14-Unit Apartment
For Sale
Contact for pricing
2043 E Saginaw Way, Fresno, CA 93726
Gated 14-unit apartment property with recently updated interiors, central AC, and tenant-assigned carport parking.
Property Size11,960 SF
Price / SF$196.06
Days on Market143
Property Features for 2043 E Saginaw Way
General Information
Standard status
Active
Size
11,960 SF
Total Parking Spaces
13
Property subtype
Multifamily
Zoning
RMX
Occupancy
78%
Investment Type
Stabilized
Net Operating Income
$130,971
Building Details
Year Built
1961
Units
14
Tenancy
Multi
Listing Agency:
Colliers - Fresno, California
Listed By:
Jeff Kim · License #CA 01456017
Source:
Crexi
Added: Jun 2
Changed: Oct 2
Last Checked: Oct 20 at 8:53PM
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 Colliers - Fresno, California
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Investment Insights
Based on property information with market context.
2043 E Saginaw Way is a 14-unit apartment community featuring a mix of thirteen 2-bedroom/1-bath units and one 3-bedroom/1-bath unit. The property has recently updated interiors throughout, including vinyl flooring, central AC, updated kitchens and bathrooms, and gas appliances. Each unit includes tenant-paid PG&E, with individual metering in place. The community also offers an on-site laundry facility and secured gated entry, and every tenant has an assigned carport parking space.
The property is located in Fresno’s McLane neighborhood. The landlord currently covers water, sewer, and trash, while tenants are responsible for their own PG&E.
The rentable improvements total 11,960 square feet across the apartment mix, set on a 17,424 square foot lot. The on-site laundry facility provides immediate ancillary income for the new owner.
The property is located in Fresno’s McLane neighborhood. The landlord currently covers water, sewer, and trash, while tenants are responsible for their own PG&E.
The rentable improvements total 11,960 square feet across the apartment mix, set on a 17,424 square foot lot. The on-site laundry facility provides immediate ancillary income for the new owner.
Key Highlights
- 14‑unit apartment community in Fresno’s McLane neighborhood on a 17,424 SF lot with 11,960 SF of rentable improvements
- Unit mix includes thirteen 2BD/1BA units and one 3BD/1BA unit
- Recently updated interiors throughout with vinyl flooring, central AC, updated kitchens and bathrooms, and gas appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,482
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,549,640
$2.5M
Cap Rate 7%
$1,821,171
$1.8M
Cap Rate 9%
$1,416,467
$1.4M
Market Conditions
NOI Build-Up for 11,960 SF
Gross rent
$244.0K $20.40/SF
− Vacancy
−$12.2K −$1.02/SF
EGI
$231.8K $19.38/SF
− OpEx
−$104.3K −$8.72/SF
NOI
$127.5K $10.66/SF
Area
ZIP 93726
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,549,640
Cap Rate 7%
$1,821,171
Cap Rate 9%
$1,416,467
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,482 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,602 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,141
Businesses Nearby
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Business Placement
Demographics for 93726, CA
42,366
Population
15,744
Households
2.7
Avg Household Size
31
Median Age
17%
College-Educated
78%
High-School Grad
6.4 sq mi
ZIP Area
6,620
Density / Sq Mi
$51,913
Median Household Income
$31,697
Median Earnings
$1,254
Median Rent
$271,800
Median Home Value
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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?
Apartment building - Gated 14-unit apartment property with recently updated interiors, central AC, and tenant-assigned carport parking.
Where is this apartment building located?
The property is located at 2043 E Saginaw Way Fresno, CA.
What is the asking price?
The asking price for this property is $2,344,900.
What are key features of this property?
This property features: 14‑unit apartment community in Fresno’s McLane neighborhood on a 17,424 SF lot with 11,960 SF of rentable improvements; Unit mix includes thirteen 2BD/1BA units and one 3BD/1BA unit; Recently updated interiors throughout with vinyl flooring, central AC, updated kitchens and bathrooms, and gas appliances
