For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Remodeled 3BR Multifamily Property Title is generated by Realmo AI

    321 N San Pablo Avenue 101, Fresno, CA 93701

    View on Map
    Claim this Listing
    For Sale
    $765,000

    Remodeled income property with 3-bedroom, 1-bath units and washer/dryer in each home.

    Type:Multi Family
    Property size:
    3,940 SF
    Price / SF:
    $194/SF
    Added:
    Mar 10, 2026
    Days on Market:
    122
    Last Refresh:
    Jul 1 at 4:00 am

    Property Features for 321 N San Pablo Avenue 101

    General Information

    Standard status
    Active
    Size
    3,940 SF
    Property subtype
    Multi Family

    Building Details

    Year Built
    1985

    We can help!

    Contact an agent
    Harvey Boganwright III

    Listing office HomeSmart PV and Associates

    Listing date Mar 10, 2026

    Source Exitrealty

    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 HomeSmart PV and Associates

    HighLights

    • 1985‑built income property with 3‑bedroom, 1‑bath units
    • Washer and dryer in each unit
    • Extensively remodeled approximately 12 years ago
    • Granite countertops and tile floors installed during the remodel

    Overview

    This remodeled multifamily property offers 3-bedroom, 1-bath units, with washer and dryer provided in each unit. The building was extensively remodeled approximately 12 years ago, including granite countertops and tile floors.

    Situated in the heart of the historic Lowell District, the property is positioned between the Brewery District and the Tower District. It is close to Chuckchansi Park, a minor league baseball venue, and within proximity to Hwy 180.

    For buyers seeking a residential income asset with in-unit laundry and a unit mix highlighted by 3-bedroom layouts, this property supports a practical tenant profile for households needing extra space. The combination of the unit configuration and the in-unit amenities helps simplify day-to-day living, while the recent interior upgrades and maintained finishes are aligned with turn-key readiness. Prospective tenants, operators, and investors should review the current unit details and confirm all specifications during due diligence.

    Local Financial Insights For Apartment 5plus

    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 $86.5k $21.96
    − Vacancy −$4.3k −$1.10
    EGI $82.2k $20.86
    − OpEx −$37.0k −$9.39
    NOI $45.2k $11.47
    3,940 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $645.8K
    $565.1K – $753.5K (±1% cap)
    NOI $45,208 @ 7.0% cap · market cap 5.91%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.16M
    $1.02M – $1.35M (±1% cap)
    NOI $81,274 @ 7.0% cap · market cap 10.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Beauty By Sydney Hair Salon

    Suggested Use

    (Bike/Boat/Book/etc) Store Plumbing Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Electrical Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Travel Agency Fish Market Clothing & Fashion Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.7949078
    Latitude
    36.7472825

    FAQs

    What type of property is this?
    Multifamily property - Remodeled income property with 3-bedroom, 1-bath units and washer/dryer in each home.
    Where is this multifamily property located?
    The property is located at 321 N San Pablo Avenue 101 Fresno, CA.
    What is the asking price?
    The asking price for this property is $765,000.
    What are key features of this property?
    This property features: 1985‑built income property with 3‑bedroom, 1‑bath units; Washer and dryer in each unit; Extensively remodeled approximately 12 years ago
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message