Four-Unit
2720 E Grant Ave, Fresno, CA 93701
For Sale
$440,000
Four-unit residential income property with two-bedroom layouts and deferred maintenance requiring buyer review.
Property Size2,700 SF
Price / SF$162.96
Days on Market61
Property Features for 2720 E Grant Ave
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Building Details
Year Built
Buildings
Listing Agency:
London Properties, Ltd.
(559) 436-4000
Listed By:
Eric K. McCormick
(559) 304-4637
Source:
Exprealty
Added: Sep 10
Changed: Oct 27
Last Checked: Nov 8 at 6:25AM
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 London Properties, Ltd.
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Investment Insights
Based on property information with market context.
This Fresno quadplex contains four residential units, each configured with two bedrooms and one bathroom. The property totals approximately 2,700 square feet and was built in 1965. Deferred maintenance is present, and the building is offered in its current condition.
Located at 2720 E Grant Ave, the property is occupied by tenants. Interior access is subject to an accepted offer, and prospective buyers are instructed not to disturb occupants. Buyers should independently verify rents, expenses, physical condition, and potential rental income during due diligence.
Located at 2720 E Grant Ave, the property is occupied by tenants. Interior access is subject to an accepted offer, and prospective buyers are instructed not to disturb occupants. Buyers should independently verify rents, expenses, physical condition, and potential rental income during due diligence.
Key Highlights
- Four 2‑bedroom, 1‑bath units
- Approximately 2,700 square feet
- Built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,364
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,280
$707.3K
Cap Rate 7%
$505,200
$505.2K
Cap Rate 9%
$392,933
$392.9K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$53.5K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$50.5K $18.71/SF
− OpEx
−$15.2K −$5.61/SF
NOI
$35.4K $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%
$707,280
Cap Rate 7%
$505,200
Cap Rate 9%
$392,933
Alternative Uses
Best Use
Multifamily LT 5
$505.2K
$442.1K – $589.4K
NOI $35,364 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$442.6K
$387.3K – $516.3K
NOI $30,980 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$795.7K
$696.2K – $928.3K
NOI $55,696 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,654
Businesses Nearby
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Business Placement
Demographics for 93701, CA
12,037
Population
3,836
Households
3.1
Avg Household Size
28
Median Age
7%
College-Educated
48%
High-School Grad
1.5 sq mi
ZIP Area
8,025
Density / Sq Mi
$32,192
Median Household Income
$26,875
Median Earnings
$926
Median Rent
$207,600
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Fresno, CA
Properties on Market for Quadplexes in Fresno
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with two-bedroom layouts and deferred maintenance requiring buyer review.
Where is this quadplex located?
The property is located at 2720 E Grant Ave Fresno, CA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units; Approximately 2,700 square feet; Built in 1965
