Fresno Multifamily Investment
1985 N Winery Avenue Fresno, CA 93703
For Sale
Contact for pricing
Multifamily property in Fresno near educational and retail hubs.
Lot Size0.93 Acres
Days on Market136
Property Features for 1985 N Winery Avenue
General Information
Standard status
Active
Lot size
0.93 Acres
Property subtype
Multifamily
Building Details
Year Built
1971
Listing Agency:
Northmarq
(559) 289-0698
Listed By:
Brendan Kane · License ##01976828
Source:
Crexi
Added: Mar 14
Changed: Jul 6
Last Checked: Jul 26 at 4:47PM
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 Northmarq
Investment Insights
Based on property information with market context.
Villa Capri presents an investment opportunity through a modernization program. Current average rents are $1,318 per unit, below market rents of $1,501+. Strategic renovation of kitchens, bathrooms, and flooring may allow a new owner to reposition the asset and increase the Net Operating Income (NOI). The property is located at 1985 N Winery Ave, near California State University, Fresno, and Fresno City College. The Fresno multifamily market shows performance with asking rents in the Central Valley growing by 1.8% annually, with appreciation indicated through 2026. Villa Capri is positioned to benefit from the region’s undersupply of rental housing. Fresno serves as the economic heart of the Central Valley, adding 7,600 new jobs. The local economy is supported by healthcare, education, and a logistics sector anchored by Amazon, Target, and Walmart. The expansion of the Fresno Yosemite International Airport (FAT) solidifies the area as a hub for commerce and travel, driving household formation and rental demand. Villa Capri features a unit mix, with 92% of the property comprised of two-bedroom floor plans. The two-building, garden-style layout is on a 0.93-acre site. Offered at $4,400,000 ($157,143/unit), Villa Capri provides an entry point with a projected Pro Forma Cap Rate of 6.98% and a Cash-on-Cash return of 7.30%.
Key Highlights
- Significant upside potential: increase rents by nearly 14% through strategic interior modernization.
- Prime Fresno location: near California State University, Fresno and Fresno City College.
- Strong multifamily market: resilient Fresno market with continued rent appreciation forecasts.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property in Fresno near educational and retail hubs.
Where is this apartment building located?
The property is located at 1985 N Winery Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Significant upside potential: increase rents by nearly 14% through strategic interior modernization.; Prime Fresno location: near California State University, Fresno and Fresno City College.; Strong multifamily market: resilient Fresno market with continued rent appreciation forecasts.
