Mayfair Area Fourplex For
For Sale
$575,000
Pending
2036 N First ST, Fresno, CA 93703
Mayfair area fourplex with long-term tenants and laundry hookups.
Property Size2,645 SF
Days on Market154
Property Features for 2036 N First ST
General Information
Standard status
Pending
Size
2,645 SF
Property subtype
Multi Family
Building Details
Year Built
1957
Listing Agency:
Realty Fresno
(559) 435-4040
Listed By:
Glenn Hammerburg · License #DRE #00839342
(559) 240-6135
Source:
Exitrealty
Added: May 16
Changed: Oct 3
Last Checked: Oct 2 at 5:32PM
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 Realty Fresno
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fourplex is located in the Mayfair area. The property contains 2,645 square feet. Each unit includes laundry hookups. Gated carports provide added safety for residents. The property is occupied by long-term tenants. This property is intended for use as a residential income property.
Key Highlights
- Income‑generating 4‑plex with long‑term tenants.
- Each unit includes laundry hook‑ups.
- Gated carports provide added security.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,643
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,860
$692.9K
Cap Rate 7%
$494,900
$494.9K
Cap Rate 9%
$384,922
$384.9K
Market Conditions
NOI Build-Up for 2,645 SF
Gross rent
$52.4K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$49.5K $18.71/SF
− OpEx
−$14.8K −$5.61/SF
NOI
$34.6K $13.10/SF
Area
Fresno, CA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,860
Cap Rate 7%
$494,900
Cap Rate 9%
$384,922
Alternative Uses
Best Use
Multifamily LT 5
$494.9K
$433.0K – $577.4K
NOI $34,643 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$433.6K
$379.4K – $505.8K
NOI $30,349 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$779.4K
$682.0K – $909.4K
NOI $54,561 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Mayfair area fourplex with long-term tenants and laundry hookups.
Where is this quadplex located?
The property is located at 2036 N First ST Fresno, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Income‑generating 4‑plex with long‑term tenants.; Each unit includes laundry hook‑ups.; Gated carports provide added security.
