Single-Story Multifamily Apartment
For Sale
$4,495,000
3789 East Hampton Way, Fresno, CA 93726
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 Market405
Property Features for 3789 East Hampton Way
General Information
Standard status
Active
Size
15,700 SF
Property subtype
Multi Family / 16 Units & More
Lease Type
Net
Units
Multifamily Units
18
Office Units
1
Additional Details
Business Included
Yes
Amenities
Central Heat/Cool
Sprinkler - Auto
Wood, Composition
Wood
Concrete Perimeter
Cul De Sac
Building Details
Year Built
1978
Stories
1
Tenancy
Multi
Listing Agency:
Brendan Kane Real Estate
Listed By:
Brendan L Kane · License #01976828
(559) 289-0698
Source:
Compass
Added: Jul 28, 2025
Changed: Aug 8
Last 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)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$167,346
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,346,920
$3.3M
Cap Rate 7%
$2,390,657
$2.4M
Cap Rate 9%
$1,859,400
$1.9M
Market Conditions
NOI Build-Up for 15,700 SF
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.
Gross rent
$320.3K $20.40/SF
− Vacancy
−$16.0K −$1.02/SF
EGI
$304.3K $19.38/SF
− OpEx
−$136.9K −$8.72/SF
NOI
$167.3K $10.66/SF
Area
ZIP 93726
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,346,920
Cap Rate 7%
$2,390,657
Cap Rate 9%
$1,859,400
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
18
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
769
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?
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)
