Mayfair Area Fourplex For
2036 North First Street Fresno, CA 93703
For Sale
$575,000
Pending
Mayfair area fourplex with long-term tenants and laundry hookups.
Property Size2,645 SF
Days on Market74
Property Features for 2036 North First Street
General Information
Standard status
Pending
Size
2,645 SF
Property subtype
Multi Family / Quadruplex
Building Details
Year Built
1957
Listing Agency:
Realty Fresno
(559) 240-6135
Listed By:
Glenn Hammerburg · License #00839342
(559) 240-6135
Source:
Compass
Added: May 15
Changed: Jul 10
Last Checked: Jul 24 at 12:19PM
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
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 For Multifamily LT 5
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 | $52.4k | $19.80 |
| − Vacancy | −$2.9k | −$1.09 |
| EGI | $49.5k | $18.71 |
| − OpEx | −$14.8k | −$5.61 |
| NOI | $34.6k | $13.10 |
2,645 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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 North First Street 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.
