Fresno Multifamily Property For
For Sale
$799,900
446 N Maple Avenue, Fresno, CA 93702
Six-unit multifamily property in Fresno, California, offered completely turnkey.
Property Size4,680 SF
Price / SF$170.92
Days on Market152
Property Features for 446 N Maple Avenue
General Information
Standard status
Active
Size
4,680 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Downtown
Building Details
Year Built
1971
Listing Agency:
The JKRE Investment Group
Listed By:
Jin Kim · License #DRE #01456017
(559) 212-4489
Source:
Exitrealty
Added: May 27
Changed: Oct 11
Last Checked: Oct 16 at 6:44AM
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 The JKRE Investment Group
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Investment Insights
Based on property information with market context.
Located in Fresno, California, 446 N Maple Avenue is a two-story multifamily property featuring six units. Units 101-103 are located on the ground floor, with Units 201-203 situated above. The property is offered completely turnkey and has several years of proven profitability. All units have been updated with modernized interiors. The improvements throughout the building position the property to continue attracting quality tenants and maintaining strong occupancy. The property includes six carport spaces, one assigned to each unit, as well as an on-site laundry room that is currently unused and available for activation as an additional income stream. The property size is 4,680 square feet.
Key Highlights
- Turnkey multifamily property with proven profitability.
- All six units have been updated with modernized interiors.
- Low‑maintenance, stabilized asset with built‑in upside potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,050
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,000
$1.1M
Cap Rate 7%
$786,429
$786.4K
Cap Rate 9%
$611,667
$611.7K
Market Conditions
NOI Build-Up for 4,680 SF
Gross rent
$105.6K $22.56/SF
− Vacancy
−$5.5K −$1.17/SF
EGI
$100.1K $21.39/SF
− OpEx
−$45.0K −$9.62/SF
NOI
$55.0K $11.76/SF
Area
ZIP 93702
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,000
Cap Rate 7%
$786,429
Cap Rate 9%
$611,667
Alternative Uses
Best Use
Apartment 5plus
$786.4K
$688.1K – $917.5K
NOI $55,050 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$999.3K – $1.33M
NOI $79,945 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Demographics for 93702, CA
45,741
Population
13,386
Households
3.4
Avg Household Size
29
Median Age
9%
College-Educated
57%
High-School Grad
5.2 sq mi
ZIP Area
8,796
Density / Sq Mi
$44,849
Median Household Income
$27,486
Median Earnings
$1,110
Median Rent
$211,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property in Fresno, California, offered completely turnkey.
Where is this apartment building located?
The property is located at 446 N Maple Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Turnkey multifamily property with proven profitability.; All six units have been updated with modernized interiors.; Low‑maintenance, stabilized asset with built‑in upside potential.
