Three-Home Residential Income
2331 N Arthur Avenue Fresno, CA 93705
New
For Sale
$930,000
MULTI_FAMILY - Fresno, CA
Property Size2,472 SF
Lot Size0.18 Acres
Price / SF$376.21
Days on Market6
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
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 4
- Parking features
- Garage, Covered
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 44405224
- Size
- 2,472 SF
- Lot size
- 0.18 Acres
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Number of units
- 3
- Roof type
- Tile
Listing Agency:
Realty Concepts, Ltd. - Fresno
(559) 490-1500
Listed By:
Mientjie Angouw
(559) 490-1500
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 27 at 5:06AM
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.
Investment Insights
Based on property information with market context.
This newly constructed residential income property includes three homes on one lot: 2331, 2333, and 2335 N. Arthur Ave. The configuration features two detached single-family homes plus an ADU, with each unit offering 2 bedrooms and 2 bathrooms, a living room, and a full kitchen with an eating area. Interiors include quartz countertops and LVP flooring, along with high ceilings and laundry hookups. Each unit also includes a private fenced yard. Durable tile roofs are in place, and owned solar systems are included, along with washers, dryers, refrigerators, and faux wood blinds for all three units.
All three units are fully leased with tenants in place since June 2026. Unit 2331 includes indoor laundry and two parking spots in front of the ADU, with no garage. Unit 2333 includes laundry in the garage, a 1-car garage, and one parking spot in the driveway. Unit 2335 includes laundry in the garage from the alley and a 1-car garage.
The property is presented as a ready-to-own, income-producing portfolio of three separately addressed homes.
All three units are fully leased with tenants in place since June 2026. Unit 2331 includes indoor laundry and two parking spots in front of the ADU, with no garage. Unit 2333 includes laundry in the garage, a 1-car garage, and one parking spot in the driveway. Unit 2335 includes laundry in the garage from the alley and a 1-car garage.
The property is presented as a ready-to-own, income-producing portfolio of three separately addressed homes.
Key Highlights
- Three newly constructed homes on one lot at 2331, 2333, and 2335 N. Arthur Ave, Fresno, CA 93705 (built 2026).
- Property includes two detached single‑family homes plus an ADU; each unit has 2 bedrooms and 2 bathrooms.
- Each unit features quartz countertops, LVP flooring, and private fenced yard space, with laundry hookups (and in‑unit/laundry depending on unit).
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 | $48.9k | $19.80 |
| − Vacancy | −$2.7k | −$1.09 |
| EGI | $46.3k | $18.71 |
| − OpEx | −$13.9k | −$5.61 |
| NOI | $32.4k | $13.10 |
2,472 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Newly constructed triplex with two detached single-family homes and an ADU, each offering private fenced yards.
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 newly constructed homes on one lot at 2331, 2333, and 2335 N. Arthur Ave, Fresno, CA 93705 (built 2026).; Property includes two detached single‑family homes plus an ADU; each unit has 2 bedrooms and 2 bathrooms.; Each unit features quartz countertops, LVP flooring, and private fenced yard space, with laundry hookups (and in‑unit/laundry depending on unit).
