Renovated Triplex with Covered
For Sale
$399,000
3107 E Belmont Avenue, Fresno, CA 93702
Multi Family, Fresno, CA
Property Size1,759 SF
Lot Size0.12 Acres
Price / SF$226.83
Days on Market51
Property Features for 3107 E Belmont Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 3
Parking features
Covered
Exterior features
Stucco
High school district
Fresno Unified
Directions
Near the NE Corner of Belmont and First.
Subdivision
702
Standard status
Active
APN
45426114
Size
1,759 SF
Lot size
0.12 Acres
Building Details
Year built
1920
Floors in Building
1
Number of units
3
Roof type
Composition
Buildings
3
Listing Agency:
London Properties, Ltd.
Listed By:
Debra Henes
(559) 436-4000
Added: Sep 13
Changed: Nov 2
Last Checked: Nov 2 at 5:06PM
MLS# 655185
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,759-square-foot triplex sits on a 0.1205-acre lot and includes three separate homes. The primary residence at 3119 E. Belmont Avenue has three bedrooms, one bathroom, living and dining rooms, and a remodeled kitchen with new cabinetry, countertops, sink, range, hood, and refrigerator. New flooring, interior doors, paint, and a bathtub complete the updates, while two mini-split A/C units provide cooling.
The two additional residences at 3107 and 3109 E. Belmont Avenue are positioned behind the main home. Both feature fresh paint, newer windows, new flooring, and new mini-split A/C units. The property was built in 1920, has stucco exterior construction, a composition roof, and covered parking. Shopping and public transportation are located nearby.
The two additional residences at 3107 and 3109 E. Belmont Avenue are positioned behind the main home. Both feature fresh paint, newer windows, new flooring, and new mini-split A/C units. The property was built in 1920, has stucco exterior construction, a composition roof, and covered parking. Shopping and public transportation are located nearby.
Key Highlights
- Three homes on one 0.1205‑acre lot
- 1,759 square feet with three separate living spaces
- Main residence includes 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,039
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,780
$460.8K
Cap Rate 7%
$329,129
$329.1K
Cap Rate 9%
$255,989
$256.0K
Market Conditions
NOI Build-Up for 1,759 SF
Gross rent
$34.8K $19.80/SF
− Vacancy
−$1.9K −$1.09/SF
EGI
$32.9K $18.71/SF
− OpEx
−$9.9K −$5.61/SF
NOI
$23.0K $13.10/SF
Area
ZIP 93702
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%
$460,780
Cap Rate 7%
$329,129
Cap Rate 9%
$255,989
Alternative Uses
Best Use
Multifamily LT 5
$329.1K
$288.0K – $384.0K
NOI $23,039 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$295.6K
$258.6K – $344.9K
NOI $20,691 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$429.3K
$375.6K – $500.8K
NOI $30,048 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,779
Businesses Nearby
Explore this area
Business Placement
Demographics for 93702, CA
45,741
Population
13,386
Households
3.4
Avg Household Size
29
Median Age
9%
College-Educated
57%
High-School Grad
5.2 sq mi
ZIP Area
8,796
Density / Sq Mi
$44,849
Median Household Income
$27,486
Median Earnings
$1,110
Median Rent
$211,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct living spaces feature refreshed interiors and individual mini-split cooling systems.
Where is this triplex located?
The property is located at 3107 E Belmont Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three homes on one 0.1205‑acre lot; 1,759 square feet with three separate living spaces; Main residence includes 3 bedrooms and 1 bathroom
