Turnkey Four-Unit Multifamily
2311 East White Avenue Fresno, CA 93701
2311 East White Avenue, Fresno, CA, 93701
$725,000
For Sale
$725,000
Turnkey 4-plex with four 2-bedroom, 1-bath units, fully occupied and with recent interior upgrades in three units.
Property Size3,304 SF
Price / SF$219.43
Days on Market155
Property Features for 2311 East White Avenue
General Information
- Standard status
- Active
- Size
- 3,304 SF
- Property subtype
- Multi Family / Quadruplex
Building Details
- Year Built
- 1979
Listing agency
Iron Key Real Estate
(559) 917-5453
Listed by
Diego M Hinojosa · License #02041380
(559) 917-5453
Source
Compass
Added: Feb 18 Updated: Jul 21 at 3:24PM Checked: Jul 22 at 8:09AM
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 Iron Key Real Estate
Investment Insights
Based on property information with market context.
Turnkey 4-unit multifamily property offering four 2-bedroom, 1-bath units that are currently fully occupied on month-to-month agreements. Three of the four units have been recently renovated with modern wood-style flooring, fresh interior paint, updated lighting and hardware, and refreshed kitchen finishes including subway tile backsplash and new granite counters. The exterior has also been recently painted, with new fascia, supporting a well-maintained appearance and reduced deferred maintenance.
The property is located in the 93701 area of Fresno, near Downtown Fresno and the Tower District. It is also described as being close to the Fulton Street corridor and the courthouse district.
Additional income opportunity may be available through an unfinished downstairs laundry/storage area. The building is presented in clean, well-maintained condition and is being offered for purchase as a stabilized rental asset.
The property is located in the 93701 area of Fresno, near Downtown Fresno and the Tower District. It is also described as being close to the Fulton Street corridor and the courthouse district.
Additional income opportunity may be available through an unfinished downstairs laundry/storage area. The building is presented in clean, well-maintained condition and is being offered for purchase as a stabilized rental asset.
Key Highlights
- 4‑unit multifamily with four 2‑bedroom, 1‑bath units in 93701, fully occupied
- Three of four units recently renovated with modern wood‑style flooring, fresh interior paint, updated lighting, and refreshed kitchen finishes
- Kitchen upgrades include subway tile backsplash and new granite counters in renovated 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 | $65.4k | $19.80 |
| − Vacancy | −$3.6k | −$1.09 |
| EGI | $61.8k | $18.71 |
| − OpEx | −$18.5k | −$5.61 |
| NOI | $43.3k | $13.10 |
3,304 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$618.2K
$540.9K – $721.3K
NOI $43,275 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$541.6K
$473.9K – $631.8K
NOI $37,910 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$973.6K
$851.9K – $1.14M
NOI $68,155 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Anthony James Apartments
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Turnkey 4-plex with four 2-bedroom, 1-bath units, fully occupied and with recent interior upgrades in three units.
Where is this quadplex located?
The property is located at 2311 East White Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 4‑unit multifamily with four 2‑bedroom, 1‑bath units in 93701, fully occupied; Three of four units recently renovated with modern wood‑style flooring, fresh interior paint, updated lighting, and refreshed kitchen finishes; Kitchen upgrades include subway tile backsplash and new granite counters in renovated units
