Four-Unit Residential Income
3378 West Shields Avenue Fresno, CA 93722
3378 West Shields Avenue, Fresno, CA, 93722
$650,000
For Sale
$650,000
Four residential units include washer/dryer hookups, garages, and patios, with two 3-bedroom and two 2-bedroom layouts.
Property Size4,328 SF
Price / SF$150.18
Days on Market164
Property Features for 3378 West Shields Avenue
General Information
- Standard status
- Active
- Size
- 4,328 SF
- Property subtype
- Multi Family / Quadruplex
Building Details
- Year Built
- 1990
Listing agency
Fresno Income Properties
(559) 438-9410
Listed by
Paul Gestic · License #01376488
(559) 438-9410
Source
Compass
Added: Feb 9 Updated: Jul 22 at 6:54PM Checked: Jul 22 at 6:54PM
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 Fresno Income Properties
Investment Insights
Based on property information with market context.
This four-unit residential income property includes two 3-bedroom/2-bath units and two 2-bedroom/2-bath units. Each unit is just over 1,000 square feet and features washer/dryer hookups, a garage, and a patio.
The property is located at 3378 West Shields Avenue in Fresno, CA 93722. Please do not walk the property or disturb tenants; all offers are subject to a walkthrough inspection. For additional details, contact your real estate agent.
With a consistent unit configuration and in-unit conveniences like washer/dryer hookups, the property is set up to support steady tenant functionality across the four homes.
The property is located at 3378 West Shields Avenue in Fresno, CA 93722. Please do not walk the property or disturb tenants; all offers are subject to a walkthrough inspection. For additional details, contact your real estate agent.
With a consistent unit configuration and in-unit conveniences like washer/dryer hookups, the property is set up to support steady tenant functionality across the four homes.
Key Highlights
- Fresno 4‑unit residential complex built in 1990
- Unit mix: two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units
- Each unit is just over 1,000 sq ft
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
Location Intelligence
Current Use by Public Records
Underground Foundation
Church
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FAQs
What type of property is this?
Quadplex - Four residential units include washer/dryer hookups, garages, and patios, with two 3-bedroom and two 2-bedroom layouts.
Where is this quadplex located?
The property is located at 3378 West 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 residential complex built in 1990; Unit mix: two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units; Each unit is just over 1,000 sq ft
