4-Unit Quadplex with New
For Sale
$529,900
Pending
4318 E Fairfax Ave, Fresno, CA 93703
Fully occupied quadplex with laundry hookups and garage parking.
Property Size3,034 SF
Days on Market381
Property Features for 4318 E Fairfax Ave
General Information
Standard status
Pending
Size
3,034 SF
Property subtype
Residential Income
Listing Agency:
Realty Concepts, Ltd. - Fresno
(559) 916-9280
Listed By:
Frank Dickinson · License #01902492
(559) 916-9280
Source:
Exprealty
Added: Aug 15, 2025
Changed: Aug 25
Last Checked: Aug 29 at 11:30AM
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 Realty Concepts, Ltd. - Fresno
Investment Insights
Based on property information with market context.
Located at 4318 E Fairfax Ave in Fresno, this four-unit residential income property includes a consistent layout across the building: each residence has two bedrooms and one bathroom. Laundry hookups are provided within the property, and two units include garages. The roof was replaced in 2021. All four residences are occupied by long-term tenants, providing an established occupancy profile for the property.
Key Highlights
- Four‑unit quadplex in Fresno
- Each unit includes 2 bedrooms and 1 bathroom
- Laundry hookups available for each residence
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
$39,738
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
7.50%
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%
$794,760
$794.8K
Cap Rate 7%
$567,686
$567.7K
Cap Rate 9%
$441,533
$441.5K
Market Conditions
NOI Build-Up for 3,034 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
$60.1K $19.80/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$56.8K $18.71/SF
− OpEx
−$17.0K −$5.61/SF
NOI
$39.7K $13.10/SF
Area
Fresno, CA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
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%
$794,760
Cap Rate 7%
$567,686
Cap Rate 9%
$441,533
Alternative Uses
Best Use
Multifamily LT 5
$567.7K
$496.7K – $662.3K
NOI $39,738 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$497.3K
$435.2K – $580.2K
NOI $34,812 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$894.1K
$782.3K – $1.04M
NOI $62,585 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Explore this area
Business Placement
Demographics for 93703, CA
34,840
Population
11,155
Households
3.1
Avg Household Size
31
Median Age
9%
College-Educated
72%
High-School Grad
4.8 sq mi
ZIP Area
7,258
Density / Sq Mi
$43,236
Median Household Income
$30,359
Median Earnings
$1,204
Median Rent
$250,200
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?
Quadplex - Fully occupied quadplex with laundry hookups and garage parking.
Where is this quadplex located?
The property is located at 4318 E Fairfax Ave Fresno, CA.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Four‑unit quadplex in Fresno; Each unit includes 2 bedrooms and 1 bathroom; Laundry hookups available for each residence
