Four-Unit Multifamily Property with
For Sale
$479,900
Pending
4833 E Lane Avenue, Fresno, CA 93727
MULTI_FAMILY - Fresno, CA
Property Size3,736 SF
Lot Size0.17 Acres
Days on Market100
Property Features for 4833 E Lane Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM1
Fireplace
1
Directions
From E Cesar Chavez Blvd, head south on Chestnut Ave turn right on Lane Ave property on right.
Subdivision
Fresno
Standard status
Pending
APN
47203051
Size
3,736 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Building Details
Floors in Building
2
Listing Agency:
eXp Realty of Greater Los Angeles, Inc.
(888) 652-1314
Listed By:
Marie Meza · License #01772801
(559) 246-4905
Added: Apr 29
Changed: Jul 30
Last Checked: Aug 6 at 4:06PM
MLS# 234130
Copyright © 2026 Kings County Board 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.
This four-unit multifamily property on E Lane Avenue includes multiple units and HVAC. The building has one vacant unit, with the remaining three units occupied by long-term tenants. Unit 101 is described as a three-bedroom, two-bath layout. The other units are described as two-bedroom units with one to two bathrooms, with approximately 934 SF per unit. The property also includes a fireplace and public sewer.
The property sits on a lot size of 0.1736 acres. It is zoned RM1.
With one unit available, the property may support an owner-occupant or an immediate leasing plan for the vacant unit while keeping existing tenant occupancy in place.
The property sits on a lot size of 0.1736 acres. It is zoned RM1.
With one unit available, the property may support an owner-occupant or an immediate leasing plan for the vacant unit while keeping existing tenant occupancy in place.
Key Highlights
- Four‑unit multifamily property with HVAC
- One unit currently vacant; three units occupied by long‑term tenants
- Unit 101: three bedrooms and two baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,320
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$866,400
$866.4K
Cap Rate 7%
$618,857
$618.9K
Cap Rate 9%
$481,333
$481.3K
Market Conditions
NOI Build-Up for 3,736 SF
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.
Gross rent
$65.0K $17.40/SF
− Vacancy
−$3.1K −$0.84/SF
EGI
$61.9K $16.56/SF
− OpEx
−$18.6K −$4.97/SF
NOI
$43.3K $11.60/SF
Area
ZIP 93727
Vacancy
4.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$866,400
Cap Rate 7%
$618,857
Cap Rate 9%
$481,333
Alternative Uses
Best Use
Multifamily LT 5
$618.9K
$541.5K – $722.0K
NOI $43,320 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$573.1K
$501.4K – $668.6K
NOI $40,115 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$1.06M
$926.5K – $1.24M
NOI $74,121 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 93727, CA
83,212
Population
25,919
Households
3.2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
22.0 sq mi
ZIP Area
3,782
Density / Sq Mi
$82,247
Median Household Income
$42,002
Median Earnings
$1,277
Median Rent
$370,300
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-unit RM1 multifamily property with public sewer and HVAC, with one unit currently vacant.
Where is this quadplex located?
The property is located at 4833 E Lane Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Four‑unit multifamily property with HVAC; One unit currently vacant; three units occupied by long‑term tenants; Unit 101: three bedrooms and two baths
