6-Unit Apartment
For Sale
$1,050,000
343 N Manila Ave, Fresno, CA 93727
Six occupied residences offer a consistent two-bedroom layout and individual covered parking.
Property Size5,125 SF
Lot Size0.40 Acres
Price / SF$204.88
Days on Market10
Property Features for 343 N Manila Ave
General Information
Standard status
Active
Size
5,125 SF
Total Parking Spaces
6
Lot size
0.40 Acres
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Roosevelt
Highway Access
Yes
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Parking per Unit
1
Additional Details
Tenant in Place
Yes
Building Details
Stories
1
Listing Agency:
Rod Aluisi Real Estate
(559) 227-7000
Listed By:
Jenna Aluisi
(559) 708-3678
Source:
Exprealty
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 4 at 2:06PM
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 Rod Aluisi Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story apartment property contains six residences, each configured with two bedrooms and one bathroom. The units are currently rented, and each has one covered parking space. Combined living area totals 5,125 square feet on a 0.40-acre parcel.
The property sits on a cul-de-sac in southeast Fresno, within the Clovis Unified School District. Highway 180 provides access to Fresno and surrounding areas.
The property sits on a cul-de-sac in southeast Fresno, within the Clovis Unified School District. Highway 180 provides access to Fresno and surrounding areas.
Key Highlights
- Six residences, each with two bedrooms and one bathroom
- All six units are currently rented
- 5,125 square feet of combined living space on a 0.40‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,030
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,100,600
$1.1M
Cap Rate 7%
$786,143
$786.1K
Cap Rate 9%
$611,444
$611.4K
Market Conditions
NOI Build-Up for 5,125 SF
Gross rent
$104.5K $20.40/SF
− Vacancy
−$4.5K −$0.88/SF
EGI
$100.1K $19.52/SF
− OpEx
−$45.0K −$8.79/SF
NOI
$55.0K $10.74/SF
Area
ZIP 93727
Vacancy
4.30%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,100,600
Cap Rate 7%
$786,143
Cap Rate 9%
$611,444
Alternative Uses
Best Use
Apartment 5plus
$786.1K
$687.9K – $917.2K
NOI $55,030 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,679 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Explore this area
Business Placement
Demographics for 93727, CA
83,212
Population
25,919
Households
3.2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
22.0 sq mi
ZIP Area
3,782
Density / Sq Mi
$82,247
Median Household Income
$42,002
Median Earnings
$1,277
Median Rent
$370,300
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?
Apartment building - Six occupied residences offer a consistent two-bedroom layout and individual covered parking.
Where is this apartment building located?
The property is located at 343 N Manila Ave Fresno, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Six residences, each with two bedrooms and one bathroom; All six units are currently rented; 5,125 square feet of combined living space on a 0.40‑acre lot
