6-Unit Apartment
For Sale
$1,050,000
1652 N 6th St, Fresno, CA 93703
All residences have two full bathrooms, with layouts spanning two and three bedrooms.
Property Size7,061 SF
Lot Size0.34 Acres
Price / SF$148.70
Days on Market12
Property Features for 1652 N 6th St
General Information
Standard status
Active
Size
7,061 SF
Total Parking Spaces
3
Lot size
0.34 Acres
Property subtype
Residential Income
Site & Location
Neighborhood
Mclane
Units
Unit Mix
3 x 2BR/2BA, 3 x 3BR/2BA
Multifamily Units
6
Building Details
Year Built
2009
Buildings
1
Stories
2
Listing Agency:
99 Properties Inc.
(559) 374-0979
Listed By:
John M. Pestorich · License #01348485
(559) 360-8183
Source:
Exprealty
Added: Oct 21
Changed: Oct 30
Last Checked: Oct 30 at 3:44PM
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 99 Properties Inc.
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Investment Insights
Based on property information with market context.
Built in 2009, this two-story apartment property contains six homes within 7,061 square feet. The unit mix comprises three two-bedroom, two-bath residences of approximately 1,062 square feet each and three three-bedroom, two-bath residences of approximately 1,284 square feet each. A three-car garage serves the property, which occupies a 14,925-square-foot lot. Five units are occupied.
The property is at 1652 N 6th St in Fresno’s Mayfair neighborhood, near McLane High School and Wishon Elementary. Its configuration combines a consistent two-bath layout across all six apartments with two distinct bedroom and floor-area options.
The property is at 1652 N 6th St in Fresno’s Mayfair neighborhood, near McLane High School and Wishon Elementary. Its configuration combines a consistent two-bath layout across all six apartments with two distinct bedroom and floor-area options.
Key Highlights
- Six apartments in a two‑story building constructed in 2009
- Three 2‑bedroom, 2‑bath units of approximately 1,062 square feet each
- Three 3‑bedroom, 2‑bath units of approximately 1,284 square feet each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,019
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,620,380
$1.6M
Cap Rate 7%
$1,157,414
$1.2M
Cap Rate 9%
$900,211
$900.2K
Market Conditions
NOI Build-Up for 7,061 SF
Gross rent
$155.1K $21.96/SF
− Vacancy
−$7.8K −$1.10/SF
EGI
$147.3K $20.86/SF
− OpEx
−$66.3K −$9.39/SF
NOI
$81.0K $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%
$1,620,380
Cap Rate 7%
$1,157,414
Cap Rate 9%
$900,211
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $81,019 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,654 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
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Business Placement
Demographics for 93703, CA
34,840
Population
11,155
Households
3.1
Avg Household Size
31
Median Age
9%
College-Educated
72%
High-School Grad
4.8 sq mi
ZIP Area
7,258
Density / Sq Mi
$43,236
Median Household Income
$30,359
Median Earnings
$1,204
Median Rent
$250,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - All residences have two full bathrooms, with layouts spanning two and three bedrooms.
Where is this apartment building located?
The property is located at 1652 N 6th St Fresno, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Six apartments in a two‑story building constructed in 2009; Three 2‑bedroom, 2‑bath units of approximately 1,062 square feet each; Three 3‑bedroom, 2‑bath units of approximately 1,284 square feet each
