Single-Story Multifamily Apartment
3789 East Hampton Way Fresno, CA 93726
3789 East Hampton Way, Fresno, CA, 93726
$4,495,000
For Sale
$4,495,000
Single-story apartment building offering 18 units with a mix of 1-, 2-, and 3-bedroom layouts.
Property Size15,700 SF
Price / SF$286.31
Days on Market359
Property Features for 3789 East Hampton Way
General Information
- Standard status
- Active
- Size
- 15,700 SF
- Property subtype
- Multi Family / 16 Units & More
Building Details
- Year Built
- 1978
Listing agency
Brendan Kane Real Estate
(559) 289-0698
Listed by
Brendan L Kane · License #01976828
(559) 289-0698
Source
Compass
Added: Jul 28, 2025 Updated: Jul 21 at 5:28AM Checked: Jul 21 at 5:28AM
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 Brendan Kane Real Estate
Investment Insights
Based on property information with market context.
This single-story multifamily apartment building contains 18 units with a unit mix of 2 two 1-bed/1-bath layouts (750 SF each), 13 two 2-bed/2-bath layouts (850 SF each), 2 two 3-bed/2-bath layouts (1,100 SF each), and 1 two 2-bed/2-bath unit designated as an office (950 SF). The average unit size is approximately 872 SF.
The property is positioned in the McLane submarket in central Fresno, near Fashion Fair, Fig Garden Village, and River Park, with major employers including Fresno State and Fresno City College.
Current average rent is $1,564 (about $1.79/SF), compared to a stated market average of $1,626 (about $1.86/SF). The offering also notes renovation upside through continued interior upgrades and rent alignment with comps, alongside value-add growth potential.
The property is positioned in the McLane submarket in central Fresno, near Fashion Fair, Fig Garden Village, and River Park, with major employers including Fresno State and Fresno City College.
Current average rent is $1,564 (about $1.79/SF), compared to a stated market average of $1,626 (about $1.86/SF). The offering also notes renovation upside through continued interior upgrades and rent alignment with comps, alongside value-add growth potential.
Key Highlights
- Single‑story apartment building with 18 units and unit mix of 1‑bed/1‑bath, 2‑bed/2‑bath, and 3‑bed/2‑bath layouts
- 18‑unit mix details: 2x 1BD/1BA (750 SF), 13x 2BD/2BA (850 SF), 2x 3BD/2BA (1,100 SF), and 1x 2BD/2BA office (950 SF); avg unit size ~872 SF
- Current average rent $1,564 ($1.79/SF) compared to market average $1,626 ($1.86/SF)
Local 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 | $320.3k | $20.40 |
| − Vacancy | −$16.0k | −$1.02 |
| EGI | $304.3k | $19.38 |
| − OpEx | −$136.9k | −$8.72 |
| NOI | $167.3k | $10.66 |
15,700 SF · lease $20.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.39M
$2.09M – $2.79M
NOI $167,346 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M
NOI $227,889 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Single-story apartment building offering 18 units with a mix of 1-, 2-, and 3-bedroom layouts.
Where is this apartment building located?
The property is located at 3789 East Hampton Way Fresno, CA.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: Single‑story apartment building with 18 units and unit mix of 1‑bed/1‑bath, 2‑bed/2‑bath, and 3‑bed/2‑bath layouts; 18‑unit mix details: 2x 1BD/1BA (750 SF), 13x 2BD/2BA (850 SF), 2x 3BD/2BA (1,100 SF), and 1x 2BD/2BA office (950 SF); avg unit size ~872 SF; Current average rent $1,564 ($1.79/SF) compared to market average $1,626 ($1.86/SF)
