Back to Search

Fresno Multifamily Investment Opportunity

2263 E Thomas Avenue, Fresno, CA 93701

View on Map

For Sale

$474,900

MULTI_FAMILY - Fresno, CA

Property size:

2,942 SF

Lot size:

0.45 Acres

Price / SF:

$161/SF

HighLights

Multi‑unit investment property featuring five units.
Income‑producing asset offering immediate income generation.
Consistent rental demand makes this a sound investment.
Turnkey asset with value‑add opportunity for increased returns.
Features central heating.
Includes carport parking.

We can help!

Listing Contact

Marie Meza

Learn more

For Sale

$474,900

MULTI_FAMILY - Fresno, CA

Property size:

2,942 SF

Lot size:

0.45 Acres

Price / SF:

$161/SF

Added:: May 1, 2026
Days on Market:: 51
Last Refresh:: Jun 20 at 1:06 pm

Property Features for 2263 E Thomas Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: RS5
Parking features: Carport
Standard status: Active
APN: 45223525
Size: 2,942 SF
Lot size: 0.45 Acres

Utilities

Sewer type: Public Sewer
Heating system: Central
Water source: Public

Building Details

Floors in Building: 1

We can help!

Listing Contact

Marie Meza

Listing agent Marie Meza License #01772801

Listing office eXp Realty of Greater Los Angeles, Inc. 303 N Glenoaks Blvd., Ste. 200, Burbank, CA

Listing date May 1, 2026

MLS# 234126 Listing URL

Copyright © 2026 Kings County Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Multi‑unit investment property featuring five units.
Income‑producing asset offering immediate income generation.
Consistent rental demand makes this a sound investment.
Turnkey asset with value‑add opportunity for increased returns.
Features central heating.
Includes carport parking.

Overview

Located in Fresno, CA, the property at 2263 E Thomas Ave is a multi-unit investment opportunity featuring five units. This income-producing asset is suitable for experienced investors and those aiming to grow their portfolio. The property offers immediate income generation and potential for future rent growth, due to consistent rental demand in the area. The property provides flexibility, location, and income potential. The lot size is 0.4545 acres. The property size is 2942 square feet. The zoning is RS5.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$64.6k	$21.96
− Vacancy	−$3.2k	−$1.10
EGI	$61.4k	$20.86
− OpEx	−$27.6k	−$9.39
NOI	$33.8k	$11.47

2,942 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$482.2K

$422.0K – $562.6K (±1% cap)

NOI $33,757 @ 7.0% cap · market cap 7.11%

Second Best

—

no second resolved use

Theoretical Best

Office A

$867.0K

$758.6K – $1.01M (±1% cap)

NOI $60,688 @ 7.0% cap · market cap 12.78%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Fresno
County: Fresno
State: California
Longitude: -119.783864
Latitude: 36.752762

Nearby Similar for Sale

$500,000

3,202 SF

Retail Storefront Property

Single retail storefront property offered for sale with defined size in a Fresno commercial setting.

4141 E Gettysburg Avenue, Fresno, CA 93726

View Details
$215,000

2,523 SF

Mixed-Use Bar and Office Building

Mixed-use building with a bar/lounge, kitchen, and separate office spaces on a 0.4-acre lot.

732 S Trinity Street, Fresno, CA 93706

View Details
$998,000

5,059 SF

Office Building For Sale

Well-sized office building offered for sale in Fresno, California.

1490 W Shaw Avenue, Fresno, CA 93711

View Details
$750,000

11,500 SF

Sorority House Near Bulldog Stadium

Sorority house with 13 bedrooms near Fresno State University.

5327 N Millbrook Avenue, Fresno, CA 93710

View Details
$4,490,000

10,251 SF

Industrial Warehouse Distribution Building

For-sale industrial warehouse on 3.76 acres in Fresno, sized for practical storage and distribution use.

2559 S East Avenue, Fresno, CA 93706

View Details
$1,300,000

2,668 SF

Three-Home Residential Income Property

Three separate dwellings on one lot offer flexible living arrangements and multiple income or household use options.

4924 N Arthur Avenue, Fresno, CA 93705

View Details
$625,000

4,402 SF

Office Building For Sale

Compact office property in Fresno available for sale, offering space that can work well for small businesses.

2950 Mariposa Street, Fresno, CA 93721

View Details
$725,000

5,720 SF

Automotive Service Retail Building

For sale automotive service/retail building on a compact lot, ideal for owner-operators or auto-related users.

1824 E Mckinley Avenue, Fresno, CA 93703

View Details
$1,399,500

3,548 SF

Fresno Commercial Property For Sale

Commercial property featuring 3,548 square feet on 1.47 acres.

5781 E Kings Canyon Road, Fresno, CA 93727

View Details
$899,000

4,590 SF

Fresno Income-Producing Fourplex

Well-maintained fourplex in Fresno with recent upgrades and low expenses.

3420 N Van Ness Boulevard, Fresno, CA 93704

View Details
$315,000

5,044 SF

Office Building for Sale

Well-sized office property on its own parcel, offering a straightforward option for owner-users or investors.

1524 N West Avenue, Fresno, CA 93728

View Details
$975,900

5,867 SF

Industrial Warehouse for Sale

Warehouse property offered for sale, sized to support light industrial and distribution uses.

5935 E Clinton Avenue, Fresno, CA 93727

View Details

For sale
Apartment buildings
CA
Fresno
93701
2263 E Thomas Avenue

What type of property is this?

Apartment building - Five-unit income property in Fresno, offering immediate income potential.

Where is this apartment building located?

The property is located at 2263 E Thomas Avenue Fresno, CA.

What is the asking price?

The asking price for this property is $474,900.

What are key features of this property?

This property features: Multi‑unit investment property featuring five units.; Income‑producing asset offering immediate income generation.; Consistent rental demand makes this a sound investment.

2263 E Thomas Avenue, Fresno, CA 93701

MULTI_FAMILY - Fresno, CA

Property Features for 2263 E Thomas Avenue

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail Storefront Property

Mixed-Use Bar and Office Building

Office Building For Sale

Sorority House Near Bulldog Stadium

Industrial Warehouse Distribution Building

Three-Home Residential Income Property

Office Building For Sale

Automotive Service Retail Building

Fresno Commercial Property For Sale

Fresno Income-Producing Fourplex

Office Building for Sale

Industrial Warehouse for Sale

FAQs

Create New Password