Two-Unit Duplex with
For Sale
$320,000
Pending
3685 N Millbrook Ave, Fresno, CA 93726
Both residences offer two bedrooms, one bathroom, and kitchen laundry hookups.
Property Size1,440 SF
Days on Market64
Property Features for 3685 N Millbrook Ave
General Information
Standard status
Pending
Size
1,440 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
washer/dryer hookups
gated access
large parking area
covered carport
Building Details
Buildings
1
Listing Agency:
Central California Real Estate Pros
(559) 432-5533
Listed By:
Margo Hixon
(559) 696-3577
Source:
Exprealty
Added: Aug 12
Changed: Oct 2
Last Checked: Oct 13 at 12:31AM
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 Central California Real Estate Pros
Investment Insights
Based on property information with market context.
This Fresno duplex contains two 2-bedroom, 1-bath units totaling 1,440 square feet. One residence has vinyl plank flooring, refreshed interior paint, a large fenced backyard, and a stove and refrigerator included in as-is condition. The other unit also has refreshed interior paint. Each kitchen is equipped with washer and dryer hookups.
A gated entrance leads to a large parking area with a covered carport. Separate PG&E meters serve the units; water, sewer, and garbage are billed together.
A gated entrance leads to a large parking area with a covered carport. Separate PG&E meters serve the units; water, sewer, and garbage are billed together.
Key Highlights
- Two units, each with 2 bedrooms and 1 bath
- 1,440‑square‑foot duplex
- Gated access to a large parking area and covered carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,627
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,540
$332.5K
Cap Rate 7%
$237,529
$237.5K
Cap Rate 9%
$184,744
$184.7K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$25.1K $17.40/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$23.8K $16.50/SF
− OpEx
−$7.1K −$4.95/SF
NOI
$16.6K $11.55/SF
Area
ZIP 93726
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,540
Cap Rate 7%
$237,529
Cap Rate 9%
$184,744
Alternative Uses
Best Use
Multifamily LT 5
$237.5K
$207.8K – $277.1K
NOI $16,627 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$219.3K
$191.9K – $255.8K
NOI $15,349 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$298.6K
$261.3K – $348.4K
NOI $20,902 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
Explore this area
Business Placement
Demographics for 93726, CA
42,366
Population
15,744
Households
2.7
Avg Household Size
31
Median Age
17%
College-Educated
78%
High-School Grad
6.4 sq mi
ZIP Area
6,620
Density / Sq Mi
$51,913
Median Household Income
$31,697
Median Earnings
$1,254
Median Rent
$271,800
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 - Both residences offer two bedrooms, one bathroom, and kitchen laundry hookups.
Where is this duplex located?
The property is located at 3685 N Millbrook Ave Fresno, CA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bath; 1,440‑square‑foot duplex; Gated access to a large parking area and covered carport
