Multifamily Property with 18
1550 W Swift Ave, Fresno, CA 93705
For Sale
$2,595,000
18-unit multifamily property available for sale.
Property Size18,608 SF
Price / SF$139.46
Days on Market229
Property Features for 1550 W Swift Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Brendan Kane Real Estate
Listed By:
Brendan L. Kane · License CA #01976828
(559) 289-0698
Source:
Exitrealty
Added: Mar 27
Changed: Oct 25
Last Checked: Sep 15 at 6:29AM
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 Brendan Kane Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property features 18 units. The property is suitable for residential income purposes. The total property size is 18396 square feet.
Key Highlights
- Multifamily property featuring 18 units.
- Priced at $144,167 per unit.
- Investment property with potential for rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$213,510
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,270,200
$4.3M
Cap Rate 7%
$3,050,143
$3.1M
Cap Rate 9%
$2,372,333
$2.4M
Market Conditions
NOI Build-Up for 18,608 SF
Gross rent
$408.6K $21.96/SF
− Vacancy
−$20.4K −$1.10/SF
EGI
$388.2K $20.86/SF
− OpEx
−$174.7K −$9.39/SF
NOI
$213.5K $11.47/SF
Area
Fresno, CA
Vacancy
5.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,270,200
Cap Rate 7%
$3,050,143
Cap Rate 9%
$2,372,333
Alternative Uses
Best Use
Apartment 5plus
$3.05M
$2.67M – $3.56M
NOI $213,510 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.48M
$4.80M – $6.40M
NOI $383,846 @ 7.0% cap · market cap 14.79%
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
Location Intelligence
Trade Area within ½ mile
298
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
$281,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Fresno, CA
Properties on Market for Apartment buildings in Fresno
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 18-unit multifamily property available for sale.
Where is this apartment building located?
The property is located at 1550 W Swift Ave Fresno, CA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Multifamily property featuring 18 units.; Priced at $144,167 per unit.; Investment property with potential for rental income.
