Single-Story
For Sale
$485,000
2216 N 1st St, Fresno, CA 93703
Four residential units are arranged across a single level, with four bedrooms and four bathrooms in total.
Property Size2,555 SF
Lot Size0.19 Acres
Price / SF$189.82
Days on Market20
Property Features for 2216 N 1st St
General Information
Standard status
Active
Size
2,555 SF
Lot size
0.19 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Building Details
Stories
1
Listing Agency:
99 Properties Inc.
(559) 374-0979
Listed By:
John M. Pestorich · License #01348485
(559) 360-8183
Source:
Exprealty
Added: Sep 25
Changed: Oct 11
Last Checked: Oct 12 at 10:24PM
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 99 Properties Inc.
Investment Insights
Based on property information with market context.
This Fresno fourplex contains four units, with a combined 2,555 square feet of building area on an 8,400-square-foot lot. The single-story property has four bedrooms and four bathrooms. One unit was vacant at the time of listing; offers are subject to interior inspection, and occupants are not to be disturbed.
At 2216 N 1st St, the property sits on the east side of First Street, just south of Clinton Avenue, in Fresno’s McLane neighborhood. Two other fourplexes are located nearby along the street.
Tenants pay their own electricity and gas. Ownership is responsible for management, landscaping, repairs, insurance, water, and sewer.
At 2216 N 1st St, the property sits on the east side of First Street, just south of Clinton Avenue, in Fresno’s McLane neighborhood. Two other fourplexes are located nearby along the street.
Tenants pay their own electricity and gas. Ownership is responsible for management, landscaping, repairs, insurance, water, and sewer.
Key Highlights
- Four‑unit property with 2,555 square feet of building area
- 8,400‑square‑foot lot
- Four bedrooms and four bathrooms across the four units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,465
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,300
$669.3K
Cap Rate 7%
$478,071
$478.1K
Cap Rate 9%
$371,833
$371.8K
Market Conditions
NOI Build-Up for 2,555 SF
Gross rent
$50.6K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$47.8K $18.71/SF
− OpEx
−$14.3K −$5.61/SF
NOI
$33.5K $13.10/SF
Area
Fresno, CA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,300
Cap Rate 7%
$478,071
Cap Rate 9%
$371,833
Alternative Uses
Best Use
Multifamily LT 5
$478.1K
$418.3K – $557.8K
NOI $33,465 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$418.8K
$366.5K – $488.6K
NOI $29,316 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$752.9K
$658.8K – $878.4K
NOI $52,705 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
Explore this area
Business Placement
Demographics for 93703, CA
34,840
Population
11,155
Households
3.1
Avg Household Size
31
Median Age
9%
College-Educated
72%
High-School Grad
4.8 sq mi
ZIP Area
7,258
Density / Sq Mi
$43,236
Median Household Income
$30,359
Median Earnings
$1,204
Median Rent
$250,200
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?
Quadplex - Four residential units are arranged across a single level, with four bedrooms and four bathrooms in total.
Where is this quadplex located?
The property is located at 2216 N 1st St Fresno, CA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Four‑unit property with 2,555 square feet of building area; 8,400‑square‑foot lot; Four bedrooms and four bathrooms across the four units
