8-Unit Apartment
For Sale
$1,050,000
Pending
2125 W Princeton Ave, Fresno, CA 93705
Two-bedroom residences offer varied bathroom configurations, with select units recently refreshed.
Property Size8,016 SF
Days on Market68
Property Features for 2125 W Princeton Ave
General Information
Standard status
Pending
Size
8,016 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Fresno High-Roeding
Highway Access
Yes
Units
Unit Mix
6 x 2BR/1.5BA, 2 x 2BR/1.75BA
Multifamily Units
8
Listing Agency:
Fresno Income Properties
(559) 438-9410
Listed By:
Roy C. Cordova · License #01944933
(559) 319-0591
Source:
Exprealty
Added: Aug 31
Changed: Nov 4
Last Checked: Nov 4 at 1:44PM
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 Fresno Income Properties
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Investment Insights
Based on property information with market context.
Located at 2125 W Princeton Ave in Fresno, this 8-unit apartment property contains 8,016 square feet and offers a consistent two-bedroom configuration across the building. The unit mix includes six residences with 1.5 bathrooms and two residences with 1.75 bathrooms.
Three units have received recent updates, including new flooring, interior paint, countertops, and appliances. The property is near freeway access, shopping, and dining, providing convenient connectivity to nearby services and amenities.
Three units have received recent updates, including new flooring, interior paint, countertops, and appliances. The property is near freeway access, shopping, and dining, providing convenient connectivity to nearby services and amenities.
Key Highlights
- 8‑unit apartment property totaling 8,016 square feet
- Unit mix includes six 2‑bedroom/1.5‑bath units and two 2‑bedroom/1.75‑bath units
- Three units updated with flooring, interior paint, countertops, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,976
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,839,520
$1.8M
Cap Rate 7%
$1,313,943
$1.3M
Cap Rate 9%
$1,021,956
$1.0M
Market Conditions
NOI Build-Up for 8,016 SF
Gross rent
$176.0K $21.96/SF
− Vacancy
−$8.8K −$1.10/SF
EGI
$167.2K $20.86/SF
− OpEx
−$75.3K −$9.39/SF
NOI
$92.0K $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%
$1,839,520
Cap Rate 7%
$1,313,943
Cap Rate 9%
$1,021,956
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,976 @ 7.0% cap · market cap 8.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,354 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
628
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
$281,300
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Fresno, CA
Properties on Market for Apartment buildings in Fresno
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom residences offer varied bathroom configurations, with select units recently refreshed.
Where is this apartment building located?
The property is located at 2125 W Princeton Ave Fresno, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 8‑unit apartment property totaling 8,016 square feet; Unit mix includes six 2‑bedroom/1.5‑bath units and two 2‑bedroom/1.75‑bath units; Three units updated with flooring, interior paint, countertops, and appliances
