6-Unit Apartment
New
For Sale
$1,050,000
343 N Manila Avenue, Fresno, CA 93727
Multi Family, Fresno, CA
Property Size5,125 SF
Lot Size0.40 Acres
Price / SF$204.88
Days on Market3
Property Features for 343 N Manila Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 10, Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 9, Bedroom 5, Bedroom 8, Bedroom 11, Bedroom 4, Bedroom 12, Bedroom 7, Bathroom 5, Bathroom 6, Bedroom 6, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
Parking features
Carport
Exterior features
Stucco
Lot features
Cul De Sac
High school district
Clovis Unified
Directions
Hwy 180 east to Clovis Ave, exit south onto Clovis ave. Turn left onto Belmont Ave. head east until you are at Manila Ave. turn right onto Manila and go south, there is a cul de sac on your right.
Subdivision
727
Standard status
Active
APN
31330104
Size
5,125 SF
Lot size
0.40 Acres
Additional Details
Tenant in Place
Yes
Building Details
Year built
1969
Floors in Building
1
Number of units
6
Roof type
Composition
Listing Agency:
Rod Aluisi Real Estate
(559) 227-7000
Listed By:
Jenna Aluisi
(559) 647-1301
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 4:06PM
MLS# 657215
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.
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Investment Insights
Based on property information with market context.
Built in 1969, this six-unit apartment property consists of single-story residences. Each home has two bedrooms, one bathroom, and a covered parking space. The buildings provide approximately 5,125 square feet of combined living area on a 0.40-acre parcel. All six residences are occupied by tenants.
The property is in southeast Fresno, on a cul-de-sac, with access to Highway 180 for travel through Fresno and nearby areas. It is within Clovis Unified School District.
The property is in southeast Fresno, on a cul-de-sac, with access to Highway 180 for travel through Fresno and nearby areas. It is within Clovis Unified School District.
Key Highlights
- Six occupied apartment units
- Each residence has 2 bedrooms, 1 bathroom, and 1 covered parking space
- Approximately 5,125 square feet of combined living space
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
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence includes two bedrooms, one bathroom, and a covered parking space.
Where is this apartment building located?
The property is located at 343 N Manila Avenue 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 occupied apartment units; Each residence has 2 bedrooms, 1 bathroom, and 1 covered parking space; Approximately 5,125 square feet of combined living space
