Five-Home Residential Income
2054 South 4th Street Fresno, CA 93702
2054 South 4th Street, Fresno, CA, 93702
$1,400,000
For Sale
$1,400,000
Five rental homes plus an adjacent vacant lot offer a flexible lot-line adjustment configuration.
Property Size7,090 SF
Price / SF$197.46
Days on Market225
Property Features for 2054 South 4th Street
General Information
- Standard status
- Active
- Size
- 7,090 SF
- Property subtype
- Multi Family / 5 to 15 Units
Building Details
- Year Built
- 1990
Listing agency
Guarantee Real Estate
(559) 307-3994
Listed by
Beverly Grabel · License #01216278
(559) 307-3994
Source
Compass
Added: Dec 10, 2025 Updated: Jul 22 at 10:59PM Checked: Jul 22 at 10:59PM
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 Guarantee Real Estate
Investment Insights
Based on property information with market context.
This offering includes five rental homes, each described as 5-bedroom with two bathrooms, along with an adjacent vacant lot. The property is also noted as being potentially separable via a lot-line adjustment into three groupings: two homes, two homes, and one home with a lot. Rents are described as decent.
The asset is located at 2054 South 4th Street in Fresno, California.
The configuration supports multiple ways to organize the homes and lot area, which may be useful for buyers seeking a divided presentation of the residential income component.
The asset is located at 2054 South 4th Street in Fresno, California.
The configuration supports multiple ways to organize the homes and lot area, which may be useful for buyers seeking a divided presentation of the residential income component.
Key Highlights
- 5 rental homes with 5 bedrooms and 2 baths each
- Adjacent vacant lot included for flexible lot‑line adjustment configuration
- Lot‑line adjustment can separate the property into 2 homes, 2 homes, and 1 home with a lot
Local Financial Insights For Apartment 5plus
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 | $160.0k | $22.56 |
| − Vacancy | −$8.3k | −$1.17 |
| EGI | $151.6k | $21.39 |
| − OpEx | −$68.2k | −$9.62 |
| NOI | $83.4k | $11.76 |
7,090 SF · lease $22.56/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,398 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,113 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AOTA COURIER SERVICES
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Five rental homes plus an adjacent vacant lot offer a flexible lot-line adjustment configuration.
Where is this apartment building located?
The property is located at 2054 South 4th Street Fresno, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 5 rental homes with 5 bedrooms and 2 baths each; Adjacent vacant lot included for flexible lot‑line adjustment configuration; Lot‑line adjustment can separate the property into 2 homes, 2 homes, and 1 home with a lot
