Five-Unit Multifamily
2025 East White Avenue Fresno, CA 93701
For Sale
$910,000
Well-maintained five-unit building with all 3-bedroom, 1-bath units recently remodeled and currently leased through Housing Authority.
Property Size4,500 SF
Price / SF$202.22
Days on Market96
Property Features for 2025 East White Avenue
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Multi Family / 5 to 15 Units
Building Details
- Year Built
- 1970
Listing Agency:
HomeSmart PV and Associates
(559) 274-7025
Listed By:
Puneet Bhargava · License #01859500
(559) 274-7025
Source:
Compass
Added: Apr 19
Changed: Jul 23
Last Checked: Jul 23 at 4:29AM
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 HomeSmart PV and Associates
Investment Insights
Based on property information with market context.
This well-maintained five-unit multifamily property offers five 3-bedroom, 1-bath apartments with approximately 900 square feet per unit, for a total of about 4,500 square feet of rentable space. The interiors and exterior were remodeled and painted within the past three years, creating a low-maintenance, turnkey configuration. All units are described as Section 8 friendly and are currently leased through the Housing Authority.
The current gross rents total $8,648 per month. Operating expenses are described as efficient, supporting approximately $72,996 in annual Net Operating Income. The property is also noted as being ideally located near Highway 180 and within reach of shopping centers, schools, and dining.
Income upside is outlined through existing rent caps and upcoming adjustments, with current figures projecting gross income over $103,000 annually and potential increases to more than $112,000. Per the remarks, all five rents are due to increase in the next 7–8 months, assuming a 7% increase, with new rents cited at $9,061.
The current gross rents total $8,648 per month. Operating expenses are described as efficient, supporting approximately $72,996 in annual Net Operating Income. The property is also noted as being ideally located near Highway 180 and within reach of shopping centers, schools, and dining.
Income upside is outlined through existing rent caps and upcoming adjustments, with current figures projecting gross income over $103,000 annually and potential increases to more than $112,000. Per the remarks, all five rents are due to increase in the next 7–8 months, assuming a 7% increase, with new rents cited at $9,061.
Key Highlights
- Five 3‑bedroom, 1‑bath units (~900 SF each) totaling ~4,500 SF of rentable space
- Window or wall A/C; no fireplaces; concrete perimeter foundation; stucco exterior with composition roofing
- Recently remodeled and painted within the past three years
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 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,826 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained five-unit building with all 3-bedroom, 1-bath units recently remodeled and currently leased through Housing Authority.
Where is this apartment building located?
The property is located at 2025 East White Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: Five 3‑bedroom, 1‑bath units (~900 SF each) totaling ~4,500 SF of rentable space; Window or wall A/C; no fireplaces; concrete perimeter foundation; stucco exterior with composition roofing; Recently remodeled and painted within the past three years
