Four-Plex with
For Sale
$529,900
Pending
4318 E Fairfax Avenue, Fresno, CA 93703
MULTI_FAMILY - Fresno, CA
Property Size3,034 SF
Lot Size0.21 Acres
Days on Market353
Property Features for 4318 E Fairfax Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bathroom 4, Bedroom 6, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 8, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4
Parking features
Covered, Carport
Exterior features
Brick
High school district
Fresno Unified
Directions
From McKinley North on Cedar and right turn on Fairfax. Property on left side. No for sale sign.
Subdivision
703
Standard status
Pending
APN
44729108
Size
3,034 SF
Lot size
0.21 Acres
Amenities
laundry hookups
Building Details
Year built
1950
Floors in Building
1
Number of units
4
Roof type
Composition
Listing Agency:
Realty Concepts, Ltd. - Fresno
(559) 490-1500
Listed By:
Frank Dickinson · License #01902492
(559) 490-1500
Added: Aug 15, 2025
Changed: Aug 1
Last Checked: Aug 2 at 1:06PM
MLS# 635486
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.
Investment Insights
Based on property information with market context.
This four-plex offers four residential units with a two-bedroom, one-bath layout. Each unit includes laundry hookups, and the property features a brick exterior with a composition roof. The roof was installed new in 2021. Parking is provided via covered parking and carports, and garages are available for two of the four units.
The property is located at 4318 E Fairfax Avenue in Fresno, CA 93703, in Fresno County. It is currently fully occupied by long-term tenants.
Built in 1950, this is a straightforward income-producing multifamily asset with consistent unit layouts and in-building laundry hookups, supported by the recent roof replacement.
The property is located at 4318 E Fairfax Avenue in Fresno, CA 93703, in Fresno County. It is currently fully occupied by long-term tenants.
Built in 1950, this is a straightforward income-producing multifamily asset with consistent unit layouts and in-building laundry hookups, supported by the recent roof replacement.
Key Highlights
- 0.208‑acre quadplex property with four units
- Two‑bedroom, one‑bath units in all four units; laundry hookups in each
- Roof installed new in 2021 with composition shingle roofing
Financial Insights For Multifamily LT 5
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 | $60.1k | $19.80 |
| − Vacancy | −$3.3k | −$1.09 |
| EGI | $56.8k | $18.71 |
| − OpEx | −$17.0k | −$5.61 |
| NOI | $39.7k | $13.10 |
3,034 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
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
Lease Details
4
Residential units
100%
Occupancy
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 - Brick four-plex with laundry hookups, a composition roof replaced in 2021, and covered parking with carports.
Where is this quadplex located?
The property is located at 4318 E Fairfax Avenue 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: 0.208‑acre quadplex property with four units; Two‑bedroom, one‑bath units in all four units; laundry hookups in each; Roof installed new in 2021 with composition shingle roofing
