Central Fresno 5-Plex
4316 E Olive Avenue A-E Fresno, CA 93702
For Sale
$675,000
Five 1-bedroom, 1-bath units in a centrally located Fresno 5-plex with five covered carports.
Property Size2,200 SF
Price / SF$306.82
Days on Market71
Property Features for 4316 E Olive Avenue A-E
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1963
Listing Agency:
HomeSmart PV and Associates
(559) 274-7025
Listed By:
Puneet Bhargava · License #01859500
(559) 274-7025
Source:
Exitrealty
Added: May 17
Changed: Jul 23
Last Checked: Jul 26 at 5:23AM
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
Investment Insights
Based on property information with market context.
This centrally located 5-plex offers five 1-bedroom, 1-bath residential units and is described as well-maintained. The property is 100% occupied, with Unit A through Unit E currently rented. The listing notes five covered carports serving the property.
The building is positioned in Central Fresno with proximity to grocery stores, gas stations, shopping, and freeway access.
Gross monthly rent totals $6,052, for total annual gross rent of $72,624, based on the rents provided in the listing.
The building is positioned in Central Fresno with proximity to grocery stores, gas stations, shopping, and freeway access.
Gross monthly rent totals $6,052, for total annual gross rent of $72,624, based on the rents provided in the listing.
Key Highlights
- Five 1‑bedroom, 1‑bath units in a Fresno 5‑plex, all currently rented and 100% occupied
- 1963‑built multifamily property with steady income supported by five active rental units
- Section 8 tenants in 4 of the 5 units
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 | $49.6k | $22.56 |
| − Vacancy | −$2.6k | −$1.17 |
| EGI | $47.1k | $21.39 |
| − OpEx | −$21.2k | −$9.62 |
| NOI | $25.9k | $11.76 |
2,200 SF · lease $22.56/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$369.7K
$323.5K – $431.3K
NOI $25,878 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$536.9K
$469.8K – $626.4K
NOI $37,581 @ 7.0% cap · market cap 5.57%
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 - Five 1-bedroom, 1-bath units in a centrally located Fresno 5-plex with five covered carports.
Where is this apartment building located?
The property is located at 4316 E Olive Avenue A-E Fresno, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Five 1‑bedroom, 1‑bath units in a Fresno 5‑plex, all currently rented and 100% occupied; 1963‑built multifamily property with steady income supported by five active rental units; Section 8 tenants in 4 of the 5 units
