Central Fresno Duplex
2251 E Clay Avenue, Fresno, CA 93701
Call to check price and availability
Updated duplex with income potential in a prime location.
Type:Multifamily
Property size:
2,040 SFPrice / SF:
$168/SF- Added:
- May 16, 2026
- Days on Market:
- 15
- Last Refresh:
- May 20 at 4:57 am
Property Features for 2251 E Clay Avenue
General Information
- Standard status
- Active
- Size
- 2,040 SF
- Property subtype
- Multifamily
Listing agent Erika Robles License #01984440
Listing office Keller Williams Realty Antelope Valley (559) 667-7684
Listing date May 16, 2026
Source Crexi
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 Keller Williams Realty Antelope Valley
HighLights
- Vacant unit is fully updated with newer HVAC, new cabinets, and granite countertops.
- Second unit provides instant rental income with a tenant‑occupied, month‑to‑month lease at $1175.
- Each unit features 3 bedrooms and 1 bathroom, plus detached carports and individual indoor laundry rooms.
- Includes private yards for each unit and a shared central courtyard.
- Prime location near Hwy 41, shopping, and entertainment.
- Sale includes a 2‑year roof certification and termite clearance.
Overview
This 2,040 square foot duplex in Central Fresno presents an investment or owner-user opportunity. The property consists of two units, each featuring three bedrooms and one bathroom, along with detached carports and individual indoor laundry rooms. One unit is vacant and has been updated with a newer HVAC system, new cabinets, and granite countertops. The second unit is tenant-occupied with a month-to-month lease at $1175, providing immediate rental income. Each unit has a private yard, and there is also a shared central courtyard. The location is near Highway 41, shopping, and entertainment. The sale includes a 2-year roof certification and termite clearance.
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 | $40.4k | $19.80 |
| − Vacancy | −$2.2k | −$1.09 |
| EGI | $38.2k | $18.71 |
| − OpEx | −$11.5k | −$5.61 |
| NOI | $26.7k | $13.10 |
2,040 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.7K
$334.0K – $445.3K
NOI $26,719 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$334.4K
$292.6K – $390.1K
NOI $23,407 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$601.2K
$526.0K – $701.4K
NOI $42,081 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.7842618
- Latitude
- 36.7566888
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Updated duplex with income potential in a prime location.
Where is this duplex located?
The property is located at 2251 E Clay Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $344,200.
What are key features of this property?
This property features: Vacant unit is fully updated with newer HVAC, new cabinets, and granite countertops.; Second unit provides instant rental income with a tenant‑occupied, month‑to‑month lease at $1175.; Each unit features 3 bedrooms and 1 bathroom, plus detached carports and individual indoor laundry rooms.
