Remodeled 4-Unit
For Sale
$675,000
2721 E Hammond Avenue, Fresno, CA 93703
Four residential units feature recent interior renovations, with exterior paint and roofing also updated.
Property Size3,348 SF
Price / SF$201.61
Days on Market28
Property Features for 2721 E Hammond Avenue
General Information
Standard status
Active
Size
3,348 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Mclane
Additional Details
Multifamily Units
4
Listing Agency:
HomeCoin.com
Listed By:
Jonathan P. Minerick · License #01523060
(888) 400-2513
Source:
Exprealty
Added: Oct 7
Changed: Oct 25
Last Checked: Nov 1 at 8:23AM
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 HomeCoin.com
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Investment Insights
Based on property information with market context.
This 3,348-square-foot quadplex contains four residential units, all recently remodeled. The property also has new exterior paint and a new roof.
Key Highlights
- Four‑unit quadplex with all units recently remodeled
- 3,348 square feet of residential space
- New roof and exterior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,851
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,020
$877.0K
Cap Rate 7%
$626,443
$626.4K
Cap Rate 9%
$487,233
$487.2K
Market Conditions
NOI Build-Up for 3,348 SF
Gross rent
$66.3K $19.80/SF
− Vacancy
−$3.6K −$1.09/SF
EGI
$62.6K $18.71/SF
− OpEx
−$18.8K −$5.61/SF
NOI
$43.9K $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 Rate 5%
$877,020
Cap Rate 7%
$626,443
Cap Rate 9%
$487,233
Alternative Uses
Best Use
Multifamily LT 5
$626.4K
$548.1K – $730.9K
NOI $43,851 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$548.8K
$480.2K – $640.3K
NOI $38,415 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$986.6K
$863.3K – $1.15M
NOI $69,063 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
820
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature recent interior renovations, with exterior paint and roofing also updated.
Where is this quadplex located?
The property is located at 2721 E Hammond Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four‑unit quadplex with all units recently remodeled; 3,348 square feet of residential space; New roof and exterior paint
