Well-Maintained Fourplex
3420 N Van Ness Boulevard Fresno, CA 93704
For Sale
$899,000
Income-producing 4-plex with separate laundry hookups and recent exterior and roof upgrades.
Property Size4,590 SF
Price / SF$195.86
Days on Market91
Property Features for 3420 N Van Ness Boulevard
General Information
Standard status
Active
Size
4,590 SF
Property subtype
Multi Family
Building Details
Year Built
1971
Listing Agency:
HomeSmart PV and Associates
(559) 367-4799
Listed By:
Melissa M. Bowen · License #01980682
(559) 367-4799
Source:
Exitrealty
Added: May 1
Changed: Jul 23
Last Checked: Jul 29 at 7:41AM
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.
This income-producing fourplex has been well maintained and managed by long-term owners, with very low expenses. Recent improvements include a new roof completed in 2018 and exterior painting completed within the last several years. Unit 101 was completely remodeled. Each unit offers its own laundry hookups, supporting convenient, self-contained living.
The property is tucked away on a cul-de-sac in Fresno. The four units are identical in size.
Each unit measures 1,148 square feet, and the overall property size is 4,590 square feet.
The property is tucked away on a cul-de-sac in Fresno. The four units are identical in size.
Each unit measures 1,148 square feet, and the overall property size is 4,590 square feet.
Key Highlights
- Income‑producing 4‑plex built in 1971 with long‑term ownership history
- 2018 new roof and exterior painted within the last several years
- Unit 101 completely remodeled
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 | $90.9k | $19.80 |
| − Vacancy | −$5.0k | −$1.09 |
| EGI | $85.9k | $18.71 |
| − OpEx | −$25.8k | −$5.61 |
| NOI | $60.1k | $13.10 |
4,590 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$858.8K
$751.5K – $1.00M
NOI $60,118 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$752.4K
$658.3K – $877.8K
NOI $52,666 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,683 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing 4-plex with separate laundry hookups and recent exterior and roof upgrades.
Where is this quadplex located?
The property is located at 3420 N Van Ness Boulevard Fresno, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Income‑producing 4‑plex built in 1971 with long‑term ownership history; 2018 new roof and exterior painted within the last several years; Unit 101 completely remodeled
