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 Market65
Property Features for 2205 Peach Avenue
General Information
Standard status
Active
Size
38,530 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
59
Building Details
Year Built
1973
Listing Agency:
Northmarq
(952) 356-0100
Listed By:
Robin Kane · License ##00583537
Source:
Crexi
Added: May 27
Changed: Jul 23
Last Checked: Jul 29 at 9:55AM
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
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 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 | $971.0k | $25.20 |
| − Vacancy | −$53.4k | −$1.39 |
| EGI | $917.6k | $23.81 |
| − OpEx | −$412.9k | −$10.72 |
| NOI | $504.7k | $13.10 |
38,530 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%
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.
Property Analytics
Current Use
Lease Details
59
Residential units
Location Intelligence
Trade Area within ½ mile
348
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
