Remodeled 13-Unit Apartment
441 S Dearing Avenue Fresno, CA 93702
441 S Dearing Avenue, Fresno, CA, 93702
$1,880,000
For Sale
$1,880,000
Newly remodeled 13-unit multifamily property offered for sale.
Property Size10,262 SF
Price / SF$183.20
Days on Market339
Property Features for 441 S Dearing Avenue
General Information
- Standard status
- Active
- Size
- 10,262 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1965
Listing agency
Fresno Income Properties
(559) 438-9410
Listed by
Paul Gestic · License #01376488
(559) 438-9410
Source
Exitrealty
Added: Aug 18, 2025 Updated: Jul 22 at 12:34PM Checked: Jul 22 at 12:34PM
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 Fresno Income Properties
Investment Insights
Based on property information with market context.
This newly remodeled 13-unit apartment complex offers residential income space configured as a multifamily property. The property has been updated through a recent remodel, and it is positioned as an addition to an existing rental portfolio.
The offering is for sale subject to an interior walk-through inspection. All offers require that the interior be inspected before final consideration.
For additional details on unit configuration and finishes, please contact your broker to inquire about the property.
The offering is for sale subject to an interior walk-through inspection. All offers require that the interior be inspected before final consideration.
For additional details on unit configuration and finishes, please contact your broker to inquire about the property.
Key Highlights
- Newly remodeled 13‑unit multifamily property for sale
- Built in 1965
- Long‑term tenants reported
Local 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 | $231.5k | $22.56 |
| − Vacancy | −$12.0k | −$1.17 |
| EGI | $219.5k | $21.39 |
| − OpEx | −$98.8k | −$9.62 |
| NOI | $120.7k | $11.76 |
10,262 SF · lease $22.56/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.72M
$1.51M – $2.01M
NOI $120,710 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,298 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Newly remodeled 13-unit multifamily property offered for sale.
Where is this apartment building located?
The property is located at 441 S Dearing Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: Newly remodeled 13‑unit multifamily property for sale; Built in 1965; Long‑term tenants reported
