5-Unit Apartment
For Sale
$700,000
382 N Glenn Avenue, Fresno, CA 93701
Multi Family, Fresno, CA
Property Size4,260 SF
Lot Size0.17 Acres
Price / SF$164.32
Days on Market103
Property Features for 382 N Glenn Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 2, Bedroom 6, Bedroom 8, Bedroom 4, Bedroom 1, Bedroom 9, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 5, Bedroom 10, Bathroom 3, Bedroom 7, Bathroom 2
Parking features
Carport
Exterior features
Stucco, Brick
High school district
Fresno Unified
Directions
From Belmont- north on Glenn. Property is on the left.
Subdivision
701
Standard status
Active
APN
45915222
Size
4,260 SF
Lot size
0.17 Acres
Building Details
Year built
1966
Floors in Building
2
Number of units
5
Listing Agency:
HomeSmart PV and Associates · HomeSmart International
(559) 473-2555
Listed By:
Puneet Bhargava
(209) 602-6147
Added: Jul 6
Changed: Oct 14
Last Checked: Oct 16 at 2:06AM
MLS# 651534
Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,260-square-foot apartment property contains five two-bedroom, one-bathroom units. The interiors have been updated, and the building’s exterior includes stucco and brick. A carport provides on-site parking. Built in 1966, the property sits on a 0.1745-acre lot.
Each residence is occupied under an annual lease, with approximately 11 months remaining on each term. The reported current cap rate is 9.2%. Highway 180 is less than one mile away, with shopping, restaurants, schools, and other amenities also described as accessible nearby.
Each residence is occupied under an annual lease, with approximately 11 months remaining on each term. The reported current cap rate is 9.2%. Highway 180 is less than one mile away, with shopping, restaurants, schools, and other amenities also described as accessible nearby.
Key Highlights
- Five two‑bedroom, one‑bathroom residences
- All units occupied under annual leases, with approximately 11 months remaining on each
- 4,260 square feet on a 0.1745‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,880
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,600
$977.6K
Cap Rate 7%
$698,286
$698.3K
Cap Rate 9%
$543,111
$543.1K
Market Conditions
NOI Build-Up for 4,260 SF
Gross rent
$93.5K $21.96/SF
− Vacancy
−$4.7K −$1.10/SF
EGI
$88.9K $20.86/SF
− OpEx
−$40.0K −$9.39/SF
NOI
$48.9K $11.47/SF
Area
Fresno, CA
Vacancy
5.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,600
Cap Rate 7%
$698,286
Cap Rate 9%
$543,111
Alternative Uses
Best Use
Apartment 5plus
$698.3K
$611.0K – $814.7K
NOI $48,880 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.46M
NOI $87,875 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,129
Businesses Nearby
Explore this area
Business Placement
Demographics for 93701, CA
12,037
Population
3,836
Households
3.1
Avg Household Size
28
Median Age
7%
College-Educated
48%
High-School Grad
1.5 sq mi
ZIP Area
8,025
Density / Sq Mi
$32,192
Median Household Income
$26,875
Median Earnings
$926
Median Rent
$207,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - All five residences are occupied, with annual leases currently in place.
Where is this apartment building located?
The property is located at 382 N Glenn Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Five two‑bedroom, one‑bathroom residences; All units occupied under annual leases, with approximately 11 months remaining on each; 4,260 square feet on a 0.1745‑acre lot
