Remodeled Multifamily Property in
2025 E White Avenue Fresno, CA 93701
2025 E White Avenue, Fresno, CA, 93701
$890,000
For Sale
$890,000
MULTI_FAMILY - Fresno, CA
Property Size4,500 SF
Lot Size0.14 Acres
Price / SF$197.78
Days on Market89
Property Features for 2025 E White Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 15
- Bathrooms
- 5
- Rooms
- Bedroom 14, Bedroom 1, Bedroom 8, Bathroom 5, Bedroom 15, Bedroom 3, Bathroom 4, Bedroom 10, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 13, Bedroom 5, Bedroom 12, Bedroom 2, Bedroom 11, Bathroom 3, Bedroom 9, Bathroom 1
- Parking features
- Carport
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 45230313
- Size
- 4,500 SF
- Lot size
- 0.14 Acres
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Number of units
- 5
- Roof type
- Composition
Listing Agency
HomeSmart PV and Associates
(559) 473-2555
802 W PINEDALE AVE STE 101, Modesto, CA
Listed by
Puneet Bhargava
(209) 602-6147
Added: Apr 19 Checked: Jul 16 at 7:06 pm
MLS# 647446
Listing URL
Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a well-maintained 5-unit multifamily property located in Fresno. Each unit features a 3-bedroom, 1-bath layout with approximately 900 square feet, totaling 4,500 square feet of rentable space. The property has been recently remodeled and painted within the past three years. All units are Section 8 friendly and currently leased through the Housing Authority. The current gross rents total $8,648 per month, with upside potential to $9,375 per month based on existing rent caps. The annual gross income exceeds $103,000 with the potential to reach over $112,000. The Net Operating Income is approximately $72,996, with potential to increase to $81,720. Investors can benefit from immediate positive cash flow, with current monthly returns around $2,583 and projected upside to over $3,300 per month. All five A rents are due to be increased in the next 7 to 8 months, assuming rents will be increased by 7%. The new rents will be $9061. The property is ideally located near Highway 180, shopping centers, schools, and dining, within a clean, well-maintained complex in a high-demand rental area. The lot size is 0.1435 acres.
Key Highlights
- 5‑unit multifamily built in 1970; each unit is a 3‑bedroom, 1‑bath layout with ~900 SF, totaling ~4,500 SF rentable space
- Recently remodeled and painted within the past three years, with exterior updates for a low‑maintenance exterior and interiors
- All units are Section 8 friendly and currently leased through the Housing Authority
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.8k | $21.96 |
| − Vacancy | −$4.9k | −$1.10 |
| EGI | $93.9k | $20.86 |
| − OpEx | −$42.2k | −$9.39 |
| NOI | $51.6k | $11.47 |
4,500 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$737.6K
$645.4K – $860.6K
NOI $51,633 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,826 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit multifamily property with strong income potential in Fresno, CA.
Where is this apartment building located?
The property is located at 2025 E White Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 5‑unit multifamily built in 1970; each unit is a 3‑bedroom, 1‑bath layout with ~900 SF, totaling ~4,500 SF rentable space; Recently remodeled and painted within the past three years, with exterior updates for a low‑maintenance exterior and interiors; All units are Section 8 friendly and currently leased through the Housing Authority
