Duplex with Rear Unit Alley
For Sale
$334,900
365 N Echo Avenue, Fresno, CA 93701
Duplex on one lot with two tenant-occupied homes, including a 2 bed/1 bath front bungalow and a 1 bed/1 bath rear unit.
Property Size1,626 SF
Price / SF$205.97
Days on Market86
Property Features for 365 N Echo Avenue
General Information
Standard status
Active
Size
1,626 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1923
Tenancy
Multi
Listing Agency:
eXp Realty of Greater Los Ange
(559) 743-5245
Listed By:
Maricruz Chapa · License #DRE #02152042
(559) 743-5245
Source:
Exitrealty
Added: May 7
Changed: Jul 10
Last Checked: Jul 30 at 5:33AM
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 Ange
Investment Insights
Based on property information with market context.
This duplex features two homes on one lot, with both units currently tenant-occupied. The front home is a 2 bedroom, 1 bathroom bungalow with hardwood flooring throughout the living areas and bedrooms, an updated bathroom, and a formal dining room with a built-in cabinet, along with custom shelving in the living room.
The rear unit offers 1 bedroom and 1 bathroom, with newer kitchen cabinets and countertops, LVP flooring throughout, and a mini split system for heating and cooling. The rear home also provides convenient alley access.
As presented, the property is fully occupied and set up to provide immediate rental income, with unit configurations that support a two-stream rental setup on a single parcel.
The rear unit offers 1 bedroom and 1 bathroom, with newer kitchen cabinets and countertops, LVP flooring throughout, and a mini split system for heating and cooling. The rear home also provides convenient alley access.
As presented, the property is fully occupied and set up to provide immediate rental income, with unit configurations that support a two-stream rental setup on a single parcel.
Key Highlights
- Two tenant‑occupied homes on one lot for current rental income: a 2 bed/1 bath front bungalow plus a 1 bed/1 bath rear unit.
- Front home features hardwood floors in living areas and bedrooms, plus an updated bathroom and a formal dining room with built‑in cabinet.
- Living room offers custom shelving in the front home.
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 6.36%
Second Best
Apartment 5plus
$266.5K
$233.2K – $311.0K
NOI $18,657 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$479.2K
$419.3K – $559.0K
NOI $33,541 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
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 - Duplex on one lot with two tenant-occupied homes, including a 2 bed/1 bath front bungalow and a 1 bed/1 bath rear unit.
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 $334,900.
What are key features of this property?
This property features: Two tenant‑occupied homes on one lot for current rental income: a 2 bed/1 bath front bungalow plus a 1 bed/1 bath rear unit.; Front home features hardwood floors in living areas and bedrooms, plus an updated bathroom and a formal dining room with built‑in cabinet.; Living room offers custom shelving in the front home.
