5-Unit Apartment
For Sale
$700,000
382 N Glenn Avenue Unit A-E, Fresno, CA 93701
All five apartments are occupied under annual leases.
Property Size4,260 SF
Price / SF$164.32
Days on Market119
Property Features for 382 N Glenn Avenue Unit A-E
General Information
Standard status
Active
Size
4,260 SF
Property subtype
Multi Family
Occupancy
100%
Financials
Asking Price
$700,000
Cap Rate
9.2%
Gross Income
$84,144
Site & Location
Neighborhood
Fresno High-Roeding
Highway Access
Yes
Units
Unit Mix
5 x 2BR/1BA
Multifamily Units
5
Additional Details
Tenant in Place
Yes
Building Details
Building Size
4,260 SF
Year Built
1966
Buildings
1
Listing Agency:
HomeSmart PV and Associates
Listed By:
Puneet Bhargava · License #01859500
(559) 274-7025
Source:
Pinkkeyrealestate
Added: Jul 6
Changed: Oct 30
Last Checked: Oct 30 at 3:07PM
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 HomeSmart PV and Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,260-square-foot apartment property contains five units, each configured with two bedrooms and one bathroom. The building dates to 1966, and the interiors have been updated. All five apartments are occupied, with annual leases and approximately 11 months remaining on each.
The property is less than one mile from Highway 180, with shopping, restaurants, schools, and other amenities accessible nearby. The stated estimated cap rate is 9.2%, calculated from current income and operating expenses.
The property is less than one mile from Highway 180, with shopping, restaurants, schools, and other amenities accessible nearby. The stated estimated cap rate is 9.2%, calculated from current income and operating expenses.
Key Highlights
- Five two‑bedroom, one‑bath apartments
- 4,260 square feet; built in 1966
- All units occupied under annual leases, with approximately 11 months remaining on each
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
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - All five apartments are occupied under annual leases.
Where is this apartment building located?
The property is located at 382 N Glenn Avenue Unit A-E 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‑bath apartments; 4,260 square feet; built in 1966; All units occupied under annual leases, with approximately 11 months remaining on each
