Three-Home
For Sale
$439,200
Pending
141 W Ashlan Ave, Fresno, CA 93705
Three detached residences share a parcel of more than one-third acre in Fresno’s Old Fig Garden area.
Property Size2,410 SF
Days on Market22
Property Features for 141 W Ashlan Ave
General Information
Standard status
Pending
Size
2,410 SF
Property subtype
Commercial
Additional Details
Multifamily Units
3
Building Details
Year Built
1952
Buildings
3
Listing Agency:
Keller Williams Realty Antelope Valley
Listed By:
Erika Robles erika.r@hiverealestateteam.com
Source:
Mysandiegoareahomesearch
Added: Sep 25
Changed: Oct 4
Last Checked: Oct 14 at 11:23PM
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 Keller Williams Realty Antelope Valley
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Investment Insights
Based on property information with market context.
This triplex property contains three separate residences on a parcel exceeding one-third acre. The primary home has three bedrooms, with two additional independent homes on the property. The residences are located at 141 W Ashlan Ave in Fresno’s Old Fig Garden area. The property was built in 1952.
Key Highlights
- Three separate residences on one property
- Primary residence has 3 bedrooms
- Parcel exceeds one‑third acre
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,565
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,300
$631.3K
Cap Rate 7%
$450,929
$450.9K
Cap Rate 9%
$350,722
$350.7K
Market Conditions
NOI Build-Up for 2,410 SF
Gross rent
$47.7K $19.80/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$45.1K $18.71/SF
− OpEx
−$13.5K −$5.61/SF
NOI
$31.6K $13.10/SF
Area
Fresno, CA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,300
Cap Rate 7%
$450,929
Cap Rate 9%
$350,722
Alternative Uses
Best Use
Multifamily LT 5
$450.9K
$394.6K – $526.1K
NOI $31,565 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$395.0K
$345.7K – $460.9K
NOI $27,653 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$710.2K
$621.4K – $828.6K
NOI $49,713 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 93705, CA
38,125
Population
13,408
Households
2.8
Avg Household Size
31
Median Age
16%
College-Educated
75%
High-School Grad
4.9 sq mi
ZIP Area
7,781
Density / Sq Mi
$55,152
Median Household Income
$35,979
Median Earnings
$1,254
Median Rent
$281,300
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?
Triplex - Three detached residences share a parcel of more than one-third acre in Fresno’s Old Fig Garden area.
Where is this triplex located?
The property is located at 141 W Ashlan Ave Fresno, CA.
What is the asking price?
The asking price for this property is $439,200.
What are key features of this property?
This property features: Three separate residences on one property; Primary residence has 3 bedrooms; Parcel exceeds one‑third acre
