Four-Unit Multifamily
New
For Sale
$625,000
150 W Whites Bridge Avenue, Fresno, CA 93706
A balanced bedroom mix and separately metered utilities serve the four residential units.
Property Size3,388 SF
Price / SF$184.47
Days on Market4
Property Features for 150 W Whites Bridge Avenue
General Information
Standard status
Active
Size
3,388 SF
Property subtype
Multifamily
Occupancy
100%
Site & Location
Neighborhood
Downtown
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1BA, 2 x 2BR/1BA
Multifamily Units
4
Parking per Unit
1
Building Details
Year Built
1925
Stories
1
Listing Agency:
RE/MAX Gold - Clovis
Listed By:
listing agent
(559) 994-0254
Source:
Goxander
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 22 at 7:42AM
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 RE/MAX Gold - Clovis
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Investment Insights
Based on property information with market context.
This 3,388-square-foot multifamily property contains four units: two with three bedrooms and one bathroom each, and two with two bedrooms and one bathroom each. The property was built in 1925, and one building has received a new roof. Covered carport parking provides one assigned space for each unit.
Water, trash, sewer, electricity, and gas are separately metered at each unit, with tenants responsible for their utility costs.
Water, trash, sewer, electricity, and gas are separately metered at each unit, with tenants responsible for their utility costs.
Key Highlights
- Four units: two 3‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units
- 3,388 square feet; built in 1925
- Separate meters for water, trash, sewer, electricity, and gas at each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,375
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,500
$887.5K
Cap Rate 7%
$633,929
$633.9K
Cap Rate 9%
$493,056
$493.1K
Market Conditions
NOI Build-Up for 3,388 SF
Gross rent
$67.1K $19.80/SF
− Vacancy
−$3.7K −$1.09/SF
EGI
$63.4K $18.71/SF
− OpEx
−$19.0K −$5.61/SF
NOI
$44.4K $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%
$887,500
Cap Rate 7%
$633,929
Cap Rate 9%
$493,056
Alternative Uses
Best Use
Multifamily LT 5
$633.9K
$554.7K – $739.6K
NOI $44,375 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$555.3K
$485.9K – $647.9K
NOI $38,874 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$998.4K
$873.6K – $1.16M
NOI $69,888 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 93706, CA
40,965
Population
12,239
Households
3.3
Avg Household Size
31
Median Age
9%
College-Educated
62%
High-School Grad
158.5 sq mi
ZIP Area
258
Density / Sq Mi
$40,023
Median Household Income
$28,495
Median Earnings
$1,129
Median Rent
$227,600
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 - A balanced bedroom mix and separately metered utilities serve the four residential units.
Where is this quadplex located?
The property is located at 150 W Whites Bridge Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Four units: two 3‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units; 3,388 square feet; built in 1925; Separate meters for water, trash, sewer, electricity, and gas at each unit
