Triplex With Owned
For Sale
$930,000
2331 N Arthur Avenue, Fresno, CA 93705
Multi Family, Fresno, CA
Property Size2,472 SF
Lot Size0.18 Acres
Price / SF$376.21
Days on Market101
Property Features for 2331 N Arthur Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Property condition
Under Construction
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 4, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 3
Parking features
Covered, Garage
Exterior features
Stucco
High school district
Fresno Unified
Directions
From CA-41 S, Exit W onto Shields. Turn Left on Palm. Turn Right on Clinton. Turn Left on Arthur. Property is on the Right.
Subdivision
705
Standard status
Active
APN
44405224
Size
2,472 SF
Lot size
0.18 Acres
Additional Details
Tenant in Place
Yes
Amenities
fenced yard
solar system
washer
dryer
refrigerator
faux wood blinds
Building Details
Year built
2026
Floors in Building
1
Number of units
3
Roof type
Tile
Buildings
3
Listing Agency:
Realty Concepts, Ltd. - Fresno
Listed By:
Mientjie Angouw
(559) 490-1500
Added: Jul 22
Changed: Oct 29
Last Checked: Oct 30 at 11:06AM
MLS# 652460
Copyright © 2026 Fresno Association 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 triplex property contains three separate residences on one lot, including two detached single-family homes and an accessory dwelling unit. The residences are configured with two bedrooms and two bathrooms, along with living areas, full kitchens, eating spaces, quartz countertops, LVP flooring, high ceilings, and private fenced yards. Laundry hookups are provided throughout, with laundry located in the garages at two residences. Owned solar systems, washers, dryers, refrigerators, faux wood blinds, and tile roofs are included. The property has 2,472 square feet of building area on a 0.1825-acre lot.
The address is 2331 N Arthur Avenue in Fresno, California 93705. The front ADU measures 812 square feet and includes two parking spaces, while the middle residence measures 830 square feet and has a 1-car garage plus one driveway space. The rear residence also measures 830 square feet and includes a 1-car garage accessed from the alley. Construction is identified as 2026, with the property condition listed as under construction.
The address is 2331 N Arthur Avenue in Fresno, California 93705. The front ADU measures 812 square feet and includes two parking spaces, while the middle residence measures 830 square feet and has a 1-car garage plus one driveway space. The rear residence also measures 830 square feet and includes a 1-car garage accessed from the alley. Construction is identified as 2026, with the property condition listed as under construction.
Key Highlights
- Three residences on one 0.1825‑acre lot, including two detached homes and an ADU
- 2,472 square feet of total building area
- Each residence is configured with 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,378
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,560
$647.6K
Cap Rate 7%
$462,543
$462.5K
Cap Rate 9%
$359,756
$359.8K
Market Conditions
NOI Build-Up for 2,472 SF
Gross rent
$48.9K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.3K $18.71/SF
− OpEx
−$13.9K −$5.61/SF
NOI
$32.4K $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 Rate 5%
$647,560
Cap Rate 7%
$462,543
Cap Rate 9%
$359,756
Alternative Uses
Best Use
Multifamily LT 5
$462.5K
$404.7K – $539.6K
NOI $32,378 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$405.2K
$354.6K – $472.7K
NOI $28,364 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$728.5K
$637.4K – $849.9K
NOI $50,992 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
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Business Placement
Demographics for 93705, CA
38,125
Population
13,408
Households
2.8
Avg Household Size
31
Median Age
16%
College-Educated
75%
High-School Grad
4.9 sq mi
ZIP Area
7,781
Density / Sq Mi
$55,152
Median Household Income
$35,979
Median Earnings
$1,254
Median Rent
$281,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences combine private outdoor areas, individual laundry provisions, and attached garage parking for two units.
Where is this triplex located?
The property is located at 2331 N Arthur Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Three residences on one 0.1825‑acre lot, including two detached homes and an ADU; 2,472 square feet of total building area; Each residence is configured with 2 bedrooms and 2 bathrooms
