New Triplex with Private
For Sale
$899,950
2379 N Arthur, Fresno, CA 93705
Three separate two-bedroom residences feature owned solar, private fencing, and dedicated parking or garage space.
Property Size3,048 SF
Price / SF$295.26
Days on Market63
Property Features for 2379 N Arthur
General Information
Standard status
Active
Size
3,048 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
3 x 2BED/2BATH
Multifamily Units
3
Amenities
solar
private fenced yard
washer/dryer
ductless HVAC
Building Details
Year Built
2026
Listing Agency:
AJR Real Estate
(559) 908-8883
Listed By:
John W. Ahl Jr · License #DRE #01767610
(559) 908-8883
Source:
Exitrealty
Added: Jun 30
Changed: Aug 30
Last Checked: Aug 30 at 4:01PM
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 AJR Real Estate
Investment Insights
Based on property information with market context.
This 2026-built triplex contains 3,048 square feet across three separately configured residences. Each unit offers two bedrooms and two bathrooms, along with a refrigerator, washer, and dryer. Interior improvements include quartz countertops, vinyl flooring, and ductless HVAC systems. Every residence also has its own fenced outdoor area and owned solar equipment.
The property includes three distinct unit layouts. The residence at 2379 N Arthur measures 812 SF and provides indoor laundry plus room for 2 parking spots. The 2381 N Arthur unit measures 830 SF and combines garage laundry with a 1-car garage and 1 additional parking spot. The 2383 N Arthur residence is also 830 SF, with laundry in the garage and a 1-car garage.
The property includes three distinct unit layouts. The residence at 2379 N Arthur measures 812 SF and provides indoor laundry plus room for 2 parking spots. The 2381 N Arthur unit measures 830 SF and combines garage laundry with a 1-car garage and 1 additional parking spot. The 2383 N Arthur residence is also 830 SF, with laundry in the garage and a 1-car garage.
Key Highlights
- Three‑unit property totaling 3,048 SF, built in 2026
- Each residence includes 2 bedrooms and 2 bathrooms
- Owned solar installed for every unit
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
$39,922
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
4.44%
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%
$798,440
$798.4K
Cap Rate 7%
$570,314
$570.3K
Cap Rate 9%
$443,578
$443.6K
Market Conditions
NOI Build-Up for 3,048 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
$60.4K $19.80/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$57.0K $18.71/SF
− OpEx
−$17.1K −$5.61/SF
NOI
$39.9K $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%
$798,440
Cap Rate 7%
$570,314
Cap Rate 9%
$443,578
Alternative Uses
Best Use
Multifamily LT 5
$570.3K
$499.0K – $665.4K
NOI $39,922 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$499.6K
$437.2K – $582.9K
NOI $34,973 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$898.2K
$785.9K – $1.05M
NOI $62,874 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three separate two-bedroom residences feature owned solar, private fencing, and dedicated parking or garage space.
Where is this triplex located?
The property is located at 2379 N Arthur Fresno, CA.
What is the asking price?
The asking price for this property is $899,950.
What are key features of this property?
This property features: Three‑unit property totaling 3,048 SF, built in 2026; Each residence includes 2 bedrooms and 2 bathrooms; Owned solar installed for every unit
