Luxury Triplex with Attached
For Sale
$850,000
284 W Lexington Avenue, Fresno, CA 93711
MULTI_FAMILY - Fresno, CA
Property Size3,216 SF
Lot Size0.22 Acres
Price / SF$264.30
Days on Market32
Property Features for 284 W Lexington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 7, Bathroom 5, Bathroom 1, Bedroom 2, Bathroom 6, Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 6
Parking features
Covered, Garage, Carport
Exterior features
Stucco, Wood
Lot features
Corner
High school district
Clovis Unified
Directions
From the light at Nees and Poplar, go north 1 block. Property is on N/E corner of Lexington and Poplar.
Subdivision
711
Standard status
Active
APN
40208408
Size
3,216 SF
Lot size
0.22 Acres
Amenities
fireplaces
vaulted ceilings
walk-in closets
electric stove/oven
disposal
microwave hood
pantry
laundry hookups
private patios
common green space
private backyard
Building Details
Year built
1981
Floors in Building
1
Number of units
3
Roof type
Tile
Listing Agency:
Realty Concepts, Ltd. - Fresno
(559) 490-1500
Listed By:
Tom Schlegel · License #01291015
(559) 490-1500
Added: Jul 6
Changed: Aug 5
Last Checked: Aug 6 at 12:06AM
MLS# 651505
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 luxury triplex features a classic tile roof and stucco and wood exterior, built in 1981. The property provides a total of 3,216 square feet on a 0.2244-acre lot and is arranged as two attached two-car garages and one unit with a one-car garage plus a covered carport.
Inside, each unit includes spacious living and dining areas anchored by cozy fireplaces. Two units have vaulted ceilings, and the unit mix includes two 2-bedroom/2-bath residences and one 3-bedroom/2-bath unit, with walk-in closets. Kitchens are equipped with an electric stove/oven, disposal, microwave hood, pantry space, and ample cabinetry. Dedicated laundry areas or closets include hookups for full-size washers and dryers.
Outdoor living is designed for privacy and day-to-day use: the front unit has two private patios, the middle unit opens to a common green space, and the rear unit includes a full-size private backyard. Several long-term tenants are in place, and the property is best suited for buyers seeking stability and a well-maintained income opportunity.
Inside, each unit includes spacious living and dining areas anchored by cozy fireplaces. Two units have vaulted ceilings, and the unit mix includes two 2-bedroom/2-bath residences and one 3-bedroom/2-bath unit, with walk-in closets. Kitchens are equipped with an electric stove/oven, disposal, microwave hood, pantry space, and ample cabinetry. Dedicated laundry areas or closets include hookups for full-size washers and dryers.
Outdoor living is designed for privacy and day-to-day use: the front unit has two private patios, the middle unit opens to a common green space, and the rear unit includes a full-size private backyard. Several long-term tenants are in place, and the property is best suited for buyers seeking stability and a well-maintained income opportunity.
Key Highlights
- Built in 1981 on a 0.2244‑acre lot totaling 3,216 SF
- Classic tile roof with stucco and wood exterior
- Unit mix: two 2‑bedroom/2‑bath units plus one 3‑bedroom/2‑bath unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.7k | $19.80 |
| − Vacancy | −$3.5k | −$1.09 |
| EGI | $60.2k | $18.71 |
| − OpEx | −$18.1k | −$5.61 |
| NOI | $42.1k | $13.10 |
3,216 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$601.7K
$526.5K – $702.0K
NOI $42,122 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$527.2K
$461.3K – $615.0K
NOI $36,901 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$947.7K
$829.3K – $1.11M
NOI $66,340 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,262
Businesses Nearby
Explore this area
Business Placement
Demographics for 93711, CA
37,901
Population
16,643
Households
2.3
Avg Household Size
43
Median Age
46%
College-Educated
93%
High-School Grad
11.2 sq mi
ZIP Area
3,384
Density / Sq Mi
$97,492
Median Household Income
$53,122
Median Earnings
$1,561
Median Rent
$469,800
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?
Triplex - Triplex with a classic tile roof and garage arrangements, including two attached two-car garages plus a covered carport
Where is this triplex located?
The property is located at 284 W Lexington Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Built in 1981 on a 0.2244‑acre lot totaling 3,216 SF; Classic tile roof with stucco and wood exterior; Unit mix: two 2‑bedroom/2‑bath units plus one 3‑bedroom/2‑bath unit
