Four-Unit Residential Income
3449 N Marks Avenue Fresno, CA 93722
New
3449 N Marks Avenue, Fresno, CA, 93722
Contact for pricing
For Sale
Contact for pricing
Four 2-bedroom, 1-bath units with in-unit washer/dryer hookups and tenant-paid utilities.
Property Size3,308 SF
Price / SF$196.46
Days on Market7
Property Features for 3449 N Marks Avenue
General Information
- Standard status
- Active
- Size
- 3,308 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1979
Listing agency
Colliers - Fresno, California
Listed by
Jeff Kim · License #CA 01456017
Source
Crexi
Added: Jul 16 Updated: Jul 21 at 7:13AM Checked: Jul 18 at 2:25AM
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 Colliers - Fresno, California
Investment Insights
Based on property information with market context.
This four-unit multifamily property offers a uniform layout with all units featuring 2 bedrooms and 1 bathroom. Each unit includes in-unit washer and dryer hookup connections. The property is gated, with each unit’s front entrance behind fencing. Uncovered parking is provided at the rear for tenant use.
Three of the four units are currently occupied, and the remaining unit is actively being marketed for lease. The property benefits from Section 8 Housing Choice Voucher tenancy, with a portion of the monthly rent guaranteed by the Housing Authority. Utilities are individually metered for P.G.&E. and paid by the tenant, while the landlord pays water, sewer, and trash.
The consistent unit mix and separately metered utility setup support straightforward operations, while the secured, fenced entrances provide added privacy for residents.
Three of the four units are currently occupied, and the remaining unit is actively being marketed for lease. The property benefits from Section 8 Housing Choice Voucher tenancy, with a portion of the monthly rent guaranteed by the Housing Authority. Utilities are individually metered for P.G.&E. and paid by the tenant, while the landlord pays water, sewer, and trash.
The consistent unit mix and separately metered utility setup support straightforward operations, while the secured, fenced entrances provide added privacy for residents.
Key Highlights
- Four‑unit multifamily built in 1979 in Fresno (93722) with a uniform unit mix: 2 bed, 1 bath in each unit
- In‑unit washer/dryer hookups in all four units
- Gated property with each unit’s front entrance behind fencing for added security and privacy
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 | $57.6k | $17.40 |
| − Vacancy | −$2.6k | −$0.78 |
| EGI | $55.0k | $16.62 |
| − OpEx | −$16.5k | −$4.99 |
| NOI | $38.5k | $11.63 |
3,308 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$549.7K
$481.0K – $641.3K
NOI $38,478 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$493.0K
$431.4K – $575.2K
NOI $34,511 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$705.0K
$616.9K – $822.5K
NOI $49,350 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units with in-unit washer/dryer hookups and tenant-paid utilities.
Where is this quadplex located?
The property is located at 3449 N Marks Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Four‑unit multifamily built in 1979 in Fresno (93722) with a uniform unit mix: 2 bed, 1 bath in each unit; In‑unit washer/dryer hookups in all four units; Gated property with each unit’s front entrance behind fencing for added security and privacy
