M
NOI $62,376 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Reedley
- County
- Fresno
- State
- California
- Longitude
- -119.434665
- Latitude
- 36.607701
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex in Reedley with long-term tenants and steady income.
Where is this quadplex located?
The property is located at 1405 East Cypress Avenue Unit 157 Reedley, CA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Strong rental history with steady cash flow.; Four spacious 2‑bedroom, 1‑bath units.; All units currently occupied by reliable long‑term tenants.
