Duplex with Two Separate
For Sale
$320,000
Pending
2316 S Eunice Avenue, Fresno, CA 93706
Two residential units offer distinct bedroom and bathroom configurations.
Property Size2,096 SF
Days on Market458
Property Features for 2316 S Eunice Avenue
General Information
Standard status
Pending
Size
2,096 SF
Property subtype
Multi Family
Building Details
Year Built
1925
Listing Agency:
Markendorf and Associates
(661) 912-7577
Listed By:
Phi-Yen Markendorf · License #01930581
(661) 912-7577
Source:
Exitrealty
Added: May 31, 2025
Changed: Aug 30
Last Checked: Aug 30 at 4:53PM
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 Markendorf and Associates
Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,096 square feet and was built in 1925. The rear residence includes four bedrooms and two bathrooms, while the front unit provides three bedrooms and one bathroom. The property requires renovation, offering a substantial improvement project for an investor or owner-occupant.
Located at 2316 S Eunice Avenue in Fresno, the lot includes room for parking and potential outdoor improvements. Seller financing is available; details can be requested from the seller.
Located at 2316 S Eunice Avenue in Fresno, the lot includes room for parking and potential outdoor improvements. Seller financing is available; details can be requested from the seller.
Key Highlights
- Two‑unit duplex with 2,096 square feet
- Rear unit includes 4 bedrooms and 2 bathrooms
- Front unit includes 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,453
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$549,060
$549.1K
Cap Rate 7%
$392,186
$392.2K
Cap Rate 9%
$305,033
$305.0K
Market Conditions
NOI Build-Up for 2,096 SF
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.
Gross rent
$41.5K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$39.2K $18.71/SF
− OpEx
−$11.8K −$5.61/SF
NOI
$27.5K $13.10/SF
Area
Fresno, CA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$549,060
Cap Rate 7%
$392,186
Cap Rate 9%
$305,033
Alternative Uses
Best Use
Multifamily LT 5
$392.2K
$343.2K – $457.6K
NOI $27,453 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$343.6K
$300.6K – $400.8K
NOI $24,050 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$617.7K
$540.5K – $720.6K
NOI $43,236 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Explore this area
Business Placement
Demographics for 93706, CA
40,965
Population
12,239
Households
3.3
Avg Household Size
31
Median Age
9%
College-Educated
62%
High-School Grad
158.5 sq mi
ZIP Area
258
Density / Sq Mi
$40,023
Median Household Income
$28,495
Median Earnings
$1,129
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct bedroom and bathroom configurations.
Where is this duplex located?
The property is located at 2316 S Eunice Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,096 square feet; Rear unit includes 4 bedrooms and 2 bathrooms; Front unit includes 3 bedrooms and 1 bathroom
