Chalet Gardens: Multifamily Investment
For Sale
Contact for pricing
2017 N Winery Ave, Fresno, CA 93727
26-unit multifamily property with renovation upside in a strategic Fresno location.
Property SizeContact for details
Lot Size1.04 Acres
Days on Market152
Property Features for 2017 N Winery Ave
General Information
Standard status
Active
Lot size
1.04 Acres
Property subtype
Multifamily
Zoning
R3
Net Operating Income
$277,464
Building Details
Year Built
1971
Buildings
1
Units
26
Listing Agency:
Northmarq
(952) 356-0100
Listed By:
Brendan Kane · License ##01976828
Source:
Crexi
Added: Mar 14
Changed: Aug 8
Last Checked: Aug 12 at 12:31PM
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.
Chalet Gardens offers an opportunity for revenue growth through interior renovations. Current average rents are $1,486 per unit, with pro forma market rents of $1,510 or higher. Renovating kitchens, bathrooms, and flooring could bridge this gap and increase rental income. The property is located near California State University, Fresno, and Fresno City College. The recent $150 million expansion of the Fresno Yosemite International Airport enhances connectivity and supports long-term property value appreciation. The Fresno multifamily market demonstrates resilience, with asking rents in the Central Valley projected to continue rising through 2026. Vacancy rates remain tight, dipping as low as 2.5% in neighboring submarkets. Fresno is the primary engine of economic growth in the Central Valley, recording the largest net employment gain in the region with over 7,600 new positions added annually. The local economy is supported by healthcare, education, and a rapidly expanding logistics sector featuring major employers like Amazon, Target, and Walmart. The property features a unit mix consisting of 92% two-bedroom, one-bath floor plans. The 1.04-acre site provides a low-density, garden-style environment.
Key Highlights
- Opportunity for immediate revenue growth through interior renovations to achieve pro forma market rents.
- Strategic location near California State University, Fresno and Fresno City College.
- Robust multifamily market growth and resilience with projected rent increases through 2026 and low vacancy rates.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,120
Businesses Nearby
Explore this area
Business Placement
Demographics for 93727, CA
83,212
Population
25,919
Households
3.2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
22.0 sq mi
ZIP Area
3,782
Density / Sq Mi
$82,247
Median Household Income
$42,002
Median Earnings
$1,277
Median Rent
$370,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 26-unit multifamily property with renovation upside in a strategic Fresno location.
Where is this apartment building located?
The property is located at 2017 N Winery Ave Fresno, CA.
What is the asking price?
The asking price for this property is $4,825,000.
What are key features of this property?
This property features: Opportunity for immediate revenue growth through interior renovations to achieve pro forma market rents.; Strategic location near California State University, Fresno and Fresno City College.; Robust multifamily market growth and resilience with projected rent increases through 2026 and low vacancy rates.
