Renovated Duplex with
For Sale
$429,000
1645 W Fountain Way, Fresno, CA 93705
Corner-lot property combines a three-bedroom main residence with a separate two-bedroom accessory dwelling unit.
Property Size1,838 SF
Price / SF$233.41
Days on Market137
Property Features for 1645 W Fountain Way
General Information
Standard status
Active
Size
1,838 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1947
Listing Agency:
All State Homes
(559) 475-0583
Listed By:
Rudy Alderette · License #01517470
(559) 250-8226
Source:
Exitrealty
Added: Jun 2
Changed: Oct 3
Last Checked: Oct 7 at 10:46AM
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 All State Homes
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Investment Insights
Based on property information with market context.
Located at 1645 W Fountain Way in Fresno, this 1,838-square-foot duplex property includes a three-bedroom, two-bath main residence and a separate accessory dwelling unit with two bedrooms and one bathroom. The improvements were renovated throughout, with modern finishes in the primary residence and a new kitchen in the additional unit.
The ADU also includes washer and dryer hookups, along with an open dining and living area. The corner-lot setting adds a distinct site feature, while the two-unit configuration supports rental income, multigenerational living, or guest accommodations. Built in 1947, the property offers a combination of updated interiors and flexible residential use.
The ADU also includes washer and dryer hookups, along with an open dining and living area. The corner-lot setting adds a distinct site feature, while the two-unit configuration supports rental income, multigenerational living, or guest accommodations. Built in 1947, the property offers a combination of updated interiors and flexible residential use.
Key Highlights
- 1,838‑square‑foot duplex property on a corner lot
- Main residence includes 3 bedrooms and 2 bathrooms
- Separate ADU provides 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,074
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,480
$481.5K
Cap Rate 7%
$343,914
$343.9K
Cap Rate 9%
$267,489
$267.5K
Market Conditions
NOI Build-Up for 1,838 SF
Gross rent
$36.4K $19.80/SF
− Vacancy
−$2.0K −$1.09/SF
EGI
$34.4K $18.71/SF
− OpEx
−$10.3K −$5.61/SF
NOI
$24.1K $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%
$481,480
Cap Rate 7%
$343,914
Cap Rate 9%
$267,489
Alternative Uses
Best Use
Multifamily LT 5
$343.9K
$300.9K – $401.2K
NOI $24,074 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$301.3K
$263.6K – $351.5K
NOI $21,089 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$541.6K
$473.9K – $631.9K
NOI $37,914 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
383
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?
Duplex - Corner-lot property combines a three-bedroom main residence with a separate two-bedroom accessory dwelling unit.
Where is this duplex located?
The property is located at 1645 W Fountain Way Fresno, CA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 1,838‑square‑foot duplex property on a corner lot; Main residence includes 3 bedrooms and 2 bathrooms; Separate ADU provides 2 bedrooms and 1 bathroom
