Two-Bedroom
For Sale
Contact for pricing
2040 W Shields Ave, Fresno, CA 93705
Updated apartment with covered parking, storage, on-site laundry, and convenient access to shopping.
Property Size900 SF
Price / SF$1.28
Days on Market91
Property Features for 2040 W Shields Ave
General Information
Standard status
Active
Size
900 SF
Total Parking Spaces
1
Property subtype
Residential Income
Site & Location
Neighborhood
Fresno High-Roeding
Highway Access
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Amenities
on-site laundry
storage room
fireplace
ceiling fan
Listing Agency:
Tylar Property Management
Listed By:
Maria Contreras-Wapner · License #01894995
(559) 261-0208
Source:
Exprealty
Added: Jul 31
Changed: Oct 25
Last Checked: Oct 28 at 10:12AM
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 Tylar Property Management
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 900-square-foot, two-bedroom apartment features fresh interior paint along with updated carpet and flooring. The layout includes a compact living room with a fireplace and a kitchen nook with a ceiling fan. The kitchen is equipped with an electric stove and refrigerator.
A covered parking space and a small storage room are included with the unit. On-site laundry adds practical convenience, while the property provides access to Hwy 99 and nearby shopping centers. Rental insurance is required.
A covered parking space and a small storage room are included with the unit. On-site laundry adds practical convenience, while the property provides access to Hwy 99 and nearby shopping centers. Rental insurance is required.
Key Highlights
- Two‑bedroom, 900‑square‑foot apartment
- New paint throughout with updated carpet and flooring
- Living room with fireplace and kitchen nook with ceiling fan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,327
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,540
$206.5K
Cap Rate 7%
$147,529
$147.5K
Cap Rate 9%
$114,744
$114.7K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$19.8K $21.96/SF
− Vacancy
−$988 −$1.10/SF
EGI
$18.8K $20.86/SF
− OpEx
−$8.4K −$9.39/SF
NOI
$10.3K $11.47/SF
Area
Fresno, CA
Vacancy
5.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,540
Cap Rate 7%
$147,529
Cap Rate 9%
$114,744
Alternative Uses
Best Use
Apartment 5plus
$147.5K
$129.1K – $172.1K
NOI $10,327 @ 7.0% cap · market cap 898.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.2K
$232.1K – $309.4K
NOI $18,565 @ 7.0% cap · market cap 1,614.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Explore this area
Business Placement
Demographics for 93705, CA
38,125
Population
13,408
Households
2.8
Avg Household Size
31
Median Age
16%
College-Educated
75%
High-School Grad
4.9 sq mi
ZIP Area
7,781
Density / Sq Mi
$55,152
Median Household Income
$35,979
Median Earnings
$1,254
Median Rent
$281,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Updated apartment with covered parking, storage, on-site laundry, and convenient access to shopping.
Where is this residential income property located?
The property is located at 2040 W Shields Ave Fresno, CA.
What are key features of this property?
This property features: Two‑bedroom, 900‑square‑foot apartment; New paint throughout with updated carpet and flooring; Living room with fireplace and kitchen nook with ceiling fan
