Tenant-Occupied
For Sale
$324,900
365 N Echo Avenue, Fresno, CA 93701
Two separate homes share one lot, with both units currently tenant-occupied.
Days on Market88
Property Features for 365 N Echo Avenue
General Information
Standard status
Active
Property subtype
Multi Family Home
Occupancy
100%
Building Details
Building Size
1,626 SF
Year Built
1923
Buildings
2
Tenancy
Multi
Listing Agency:
eXp Realty of Greater Los Angeles, Inc
(559) 743-5245
Listed By:
Maricruz Chapa · License #02152042
(559) 743-5245
Source:
Coalingamidstaterealty
Added: May 6
Changed: Jul 31
Last Checked: Jul 31 at 10:03AM
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 eXp Realty of Greater Los Angeles, Inc
Investment Insights
Based on property information with market context.
This duplex at 365 N Echo Avenue includes two separate homes on one lot, both currently tenant-occupied. Built in 1923, the front home is a 2-bedroom, 1-bathroom bungalow with hardwood floors throughout the living areas and bedrooms, an updated bathroom, a formal dining room with a built-in cabinet, and custom shelving in the living room.
The rear unit provides a 1-bedroom, 1-bathroom layout with newer kitchen cabinets and countertops, LVP flooring throughout, and a mini split system for heating and cooling. The rear unit also has convenient alley access. The property is located in Fresno, CA 93701.
The rear unit provides a 1-bedroom, 1-bathroom layout with newer kitchen cabinets and countertops, LVP flooring throughout, and a mini split system for heating and cooling. The rear unit also has convenient alley access. The property is located in Fresno, CA 93701.
Key Highlights
- Two tenant‑occupied homes on one lot
- Front home includes 2 bedrooms and 1 bathroom
- Rear unit includes 1 bedroom and 1 bathroom
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 | $32.2k | $19.80 |
| − Vacancy | −$1.8k | −$1.09 |
| EGI | $30.4k | $18.71 |
| − OpEx | −$9.1k | −$5.61 |
| NOI | $21.3k | $13.10 |
1,626 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$304.2K
$266.2K – $355.0K
NOI $21,297 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$266.5K
$233.2K – $311.0K
NOI $18,657 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$479.2K
$419.3K – $559.0K
NOI $33,541 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
995
Businesses Nearby
Explore this area
Business Placement
Demographics for 93701, CA
12,037
Population
3,836
Households
3.1
Avg Household Size
28
Median Age
7%
College-Educated
48%
High-School Grad
1.5 sq mi
ZIP Area
8,025
Density / Sq Mi
$32,192
Median Household Income
$26,875
Median Earnings
$926
Median Rent
$207,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes share one lot, with both units currently tenant-occupied.
Where is this duplex located?
The property is located at 365 N Echo Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Two tenant‑occupied homes on one lot; Front home includes 2 bedrooms and 1 bathroom; Rear unit includes 1 bedroom and 1 bathroom
