Renovated Duplex with Open
For Sale
$375,000
Pending
3137 E Townsend Ave, Fresno, CA 93702
Two renovated residences offer three-bedroom, two-bathroom layouts with open-concept interiors.
Property Size2,116 SF
Days on Market17
Property Features for 3137 E Townsend Ave
General Information
Standard status
Pending
Size
2,116 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Listing Agency:
Berkshire Hathaway HomeServices California Realty
(559) 732-2500
Listed By:
Jose E. Briseno Arredondo · License #02003351
(559) 415-5159
Source:
Exprealty
Added: Sep 21
Changed: Oct 7
Last Checked: Oct 7 at 1:37PM
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 Berkshire Hathaway HomeServices California Realty
Investment Insights
Based on property information with market context.
This duplex contains 2,116 square feet across two renovated units. Each residence includes three bedrooms and two bathrooms, with an open-concept arrangement and spacious interiors. The two-unit configuration supports separate residential occupancy within one property.
Key Highlights
- Two‑unit duplex configuration
- Each unit includes 3 bedrooms and 2 bathrooms
- 2,116 square feet across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,715
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,300
$554.3K
Cap Rate 7%
$395,929
$395.9K
Cap Rate 9%
$307,944
$307.9K
Market Conditions
NOI Build-Up for 2,116 SF
Gross rent
$41.9K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$39.6K $18.71/SF
− OpEx
−$11.9K −$5.61/SF
NOI
$27.7K $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%
$554,300
Cap Rate 7%
$395,929
Cap Rate 9%
$307,944
Alternative Uses
Best Use
Multifamily LT 5
$395.9K
$346.4K – $461.9K
NOI $27,715 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$355.6K
$311.1K – $414.8K
NOI $24,890 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$516.4K
$451.8K – $602.4K
NOI $36,146 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
768
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two renovated residences offer three-bedroom, two-bathroom layouts with open-concept interiors.
Where is this duplex located?
The property is located at 3137 E Townsend Ave Fresno, CA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Each unit includes 3 bedrooms and 2 bathrooms; 2,116 square feet across the property
