8-Unit Apartment
New
For Sale
$1,050,000
2125 W Princeton Avenue, Fresno, CA 93705
Multi Family, Fresno, CA
Property Size8,016 SF
Lot Size0.35 Acres
Price / SF$130.99
Days on Market2
Property Features for 2125 W Princeton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
16
Bathrooms
12
Full bathrooms
12
Rooms
Bathroom 7, Bedroom 9, Bedroom 15, Bathroom 5, Bedroom 7, Bedroom 16, Bathroom 11, Bedroom 5, Bathroom 1, Bathroom 4, Bathroom 12, Bedroom 2, Bedroom 13, Bedroom 4, Bedroom 11, Bedroom 10, Bathroom 2, Bathroom 10, Bedroom 1, Bedroom 8, Bathroom 6, Bedroom 12, Bathroom 8, Bedroom 3, Bathroom 3, Bathroom 9, Bedroom 14, Bedroom 6
Parking features
Carport, Covered
Exterior features
Stucco, Wood, Brick
High school district
Fresno Unified
Directions
Tavel South on Hughes Ave. turn right on Michigan Ave. Left on frotage road (Huges Access) right on Prinction
Subdivision
705
Standard status
Active
APN
44216213
Size
8,016 SF
Lot size
0.35 Acres
Building Details
Year built
1966
Floors in Building
2
Number of units
8
Roof type
Wood
Listing Agency:
Fresno Income Properties
(559) 438-9410
Listed By:
Roy Cordova · License #01944933
(559) 438-9410
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 5:06PM
MLS# 654572
Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8-unit apartment property contains 8,016 square feet on 0.3471 acres and was built in 1966. The unit mix consists entirely of two-bedroom apartments, with six offering 1.5 baths and two offering 1.75 baths. Three apartments have received recent updates that include flooring, interior paint, countertops, and appliances. Exterior materials include stucco, wood, and brick, with a wood roof and covered carport parking.
Located at 2125 W Princeton Avenue in Fresno, the property offers access to nearby freeways as well as shopping and dining options. The configuration provides a consistent two-bedroom layout across all eight units, with modest variation in bathroom count. A buyer seeking additional information is directed to contact an agent, and property access should be coordinated without disturbing residents.
Located at 2125 W Princeton Avenue in Fresno, the property offers access to nearby freeways as well as shopping and dining options. The configuration provides a consistent two-bedroom layout across all eight units, with modest variation in bathroom count. A buyer seeking additional information is directed to contact an agent, and property access should be coordinated without disturbing residents.
Key Highlights
- 8,016‑square‑foot apartment property on 0.3471 acres
- Eight total units, all with two‑bedroom layouts
- Six units include 2‑bedroom/1.5‑bath plans
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,976
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three units feature recent interior improvements, while covered carport parking serves the multifamily property.
Where is this apartment building located?
The property is located at 2125 W Princeton Avenue 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: 8,016‑square‑foot apartment property on 0.3471 acres; Eight total units, all with two‑bedroom layouts; Six units include 2‑bedroom/1.5‑bath plans
