5-Unit Apartment
2263 E Thomas Avenue, Fresno, CA 93701
For Sale
New
$424,900
Multi-Family, Fresno, CA
Property Size2,942 SF
Lot Size0.45 Acres
Price / SF$144.43
Days on Market1
Property Features for 2263 E Thomas Avenue
General Information
Property type
Property subtype
Zoning
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Utilities
Sewer type
Heating system
Water source
Building Details
Floors in Building
Listing Agency:
eXp Realty of Greater Los Angeles, Inc.
(888) 652-1314
Listed By:
Marie Meza · License CA #01772801
(559) 246-4905
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 235277
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.
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Investment Insights
Based on property information with market context.
This RS5-zoned apartment property contains five units across 2,942 square feet. Central heating serves the building, and carport parking is provided.
The 0.4545-acre parcel is in Fresno, California. Public water and public sewer serve the property.
The 0.4545-acre parcel is in Fresno, California. Public water and public sewer serve the property.
Key Highlights
- Five‑unit apartment property
- 2,942 square feet of building area
- 0.4545‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,757
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,140
$675.1K
Cap Rate 7%
$482,243
$482.2K
Cap Rate 9%
$375,078
$375.1K
Market Conditions
NOI Build-Up for 2,942 SF
Gross rent
$64.6K $21.96/SF
− Vacancy
−$3.2K −$1.10/SF
EGI
$61.4K $20.86/SF
− OpEx
−$27.6K −$9.39/SF
NOI
$33.8K $11.47/SF
Area
Fresno, CA
Vacancy
5.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,140
Cap Rate 7%
$482,243
Cap Rate 9%
$375,078
Alternative Uses
Best Use
Apartment 5plus
$482.2K
$422.0K – $562.6K
NOI $33,757 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$867.0K
$758.6K – $1.01M
NOI $60,688 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,231
Businesses Nearby
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Business Placement
Demographics for 93701, CA
12,037
Population
3,836
Households
3.1
Avg Household Size
28
Median Age
7%
College-Educated
48%
High-School Grad
1.5 sq mi
ZIP Area
8,025
Density / Sq Mi
$32,192
Median Household Income
$26,875
Median Earnings
$926
Median Rent
$207,600
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Fresno, CA
Properties on Market for Apartment buildings in Fresno
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The site spans 0.4545 acres and is served by public water and sewer.
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 $424,900.
What are key features of this property?
This property features: Five‑unit apartment property; 2,942 square feet of building area; 0.4545‑acre parcel
