4-Unit Apartment
For Sale
$675,000
2721 E Hammond Avenue, Fresno, CA 93703
Multi Family, Fresno, CA
Property Size3,348 SF
Lot Size0.16 Acres
Price / SF$201.61
Days on Market8
Property Features for 2721 E Hammond Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
12
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 10, Bedroom 9, Bedroom 8, Bathroom 4, Bedroom 7, Bedroom 11, Bedroom 12, Bedroom 5, Bathroom 3, Bedroom 6, Bedroom 2, Bedroom 3
Parking features
Carport
High school district
Fresno Unified
Directions
via N Fresno St, Take exit 129 for McKinley Ave, right onto E McKinley Ave, left onto N Fresno St, left onto E Hammond Ave
Subdivision
703
Standard status
Active
APN
45131213
Size
3,348 SF
Lot size
0.16 Acres
Building Details
Year built
1990
Floors in Building
2
Number of units
4
Listing Agency:
HomeCoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #01523060
(404) 388-9441
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 14 at 3:06PM
MLS# 656217
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 four-unit apartment property contains 3,348 square feet across a 0.1565-acre parcel. All four units have been remodeled, and the building has a new roof and exterior paint. The property was built in 1990 and includes carport parking.
Key Highlights
- Four remodeled apartment units
- 3,348 square feet on a 0.1565‑acre lot
- 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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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated apartments feature a replacement roof, refreshed exterior paint, and carport parking.
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 remodeled apartment units; 3,348 square feet on a 0.1565‑acre lot; New roof and exterior paint
