4-Unit Multifamily Income
3378 W Shields Avenue Fresno, CA 93722
3378 W Shields Avenue, Fresno, CA, 93722
$650,000
For Sale
$650,000
MULTI_FAMILY - Fresno, CA
Property Size4,328 SF
Lot Size0.07 Acres
Price / SF$150.18
Days on Market112
Property Features for 3378 W Shields Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 10
- Bathrooms
- 8
- Rooms
- Bathroom 6, Bedroom 7, Bathroom 3, Bedroom 9, Bathroom 7, Bedroom 8, Bedroom 6, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 10, Bedroom 2, Bathroom 5, Bathroom 4, Bathroom 8, Bedroom 3
- Exterior features
- Wood
- Standard status
- Active
- APN
- 43350031
- Size
- 4,328 SF
- Lot size
- 0.07 Acres
Building Details
- Year built
- 1990
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shake
Listing agency
Fresno Income Properties
(559) 438-9410
Listed by
Paul Gestic · License #01376488
(559) 438-9410
Added: Apr 2 Updated: Jul 21 at 3:25PM Checked: Jul 22 at 2:06PM
MLS# 646449
Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Fresno 4-unit multifamily property offers a tenant-friendly unit mix and in-unit convenience. There are two 3-bedroom, 2-bathroom units and two 2-bedroom, 2-bathroom units, each with washer and dryer hookups. Every unit also includes a garage and a patio.
The property is located at 3378 W Shields Avenue in Fresno, CA 93722. The seller requests that prospective buyers do not walk the property or disturb tenants, and all offers are subject to a walkthrough inspection.
The asset totals 4 residential units and is identified as a quadplex/residential income property for sale.
The property is located at 3378 W Shields Avenue in Fresno, CA 93722. The seller requests that prospective buyers do not walk the property or disturb tenants, and all offers are subject to a walkthrough inspection.
The asset totals 4 residential units and is identified as a quadplex/residential income property for sale.
Key Highlights
- Fresno 4‑unit complex with a mix of two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units
- Each unit is just over 1,000 sq ft (as stated), providing consistent unit size across the property
- Washer/dryer hookups in every unit
Local Financial Insights For Multifamily LT 5
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 | $75.3k | $17.40 |
| − Vacancy | −$3.4k | −$0.78 |
| EGI | $71.9k | $16.62 |
| − OpEx | −$21.6k | −$4.99 |
| NOI | $50.3k | $11.63 |
4,328 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$719.2K
$629.3K – $839.1K
NOI $50,343 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$645.0K
$564.4K – $752.5K
NOI $45,152 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$922.4K
$807.1K – $1.08M
NOI $64,567 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Underground Foundation
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four residential units include washer/dryer hookups, garages, and patios with a 3BR/2BA and 2BR/2BA mix.
Where is this quadplex located?
The property is located at 3378 W Shields Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Fresno 4‑unit complex with a mix of two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units; Each unit is just over 1,000 sq ft (as stated), providing consistent unit size across the property; Washer/dryer hookups in every unit
