4-Unit Quadplex with Private
New
For Sale
$850,000
1493 W Fairmont Avenue, Fresno, CA 93705
Multi Family, Fresno, CA
Property Size4,336 SF
Lot Size0.24 Acres
Price / SF$196.03
Days on Market2
Property Features for 1493 W Fairmont Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 6, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 4, Bathroom 2, Bathroom 8, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 7, Bedroom 5, Bathroom 7, Bedroom 8
Parking features
Carport
Exterior features
Wood
High school district
Fresno Unified
Directions
South on West, Passed Shaw, Right on Fairmont, property is on south side.
Subdivision
705
Standard status
Active
APN
42406114
Size
4,336 SF
Lot size
0.24 Acres
Amenities
fireplace
washer/dryer hookups
private patio
Building Details
Year built
1969
Floors in Building
1
Number of units
4
Roof type
Composition
Listing Agency:
Fresno Income Properties
Listed By:
Paul Gestic
(559) 438-9410
Added: Oct 17
Last Checked: Oct 18 at 2:06PM
MLS# 656824
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.
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Investment Insights
Based on property information with market context.
This 4-unit property in Fresno contains 4,336 square feet across four residences, each with two bedrooms and two bathrooms. All units include a fireplace, washer/dryer hookups, and a private patio. The building was constructed in 1969 and has wood exterior features, a composition roof, and carport parking on a 0.2404-acre lot.
The property is near the Old Fig Garden neighborhood and offers access to shopping, dining, and everyday amenities.
The property is near the Old Fig Garden neighborhood and offers access to shopping, dining, and everyday amenities.
Key Highlights
- Four units, each with 2 bedrooms and 2 bathrooms
- 4,336 square feet on a 0.2404‑acre lot
- Fireplace, washer/dryer hookups, and private patio in every unit
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,111
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?
Quadplex - Each residence has two bedrooms, two bathrooms, a fireplace, and washer/dryer hookups.
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 units, each with 2 bedrooms and 2 bathrooms; 4,336 square feet on a 0.2404‑acre lot; Fireplace, washer/dryer hookups, and private patio in every unit
