Remodeled 13-Unit Apartment
441 S Dearing Avenue Fresno, CA 93702
441 S Dearing Avenue, Fresno, CA, 93702
$1,880,000
Pending
For Sale
$1,880,000
Pending
MULTI_FAMILY - Fresno, CA
Property Size10,262 SF
Lot Size0.46 Acres
Days on Market351
Property Features for 441 S Dearing Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 22
- Bathrooms
- 13
- Rooms
- Bedroom 1, Bathroom 12, Bathroom 5, Bathroom 11, Bedroom 7, Bedroom 19, Bedroom 3, Bathroom 6, Bedroom 22, Bedroom 10, Bedroom 20, Bedroom 8, Bedroom 11, Bathroom 9, Bathroom 13, Bathroom 10, Bedroom 15, Bathroom 7, Bathroom 8, Bedroom 12, Bathroom 3, Bedroom 16, Bathroom 4, Bedroom 13, Bedroom 21, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 17, Bathroom 1, Bedroom 18, Bedroom 9, Bedroom 14
- Parking features
- Covered, Carport
- Exterior features
- Stucco
- Standard status
- Pending
- APN
- 46123416
- Size
- 10,262 SF
- Lot size
- 0.46 Acres
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Number of units
- 13
- Roof type
- Composition
Listing Agency
Fresno Income Properties
(559) 438-9410
7575 N Del Mar Suite #102, Fresno, CA
Listed by
Paul Gestic · License #01376488
(559) 438-9410
Added: Aug 1, 2025 Checked: Jul 17 at 12:06 am
MLS# 635579
Listing URL
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.
The property is a remodeled apartment complex with 13 units, offered for sale as residential income housing. The building totals 10,262 square feet.
The complex is located at 441 S Dearing Avenue in Fresno, California 93702, in Fresno County.
All offers are subject to an interior walk-through inspection. For detailed questions and to coordinate access, please call your broker.
The complex is located at 441 S Dearing Avenue in Fresno, California 93702, in Fresno County.
All offers are subject to an interior walk-through inspection. For detailed questions and to coordinate access, please call your broker.
Key Highlights
- Newly remodeled 13‑unit apartment complex
- Built in 1965 with stucco exterior
- Covered parking with carports
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
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Newly remodeled 13-unit apartment complex for sale on a 0.4591-acre lot.
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 apartment complex; Built in 1965 with stucco exterior; Covered parking with carports
