Occupied Duplex with
3555 E McKinley Avenue Fresno, CA 93703
3555 E McKinley Avenue, Fresno, CA, 93703
$425,000
For Sale
$425,000
Fully occupied duplex featuring a 2-car garage, multiple parking areas, and separate unit yards.
Property Size2,060 SF
Price / SF$206.31
Days on Market56
Property Features for 3555 E McKinley Avenue
General Information
- Standard status
- Active
- Size
- 2,060 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1959
Listing agency
Far West Properties
(559) 325-1604
Listed by
Michelle A. Lung · License #00920313
(559) 325-1604
Source
Exitrealty
Added: May 29 Updated: Jul 22 at 2:35PM Checked: Jul 22 at 2:35PM
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 Far West Properties
Investment Insights
Based on property information with market context.
This fully occupied duplex offers two separate residential units with distinct layouts and outdoor space. The smaller 2-bedroom unit was remodeled a couple of years ago and includes a 2-car garage, a newer kitchen with granite countertops, newer paint and baseboards, updated flooring, ceiling fans, and a newer bathroom with a shower and vanity. The larger 3-bedroom unit is also occupied and includes a large backyard with a covered patio, and it needs updating and remodeling.
Additional parking is available in the back yard behind wrought iron fencing and gates with alley access, supporting convenient off-street parking for residents and guests.
As presented, the property includes a combination of garage parking, yard parking, and unit-specific outdoor areas, with one unit featuring recent upgrades and the other positioned for renovation.
Additional parking is available in the back yard behind wrought iron fencing and gates with alley access, supporting convenient off-street parking for residents and guests.
As presented, the property includes a combination of garage parking, yard parking, and unit-specific outdoor areas, with one unit featuring recent upgrades and the other positioned for renovation.
Key Highlights
- Fully occupied duplex with a 2‑car garage and multiple parking areas, including yard parking behind wrought iron fencing and gates with alley access
- Brand new roof
- Smaller 2‑bedroom unit: remodeled a couple of years ago with newer kitchen (granite countertops), paint and baseboards, flooring, ceiling fans, and a newer bathroom with shower and vanity
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 | $40.8k | $19.80 |
| − Vacancy | −$2.2k | −$1.09 |
| EGI | $38.5k | $18.71 |
| − OpEx | −$11.6k | −$5.61 |
| NOI | $27.0k | $13.10 |
2,060 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$385.4K
$337.3K – $449.7K
NOI $26,981 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$337.7K
$295.5K – $394.0K
NOI $23,637 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$607.1K
$531.2K – $708.2K
NOI $42,494 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully occupied duplex featuring a 2-car garage, multiple parking areas, and separate unit yards.
Where is this duplex located?
The property is located at 3555 E McKinley Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Fully occupied duplex with a 2‑car garage and multiple parking areas, including yard parking behind wrought iron fencing and gates with alley access; Brand new roof; Smaller 2‑bedroom unit: remodeled a couple of years ago with newer kitchen (granite countertops), paint and baseboards, flooring, ceiling fans, and a newer bathroom with shower and vanity
