Duplex with Detached
For Sale
$590,000
2430 N Rowell Avenue, Fresno, CA 93703
Two separate residences share a lot with private solar systems, substantial parking, and a detached garage.
Property Size2,744 SF
Price / SF$215.01
Days on Market139
Property Features for 2430 N Rowell Avenue
General Information
Standard status
Active
Size
2,744 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 4BR/1.75BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
detached garage
solar panels
Building Details
Year Built
1956
Buildings
2
Listing Agency:
Realty Concepts, Ltd. - Fresno
(559) 273-4224
Listed By:
Diana S. Calderon · License #02216043
(559) 273-4224
Source:
Exitrealty
Added: Apr 15
Changed: Aug 30
Last Checked: Aug 30 at 1:06PM
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 Realty Concepts, Ltd. - Fresno
Investment Insights
Based on property information with market context.
This duplex property at 2430 N Rowell Avenue includes two independent residences on one lot. The primary home offers four bedrooms and 1.75 bathrooms, while the detached newer residence measures just under 1,000 square feet with two bedrooms, one full bathroom, updated finishes, and energy-efficient appliances. Combined property size is 2,744 square feet.
Parking accommodates both residences with a 440-square-foot detached garage, an extra-long driveway, and additional designated parking areas. The property is situated in an established Fresno neighborhood near McLane High School. Solar systems are installed at the residences, including a dedicated system serving the detached home.
Parking accommodates both residences with a 440-square-foot detached garage, an extra-long driveway, and additional designated parking areas. The property is situated in an established Fresno neighborhood near McLane High School. Solar systems are installed at the residences, including a dedicated system serving the detached home.
Key Highlights
- Two independent residences configured as a 4‑bedroom, 1.75‑bath main home and a 2‑bedroom, 1‑bath detached home
- Detached residence measures just under 1,000 sq. ft. and was newly constructed just over a year ago
- 2,744‑square‑foot property with a 440 sq. ft. detached garage
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
$35,940
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
6.09%
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%
$718,800
$718.8K
Cap Rate 7%
$513,429
$513.4K
Cap Rate 9%
$399,333
$399.3K
Market Conditions
NOI Build-Up for 2,744 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
$54.3K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$51.3K $18.71/SF
− OpEx
−$15.4K −$5.61/SF
NOI
$35.9K $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%
$718,800
Cap Rate 7%
$513,429
Cap Rate 9%
$399,333
Alternative Uses
Best Use
Multifamily LT 5
$513.4K
$449.3K – $599.0K
NOI $35,940 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$449.8K
$393.6K – $524.8K
NOI $31,485 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$808.6K
$707.5K – $943.4K
NOI $56,603 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 93703, CA
34,840
Population
11,155
Households
3.1
Avg Household Size
31
Median Age
9%
College-Educated
72%
High-School Grad
4.8 sq mi
ZIP Area
7,258
Density / Sq Mi
$43,236
Median Household Income
$30,359
Median Earnings
$1,204
Median Rent
$250,200
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 separate residences share a lot with private solar systems, substantial parking, and a detached garage.
Where is this duplex located?
The property is located at 2430 N Rowell Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Two independent residences configured as a 4‑bedroom, 1.75‑bath main home and a 2‑bedroom, 1‑bath detached home; Detached residence measures just under 1,000 sq. ft. and was newly constructed just over a year ago; 2,744‑square‑foot property with a 440 sq. ft. detached garage
