Duplex with Two-Bedroom Front
For Sale
$279,900
Pending
4703 E El Monte Way, Fresno, CA 93702
Front residence is move-in ready, while the rear unit is currently rented.
Property Size1,381 SF
Days on Market39
Property Features for 4703 E El Monte Way
General Information
Standard status
Pending
Size
1,381 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BD/1BA, 1 x 1BD/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Listing Agency:
London Properties, Ltd.
(559) 436-4000
Listed By:
Katherine Justice · License #01415461
(559) 790-8945
Source:
Exprealty
Added: Sep 14
Changed: Oct 12
Last Checked: Oct 21 at 12:26AM
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 London Properties, Ltd.
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Investment Insights
Based on property information with market context.
This 1,381-square-foot duplex includes a front unit with 2 BD and 1 BA and a rear unit with 1 BD and 1 BA. The front residence is move-in ready, while the rear residence is currently rented. Both units have been maintained and include updated interior finishes.
The property is located at 4703 E El Monte Way in Fresno, California, with shopping nearby and freeway access available within minutes. The two-unit configuration supports an owner-occupant arrangement with a separate rented residence or continued use as a rental property.
The property is located at 4703 E El Monte Way in Fresno, California, with shopping nearby and freeway access available within minutes. The two-unit configuration supports an owner-occupant arrangement with a separate rented residence or continued use as a rental property.
Key Highlights
- 1,381‑square‑foot duplex at 4703 E El Monte Way, Fresno, CA
- Front unit includes 2 BD / 1 BA and is move‑in ready
- Rear unit includes 1 BD / 1 BA and is currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,088
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,760
$361.8K
Cap Rate 7%
$258,400
$258.4K
Cap Rate 9%
$200,978
$201.0K
Market Conditions
NOI Build-Up for 1,381 SF
Gross rent
$27.3K $19.80/SF
− Vacancy
−$1.5K −$1.09/SF
EGI
$25.8K $18.71/SF
− OpEx
−$7.8K −$5.61/SF
NOI
$18.1K $13.10/SF
Area
ZIP 93702
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,760
Cap Rate 7%
$258,400
Cap Rate 9%
$200,978
Alternative Uses
Best Use
Multifamily LT 5
$258.4K
$226.1K – $301.5K
NOI $18,088 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$232.1K
$203.1K – $270.7K
NOI $16,244 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$337.0K
$294.9K – $393.2K
NOI $23,591 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
841
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Front residence is move-in ready, while the rear unit is currently rented.
Where is this duplex located?
The property is located at 4703 E El Monte Way Fresno, CA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 1,381‑square‑foot duplex at 4703 E El Monte Way, Fresno, CA; Front unit includes 2 BD / 1 BA and is move‑in ready; Rear unit includes 1 BD / 1 BA and is currently rented
