Four-Unit Residential Income
For Sale
$599,000
450 North Effie Street, Fresno, CA 93701
Four well-maintained units feature updated interiors, central heat and air, and dual-pane windows.
Property Size3,412 SF
Price / SF$175.56
Days on Market307
Property Features for 450 North Effie Street
General Information
Standard status
Active
Size
3,412 SF
Property subtype
Multi Family / Quadruplex
Additional Details
Multifamily Units
4
Amenities
central heat and air
ceiling fans
fireplaces
dual pane windows
porch
Building Details
Year Built
1923
Stories
2
Tenancy
Multi
Listing Agency:
C-21 C Watson Real Estate Inc.
(559) 349-8224
Listed By:
Nikki J Thomas · License #01459944
(559) 349-8224
Source:
Compass
Added: Sep 29, 2025
Changed: Jul 22
Last Checked: Jul 23 at 8:58AM
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 C-21 C Watson Real Estate Inc.
Investment Insights
Based on property information with market context.
This four-unit residential income property includes two 3-bedroom/1-bath units and two 2-bedroom/1-bath units, arranged with two upstairs and two downstairs. The owner has updated kitchens, bathrooms, flooring, and the electrical system, along with adding central heat and air. Copper piping has been updated, including the sewer line. Additional features include dual pane windows, ceiling fans, and fireplaces, and the building has no balconies. A wide front porch and a large, manicured lot help frame the property.
Parking is provided via a massive shared carport at the rear of the property, described as nearly enclosed.
The building’s interior and major systems improvements support an income-ready configuration with a straightforward two-up, two-down layout and consistent unit features throughout.
Parking is provided via a massive shared carport at the rear of the property, described as nearly enclosed.
The building’s interior and major systems improvements support an income-ready configuration with a straightforward two-up, two-down layout and consistent unit features throughout.
Key Highlights
- Four‑unit building with updated kitchens, bathrooms, and flooring, plus central heat and air
- Unit mix: two 3 bed/1 bath units and two 2 bed/1 bath units (two upstairs, two downstairs)
- Dual‑pane windows and ceiling fans in units; fireplaces in all units
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 | $67.6k | $19.80 |
| − Vacancy | −$3.7k | −$1.09 |
| EGI | $63.8k | $18.71 |
| − OpEx | −$19.2k | −$5.61 |
| NOI | $44.7k | $13.10 |
3,412 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$638.4K
$558.6K – $744.8K
NOI $44,689 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$559.3K
$489.4K – $652.5K
NOI $39,150 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$1.01M
$879.8K – $1.17M
NOI $70,383 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 93701, CA
12,037
Population
3,836
Households
3.1
Avg Household Size
28
Median Age
7%
College-Educated
48%
High-School Grad
1.5 sq mi
ZIP Area
8,025
Density / Sq Mi
$32,192
Median Household Income
$26,875
Median Earnings
$926
Median Rent
$207,600
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 - Four well-maintained units feature updated interiors, central heat and air, and dual-pane windows.
Where is this quadplex located?
The property is located at 450 North Effie Street Fresno, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Four‑unit building with updated kitchens, bathrooms, and flooring, plus central heat and air; Unit mix: two 3 bed/1 bath units and two 2 bed/1 bath units (two upstairs, two downstairs); Dual‑pane windows and ceiling fans in units; fireplaces in all units
