4-Unit Apartment
For Sale
$850,000
1493 W Fairmont Avenue, Fresno, CA 93705
Every apartment has a fireplace, washer/dryer hookups, and its own patio.
Property Size4,336 SF
Price / SF$196.03
Days on Market15
Property Features for 1493 W Fairmont Avenue
General Information
Standard status
Active
Size
4,336 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Bullard
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Building Details
Year Built
1969
Buildings
1
Stories
1
Listing Agency:
Fresno Income Properties
Listed By:
listing agent
(559) 438-9410
Source:
Goxander
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 29 at 12:57AM
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 Fresno Income Properties
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Investment Insights
Based on property information with market context.
Located at 1493 W Fairmont Avenue in Fresno, this 4,336-square-foot multifamily property was built in 1969. It contains four apartments, each with two bedrooms, two bathrooms, a fireplace, washer/dryer hookups, and a private patio.
The property is near the Old Fig Garden neighborhood, with shopping, dining, and everyday amenities accessible nearby.
The property is near the Old Fig Garden neighborhood, with shopping, dining, and everyday amenities accessible nearby.
Key Highlights
- Four apartments, each with 2 bedrooms and 2 bathrooms
- 4,336 square feet; built in 1969
- Each unit includes a fireplace, washer/dryer hookups, and a private patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,792
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,135,840
$1.1M
Cap Rate 7%
$811,314
$811.3K
Cap Rate 9%
$631,022
$631.0K
Market Conditions
NOI Build-Up for 4,336 SF
Gross rent
$85.9K $19.80/SF
− Vacancy
−$4.7K −$1.09/SF
EGI
$81.1K $18.71/SF
− OpEx
−$24.3K −$5.61/SF
NOI
$56.8K $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%
$1,135,840
Cap Rate 7%
$811,314
Cap Rate 9%
$631,022
Alternative Uses
Best Use
Multifamily LT 5
$811.3K
$709.9K – $946.5K
NOI $56,792 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$710.7K
$621.9K – $829.2K
NOI $49,752 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,443 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Every apartment has a fireplace, washer/dryer hookups, and its own patio.
Where is this quadplex located?
The property is located at 1493 W Fairmont Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 2 bathrooms; 4,336 square feet; built in 1969; Each unit includes a fireplace, washer/dryer hookups, and a private patio
