Two-Story Quadplex with Alley
For Sale
$535,000
332 N Roosevelt, Fresno, CA 93701
Four-unit residential property with varied bedroom configurations and convenient access to transit, schools, shopping, and downtown employment.
Property Size2,449 SF
Lot Size0.17 Acres
Price / SF$218.46
Days on Market91
Property Features for 332 N Roosevelt
General Information
Standard status
Active
Size
2,449 SF
Lot size
0.17 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Building Details
Year Built
1923
Buildings
1
Stories
2
Listing Agency:
Boyd & Associates
Listed By:
Cherie Smith cherie@boydrealtors.com · License #01442806
(559) 977-3770
Source:
Findhomesinsandiegoarea
Added: Jul 18
Changed: Oct 1
Last Checked: Oct 16 at 9:35AM
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 Boyd & Associates
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Investment Insights
Based on property information with market context.
This 1923 quadplex contains 2,449 square feet of living area across two stories. The configuration includes one 2BR/1BA residence and three 1BR/1BA residences, providing a mix of unit layouts within a single multifamily building. The property sits on a 7,200-square-foot lot with alley access and on-site parking space.
The property is positioned near public transit, schools, shopping, and downtown employment hubs. Its established setting and four-unit layout provide a straightforward multifamily configuration for a buyer seeking a residential income property with multiple separate living units.
The property is positioned near public transit, schools, shopping, and downtown employment hubs. Its established setting and four-unit layout provide a straightforward multifamily configuration for a buyer seeking a residential income property with multiple separate living units.
Key Highlights
- Four‑unit quadplex built in 1923
- 2,449 square feet of living space across two stories
- Unit mix includes one 2BR/1BA and three 1BR/1BA residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,076
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,520
$641.5K
Cap Rate 7%
$458,229
$458.2K
Cap Rate 9%
$356,400
$356.4K
Market Conditions
NOI Build-Up for 2,449 SF
Gross rent
$48.5K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$45.8K $18.71/SF
− OpEx
−$13.7K −$5.61/SF
NOI
$32.1K $13.10/SF
Area
Fresno, CA
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%
$641,520
Cap Rate 7%
$458,229
Cap Rate 9%
$356,400
Alternative Uses
Best Use
Multifamily LT 5
$458.2K
$401.0K – $534.6K
NOI $32,076 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$401.4K
$351.3K – $468.3K
NOI $28,100 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$721.7K
$631.5K – $842.0K
NOI $50,518 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
995
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with varied bedroom configurations and convenient access to transit, schools, shopping, and downtown employment.
Where is this quadplex located?
The property is located at 332 N Roosevelt Fresno, CA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 1923; 2,449 square feet of living space across two stories; Unit mix includes one 2BR/1BA and three 1BR/1BA residences
