Eight-Unit Apartment
3787 N Abby Street Fresno, CA 93726
For Sale
$1,150,000
Eight-unit residential income property with consistent 2-bedroom, 1.5-bath unit configurations.
Property Size7,680 SF
Price / SF$149.74
Days on Market28
Property Features for 3787 N Abby Street
General Information
- Standard status
- Active
- Size
- 7,680 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1979
Listing Agency:
Westco Equities Inc
(559) 284-4687
Listed By:
Kenneth L Warkentin · License #DRE #00646741
(559) 284-4687
Source:
Exitrealty
Added: Jun 26
Changed: Jul 23
Last Checked: Jul 23 at 2:53AM
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 Westco Equities Inc
Investment Insights
Based on property information with market context.
This eight-unit apartment complex offers a uniform residential layout, with all units configured as 2 bedrooms and 1.5 bathrooms. The property presents a straightforward multifamily setup built around the same unit plan across the entire building.
The complex is located near Manchester Center in Fresno, CA. It is offered for sale and is identified as 3787 N Abby Street, Fresno, CA 93726.
With all units sharing the same 2-bedroom, 1.5-bath configuration, the property’s day-to-day operations can be streamlined around a consistent tenant-ready layout.
The complex is located near Manchester Center in Fresno, CA. It is offered for sale and is identified as 3787 N Abby Street, Fresno, CA 93726.
With all units sharing the same 2-bedroom, 1.5-bath configuration, the property’s day-to-day operations can be streamlined around a consistent tenant-ready layout.
Key Highlights
- Eight‑unit apartment complex
- All units are configured as 2 bedrooms and 1.5 baths
- Year built: 1979
Financial Insights For Apartment 5plus
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 | $156.7k | $20.40 |
| − Vacancy | −$7.8k | −$1.02 |
| EGI | $148.8k | $19.38 |
| − OpEx | −$67.0k | −$8.72 |
| NOI | $81.9k | $10.66 |
7,680 SF · lease $20.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,861 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,477 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Eight-unit residential income property with consistent 2-bedroom, 1.5-bath unit configurations.
Where is this apartment building located?
The property is located at 3787 N Abby Street Fresno, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Eight‑unit apartment complex; All units are configured as 2 bedrooms and 1.5 baths; Year built: 1979
