Stabilized Apartment
For Sale
Contact for pricing
2205 Peach Avenue, Clovis, CA 93612
A 59-unit apartment community offered for sale in Clovis, California.
Property Size38,530 SF
Price / SF$184.27
Days on Market155
Property Features for 2205 Peach Avenue
General Information
Standard status
Active
Size
38,530 SF
Class
B
Total Parking Spaces
85
Property subtype
Multifamily
Zoning
R3
Occupancy
96%
Investment Type
Value Add
Net Operating Income
$436,326
Additional Details
Multifamily Units
59
Building Details
Year Built
1973
Buildings
8
Units
59
Tenancy
Multi
Listing Agency:
Northmarq
Listed By:
Brendan Kane · License ##01976828
(559) 289-0698
Source:
Crexi
Added: May 27
Changed: Oct 25
Last Checked: Oct 28 at 5:03AM
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 Northmarq
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Alamos Gardens is a 59-unit apartment community offered for sale. The property is described as a stabilized, income-producing asset.
The community is located at 2205 Peach Avenue in Clovis, California 93612. The asset is being marketed exclusively by Northmarq.
The community is located at 2205 Peach Avenue in Clovis, California 93612. The asset is being marketed exclusively by Northmarq.
Key Highlights
- 59‑unit apartment community for sale in Clovis, California
- Year built: 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$504,654
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,093,080
$10.1M
Cap Rate 7%
$7,209,343
$7.2M
Cap Rate 9%
$5,607,267
$5.6M
Market Conditions
NOI Build-Up for 38,530 SF
Gross rent
$971.0K $25.20/SF
− Vacancy
−$53.4K −$1.39/SF
EGI
$917.6K $23.81/SF
− OpEx
−$412.9K −$10.72/SF
NOI
$504.7K $13.10/SF
Area
Clovis, CA
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,093,080
Cap Rate 7%
$7,209,343
Cap Rate 9%
$5,607,267
Alternative Uses
Best Use
Apartment 5plus
$7.21M
$6.31M – $8.41M
NOI $504,654 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.71M
$8.49M – $11.32M
NOI $679,484 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
59
Residential units
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Explore this area
Business Placement
Demographics for 93612, CA
37,368
Population
14,362
Households
2.6
Avg Household Size
34
Median Age
21%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
5,577
Density / Sq Mi
$64,079
Median Household Income
$40,460
Median Earnings
$1,410
Median Rent
$311,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A 59-unit apartment community offered for sale in Clovis, California.
Where is this apartment building located?
The property is located at 2205 Peach Avenue Clovis, CA.
What is the asking price?
The asking price for this property is $7,100,000.
What are key features of this property?
This property features: 59‑unit apartment community for sale in Clovis, California; Year built: 1973
