Three-Home Residential Income
For Sale
$1,200,000
4924 N Arthur Avenue, Fresno, CA 93705
For sale triplex-style property with three separate dwellings, including a built-in-2005 main residence with 3 bedrooms.
Property Size2,668 SF
Days on Market54
Property Features for 4924 N Arthur Avenue
General Information
Standard status
Active
Size
2,668 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
3
Building Details
Building Size
2,668 SF
Year Built
2005
Tenancy
Multi
Listing Agency:
Realty Concepts, Ltd. - Fresno
(559) 960-5628
Listed By:
Gregory Kosareff · License #01195078
(559) 960-5628
Source:
Coalingamidstaterealty
Added: Jun 12
Changed: Jul 28
Last Checked: Aug 3 at 1:08PM
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 Realty Concepts, Ltd. - Fresno
Investment Insights
Based on property information with market context.
This for-sale residential income property includes three separate dwellings designed for flexible living and rental arrangements. The main residence, built in 2005, features approximately 2,668 sq. ft. with 3 bedrooms and 2.5 bathrooms, including a formal dining area and a kitchen with granite countertops, a breakfast bar, custom cabinetry, and generous counter space. The primary suite offers multiple walk-in closet areas and a private bath with a large sunken tub, separate shower, vanity area, and granite countertops. Additional interior highlights include an entry foyer and a spacious utility room with a pantry, walk-in storage closets, basin sink, and extensive upper and lower custom cabinetry, plus a third bedroom currently used as an office with custom built-in cabinetry and a large closet.
A second dwelling provides approximately 1,702 sq. ft. with 4 bedrooms and 2 bathrooms. The third dwelling includes a kitchen area, a full bathroom, and a large open space that can support uses such as a game room, guest quarters, entertaining space, home office, or additional rental opportunity. The property is located near Fig Garden Village on a large lot.
Offered as a single multi-dwelling asset, this configuration supports multiple household or rental setups under one ownership structure.
A second dwelling provides approximately 1,702 sq. ft. with 4 bedrooms and 2 bathrooms. The third dwelling includes a kitchen area, a full bathroom, and a large open space that can support uses such as a game room, guest quarters, entertaining space, home office, or additional rental opportunity. The property is located near Fig Garden Village on a large lot.
Offered as a single multi-dwelling asset, this configuration supports multiple household or rental setups under one ownership structure.
Key Highlights
- Three separate dwellings on one property: main residence built in 2005 plus two additional dwellings with flexible use.
- Main residence features approx. 2,668 SF with 3 bedrooms and 2.5 bathrooms, including a spacious living and formal dining area.
- Kitchen in the main residence includes granite countertops, breakfast bar, and abundant custom cabinetry.
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 | $52.8k | $19.80 |
| − Vacancy | −$2.9k | −$1.09 |
| EGI | $49.9k | $18.71 |
| − OpEx | −$15.0k | −$5.61 |
| NOI | $34.9k | $13.10 |
2,668 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$499.2K
$436.8K – $582.4K
NOI $34,945 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$437.3K
$382.7K – $510.2K
NOI $30,613 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$786.2K
$688.0K – $917.3K
NOI $55,036 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 93705, CA
38,125
Population
13,408
Households
2.8
Avg Household Size
31
Median Age
16%
College-Educated
75%
High-School Grad
4.9 sq mi
ZIP Area
7,781
Density / Sq Mi
$55,152
Median Household Income
$35,979
Median Earnings
$1,254
Median Rent
$281,300
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?
Triplex - For sale triplex-style property with three separate dwellings, including a built-in-2005 main residence with 3 bedrooms.
Where is this triplex located?
The property is located at 4924 N Arthur Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three separate dwellings on one property: main residence built in 2005 plus two additional dwellings with flexible use.; Main residence features approx. 2,668 SF with 3 bedrooms and 2.5 bathrooms, including a spacious living and formal dining area.; Kitchen in the main residence includes granite countertops, breakfast bar, and abundant custom cabinetry.
