Three-Bedroom Multifamily
For Sale
$760,000
321 N San Pablo Avenue #101, Fresno, CA 93701
Units offer in-unit laundry, granite countertops, and tile flooring following an extensive remodel.
Property Size3,940 SF
Days on Market152
Property Features for 321 N San Pablo Avenue #101
General Information
Standard status
Active
Size
3,940 SF
Property subtype
Multi Family Home
Additional Details
Highway Access
Yes
Amenities
washer and dryer in each unit
granite countertops
tile floors
Building Details
Building Size
3,940 SF
Year Built
1985
Buildings
1
Stories
2
Units
4
Listing Agency:
HomeSmart PV and Associates
(559) 999-2401
Listed By:
Harvey Boganwright Iii · License #01469848
(559) 999-2401
Source:
Coalingamidstaterealty
Added: Mar 6
Changed: Aug 2
Last Checked: Aug 5 at 1:22PM
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
Investment Insights
Based on property information with market context.
Built in 1985, this multifamily property offers 3-bedroom, 1-bath units with a practical residential layout. Each unit includes its own washer and dryer, along with granite countertops and tile floors installed during an extensive remodel approximately 12 years ago.
The property is located on N San Pablo Avenue in Fresno’s Lowell District, with proximity to the Brewery District, Tower District, Chuckchansi Park, and Hwy 180. Its setting places residents near area dining, entertainment, and event destinations.
The property is located on N San Pablo Avenue in Fresno’s Lowell District, with proximity to the Brewery District, Tower District, Chuckchansi Park, and Hwy 180. Its setting places residents near area dining, entertainment, and event destinations.
Key Highlights
- 3‑bedroom / 1‑bath units
- Washer and dryer included in each unit
- Granite countertops and tile floors installed during remodel approximately 12 years ago
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
NOI $45,208 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,274 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,112
Businesses Nearby
Explore this area
Business Placement
Demographics for 93701, CA
12,037
Population
3,836
Households
3.1
Avg Household Size
28
Median Age
7%
College-Educated
48%
High-School Grad
1.5 sq mi
ZIP Area
8,025
Density / Sq Mi
$32,192
Median Household Income
$26,875
Median Earnings
$926
Median Rent
$207,600
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?
Multifamily property - Units offer in-unit laundry, granite countertops, and tile flooring following an extensive remodel.
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 $760,000.
What are key features of this property?
This property features: 3‑bedroom / 1‑bath units; Washer and dryer included in each unit; Granite countertops and tile floors installed during remodel approximately 12 years ago
