Luxury Triplex with Private Outdoor
284 W Lexington Avenue Fresno, CA 93711
284 W Lexington Avenue, Fresno, CA, 93711
$875,000
For Sale
$875,000
Well-maintained triplex features attached garages, fireplaces, and multiple private patio or backyard areas for each unit.
Property Size3,216 SF
Price / SF$272.08
Days on Market157
Property Features for 284 W Lexington Avenue
General Information
- Standard status
- Active
- Size
- 3,216 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1981
Listing Agency
Realty Concepts, Ltd. - Fresno
(559) 213-9099
Listed by
Tom Schlegel · License #01291015
(559) 213-9099
Source
Exitrealty
Added: Feb 11 Checked: Jul 17 at 3:19 am
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 exceptional luxury triplex offers three separate residences on a northwest corner lot. The property features a classic tile roof, mature landscaping, and convenient on-site parking with garages designed for day-to-day use. Two units include attached two-car garages, while the third offers a one-car garage plus a covered carport. Inside, each home has spacious living and dining areas anchored by cozy fireplaces, and two of the units also feature vaulted ceilings that add a more open, light-filled feel. All units include walk-in closets, well-appointed kitchens with electric stove/oven, disposal, and microwave hood, along with generous pantry space and ample cabinetry. Dedicated laundry space is provided for each unit, with hookups for full-size washers and dryers either in a laundry room or closet.
Outdoor living is built into the layout across the three residences. The front unit includes two private patios, the middle unit opens to a shared common green space, and the rear unit includes a full-size private backyard suitable for relaxation or entertaining.
From a tenant- and buyer-fit perspective, the unit mix includes two 2-bedroom/2-bath residences and one 3-bedroom/2-bath home, creating flexibility for a variety of households. For buyers, the current tenant occupancy reflects long-term stability, with one tenant over 10 years and others with 7 and 2 years of tenancy. Please respect long-term occupants’ privacy and do not walk the grounds or disturb them.
Outdoor living is built into the layout across the three residences. The front unit includes two private patios, the middle unit opens to a shared common green space, and the rear unit includes a full-size private backyard suitable for relaxation or entertaining.
From a tenant- and buyer-fit perspective, the unit mix includes two 2-bedroom/2-bath residences and one 3-bedroom/2-bath home, creating flexibility for a variety of households. For buyers, the current tenant occupancy reflects long-term stability, with one tenant over 10 years and others with 7 and 2 years of tenancy. Please respect long-term occupants’ privacy and do not walk the grounds or disturb them.
Key Highlights
- Well‑maintained luxury triplex built in 1981 in the Clovis Unified School District
- Unit mix: two 2BD/2BA units and one 3BD/2BA unit, all with walk‑in closets
- Each unit includes a spacious living and dining area with a cozy fireplace and vaulted ceilings in two units
Local 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 4.81%
Second Best
Apartment 5plus
$527.2K
$461.3K – $615.0K
NOI $36,901 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$947.7K
$829.3K – $1.11M
NOI $66,340 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Well-maintained triplex features attached garages, fireplaces, and multiple private patio or backyard areas for each unit.
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 $875,000.
What are key features of this property?
This property features: Well‑maintained luxury triplex built in 1981 in the Clovis Unified School District; Unit mix: two 2BD/2BA units and one 3BD/2BA unit, all with walk‑in closets; Each unit includes a spacious living and dining area with a cozy fireplace and vaulted ceilings in two units
