Four-Unit Multifamily
366 E El Paso Avenue Fresno, CA 93720
366 E El Paso Avenue, Fresno, CA, 93720
$819,900
For Sale
$819,900
Well-maintained four-unit multifamily on one lot with two structures, with all units currently occupied.
Property Size4,032 SF
Price / SF$203.35
Days on Market79
Property Features for 366 E El Paso Avenue
General Information
- Standard status
- Active
- Size
- 4,032 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1981
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 1 Checked: Jul 18 at 2:08 am
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 well-maintained four-unit multifamily property is located on a single lot and features two separate structures. The configuration includes one detached unit (Unit 101) and a second building with Units 102, 103, and 104, creating a flexible layout for tenants and operations.
Several units have been updated. Unit 101 includes upgraded bathrooms with tile flooring, while Unit 102 offers an updated kitchen and bathrooms. Units 103 and 104 feature newer kitchen cabinetry with granite countertops, along with LVP flooring throughout the living areas and bedrooms.
The property provides immediate rental income with four occupied units.
Several units have been updated. Unit 101 includes upgraded bathrooms with tile flooring, while Unit 102 offers an updated kitchen and bathrooms. Units 103 and 104 feature newer kitchen cabinetry with granite countertops, along with LVP flooring throughout the living areas and bedrooms.
The property provides immediate rental income with four occupied units.
Key Highlights
- Well‑maintained 4‑unit multifamily on one lot with two separate structures (Year Built: 1981).
- Current configuration includes one detached unit (Unit 101) plus a second building with Units 102, 103, and 104.
- All 4 units are currently occupied, providing immediate income.
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 | $70.2k | $17.40 |
| − Vacancy | −$3.6k | −$0.90 |
| EGI | $66.5k | $16.50 |
| − OpEx | −$20.0k | −$4.95 |
| NOI | $46.6k | $11.55 |
4,032 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$665.1K
$582.0K – $775.9K
NOI $46,556 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$615.3K
$538.4K – $717.8K
NOI $43,068 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$831.1K
$727.2K – $969.6K
NOI $58,177 @ 7.0% cap · market cap 7.10%
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 - Well-maintained four-unit multifamily on one lot with two structures, with all units currently occupied.
Where is this quadplex located?
The property is located at 366 E El Paso Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $819,900.
What are key features of this property?
This property features: Well‑maintained 4‑unit multifamily on one lot with two separate structures (Year Built: 1981).; Current configuration includes one detached unit (Unit 101) plus a second building with Units 102, 103, and 104.; All 4 units are currently occupied, providing immediate income.
