Two-Story Quadplex with Alley
For Sale
$535,000
332 N Roosevelt AVE, 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 Market8
Property Features for 332 N Roosevelt AVE
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
(559) 977-3770
Listed By:
Cherie Smith · License #01442806
(559) 977-3770
Source:
Exitrealty
Added: Aug 25
Changed: Aug 31
Last Checked: Aug 31 at 5:02PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,076
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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 AVE 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
