Duplex with Updated Two-Bedroom
For Sale
$549,500
2045 W Simpson, Fresno, CA 93705
Well-maintained duplex offering a 3-bedroom 2-bath unit and an updated 2-bedroom 2-bath unit with dedicated outdoor space.
Days on Market128
Property Features for 2045 W Simpson
General Information
Standard status
Active
Property subtype
Multi Family Home
Building Details
Building Size
2,622 SF
Year Built
1978
Tenancy
Multi
Listing Agency:
Paramount Properties
(559) 260-8497
Listed By:
Joseph Chimienti · License #01947112
(559) 260-8497
Source:
Coalingamidstaterealty
Added: Mar 27
Changed: Jul 30
Last Checked: Jul 31 at 12:31PM
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 Paramount Properties
Investment Insights
Based on property information with market context.
This well-maintained duplex was built in 1978 and features two separate residences, each with its own comfortable layout. One unit is a 3-bedroom, 2-bath configuration, and the second unit offers a 2-bedroom, 2-bath layout that is described as updated.
The property is set up to support either an investor-style rental approach or an owner-occupant scenario, with the possibility of living in one unit and leasing the other. Both units are described as having ample natural light and dedicated outdoor space.
Overall, the duplex provides flexible live-in or lease-out utility while maintaining a consistent residential configuration across both units.
The property is set up to support either an investor-style rental approach or an owner-occupant scenario, with the possibility of living in one unit and leasing the other. Both units are described as having ample natural light and dedicated outdoor space.
Overall, the duplex provides flexible live-in or lease-out utility while maintaining a consistent residential configuration across both units.
Key Highlights
- Year built: 1978
- 3‑bedroom, 2‑bath unit
- Updated 2‑bedroom, 2‑bath unit
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 | $51.9k | $19.80 |
| − Vacancy | −$2.9k | −$1.09 |
| EGI | $49.1k | $18.71 |
| − OpEx | −$14.7k | −$5.61 |
| NOI | $34.3k | $13.10 |
2,622 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$490.6K
$429.3K – $572.4K
NOI $34,342 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$429.8K
$376.1K – $501.4K
NOI $30,085 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$772.7K
$676.1K – $901.5K
NOI $54,087 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
355
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex offering a 3-bedroom 2-bath unit and an updated 2-bedroom 2-bath unit with dedicated outdoor space.
Where is this duplex located?
The property is located at 2045 W Simpson Fresno, CA.
What is the asking price?
The asking price for this property is $549,500.
What are key features of this property?
This property features: Year built: 1978; 3‑bedroom, 2‑bath unit; Updated 2‑bedroom, 2‑bath unit
