2263 E Thomas Avenue Fresno, CA 93701
MULTI_FAMILY - Fresno, CA
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
Listing agent Marie Meza License #01772801 (559) 246-4905
Listing office eXp Realty of Greater Los Angeles, Inc. 303 N Glenoaks Blvd., Ste. 200, Burbank, CA (888) 652-1314
Listing date May 1, 2026
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.
Investment Insights
Based on property information with market context.
The asset is located in Fresno, California 93701 within Fresno County. The listing is presented as an opportunity for buyers seeking either a turnkey approach or a value-add strategy, depending on their operating preferences.
From a tenant and operator perspective, five units can support a managed residential rental business while remaining sized for hands-on stewardship. For investors, RS5 zoning and the defined multi-unit configuration may align with plans for small-scale apartment ownership and long-term rental operations, subject to buyer due diligence on unit condition and income details.
Key Highlights
- Multi‑unit investment property featuring five units.
- Income‑producing asset offering immediate income generation.
- Consistent rental demand makes this a sound investment.
Local Financial Insights For Apartment 5plus
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 | $64.6k | $21.96 |
| − Vacancy | −$3.2k | −$1.10 |
| EGI | $61.4k | $20.86 |
| − OpEx | −$27.6k | −$9.39 |
| NOI | $33.8k | $11.47 |
