Renovated Gated Multifamily
3442 W University Avenue Fresno, CA 93722
For Sale
$1,099,000
Single-story gated community with renovated two-bedroom units.
Property Size4,500 SF
Price / SF$244.22
Days on Market156
Property Features for 3442 W University Avenue
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1955
Listing Agency:
Brendan Kane Real Estate
(559) 289-0698
Listed By:
Brendan L. Kane · License #01976828
(559) 289-0698
Source:
Exitrealty
Added: Feb 17
Changed: Jul 23
Last Checked: Jul 23 at 5:01AM
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 Brendan Kane Real Estate
Investment Insights
Based on property information with market context.
This for-sale multifamily property is located at 3442 W University Avenue in Fresno, California, and is described as a secure, single-story gated community. The asset features all two-bedroom units and has recently undergone major renovations, with updates intended to provide a modern living environment.
According to the seller’s remarks, the location allows residents to walk to local schools. The property is also described as having current rents positioned below market rates.
According to the seller’s remarks, the location allows residents to walk to local schools. The property is also described as having current rents positioned below market rates.
Key Highlights
- Single‑story gated community featuring renovated two‑bedroom units
- Year built: 1955
- All units are 2‑bedroom
Financial Insights For Apartment 5plus
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 | $89.1k | $19.80 |
| − Vacancy | −$3.7k | −$0.83 |
| EGI | $85.4k | $18.97 |
| − OpEx | −$38.4k | −$8.54 |
| NOI | $46.9k | $10.43 |
4,500 SF · lease $19.80/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$670.7K
$586.8K – $782.5K
NOI $46,947 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$959.0K
$839.2K – $1.12M
NOI $67,133 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Single-story gated community with renovated two-bedroom units.
Where is this multifamily property located?
The property is located at 3442 W University Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Single‑story gated community featuring renovated two‑bedroom units; Year built: 1955; All units are 2‑bedroom
