Upgraded Residential
2221 S Poppy Avenue Fresno, CA 93706
2221 S Poppy Avenue, Fresno, CA, 93706
$499,999
For Sale
$499,999
Each unit offers four bedrooms and 1.5 baths with remodeled kitchens, bathrooms, and dual-pane windows.
Property Size2,280 SF
Price / SF$219.30
Days on Market34
Property Features for 2221 S Poppy Avenue
General Information
- Standard status
- Active
- Size
- 2,280 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1971
Listing agency
Excel Realty & Mortgage Inc
(408) 250-4626
Listed by
Harmin Sainion · License #01357454
(408) 250-4626
Source
Exitrealty
Added: Jun 19 Updated: Jul 21 at 12:19PM Checked: Jul 22 at 7:00AM
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 Excel Realty & Mortgage Inc
Investment Insights
Based on property information with market context.
This upgraded residential duplex features a single-level layout in each unit. Both sides offer four bedrooms and 1.5 bathrooms, with remodeled kitchens and bathrooms. Improvements include all-new interior and exterior paint, new dual-pane windows, new bedroom carpeting, updated attic insulation, and a fully fenced yard with a front security gate. A large 2-car carport area provides covered parking for the property.
The property is located just minutes from downtown and the Regional Medical Center, and it is close to Roeding Park and the Fresno Chaffee Zoo.
One unit has a new AC system and a new water heater, adding to the overall recent upgrades throughout the duplex.
The property is located just minutes from downtown and the Regional Medical Center, and it is close to Roeding Park and the Fresno Chaffee Zoo.
One unit has a new AC system and a new water heater, adding to the overall recent upgrades throughout the duplex.
Key Highlights
- Duplex built in 1971; each unit is a single‑level layout.
- Each unit features 4 bedrooms and 1.5 bathrooms.
- Remodeled kitchens and bathrooms in both units.
Local Financial Insights For Multifamily LT 5
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 | $45.1k | $19.80 |
| − Vacancy | −$2.5k | −$1.09 |
| EGI | $42.7k | $18.71 |
| − OpEx | −$12.8k | −$5.61 |
| NOI | $29.9k | $13.10 |
2,280 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$426.6K
$373.3K – $497.7K
NOI $29,863 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$373.7K
$327.0K – $436.0K
NOI $26,161 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$671.9K
$587.9K – $783.9K
NOI $47,032 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each unit offers four bedrooms and 1.5 baths with remodeled kitchens, bathrooms, and dual-pane windows.
Where is this duplex located?
The property is located at 2221 S Poppy Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Duplex built in 1971; each unit is a single‑level layout.; Each unit features 4 bedrooms and 1.5 bathrooms.; Remodeled kitchens and bathrooms in both units.
