Four-Unit Property with Detached
For Sale
$799,950
5216 E Liberty Avenue, Fresno, CA 93727
Four residential units offer varied layouts, washer and dryer hookups, and individual patio areas near shopping and freeway access.
Property Size4,609 SF
Price / SF$173.56
Days on Market15
Property Features for 5216 E Liberty Avenue
General Information
Standard status
Active
Size
4,609 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
washer/dryer hookups
private patio space
detached garage
Listing Agency:
Fresno Income Properties
(559) 438-9410
Listed By:
Paul Gestic · License #01376488
(559) 903-2255
Source:
Exprealty
Added: Sep 13
Changed: Sep 23
Last Checked: Sep 26 at 12:42PM
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 Fresno Income Properties
Investment Insights
Based on property information with market context.
This Fresno quadplex contains 4,609 square feet and offers a mix of two 2-bedroom/2-bath units, one 2-bedroom/1-bath unit, and one 1-bedroom/1-bath unit. Each residence includes washer and dryer hookups and private patio space. A detached garage serves the property, while the 1-bedroom unit is configured as a standalone residence.
Located at 5216 E Liberty Avenue, the property is near Sunnyside High School, the IRS building, shopping, dining, and freeway access. The unit variety and separate standalone configuration provide a range of residential layouts within one four-unit property.
Located at 5216 E Liberty Avenue, the property is near Sunnyside High School, the IRS building, shopping, dining, and freeway access. The unit variety and separate standalone configuration provide a range of residential layouts within one four-unit property.
Key Highlights
- 4,609‑square‑foot quadplex with 4 residential units
- Unit mix includes two 2‑bedroom/2‑bath units, one 2‑bedroom/1‑bath unit, and one 1‑bedroom/1‑bath unit
- Washer and dryer hookups in each unit
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
$53,443
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
6.68%
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%
$1,068,860
$1.1M
Cap Rate 7%
$763,471
$763.5K
Cap Rate 9%
$593,811
$593.8K
Market Conditions
NOI Build-Up for 4,609 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
$80.2K $17.40/SF
− Vacancy
−$3.8K −$0.84/SF
EGI
$76.3K $16.56/SF
− OpEx
−$22.9K −$4.97/SF
NOI
$53.4K $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%
$1,068,860
Cap Rate 7%
$763,471
Cap Rate 9%
$593,811
Alternative Uses
Best Use
Multifamily LT 5
$763.5K
$668.0K – $890.7K
NOI $53,443 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$707.0K
$618.6K – $824.8K
NOI $49,489 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,441 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
316
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer varied layouts, washer and dryer hookups, and individual patio areas near shopping and freeway access.
Where is this quadplex located?
The property is located at 5216 E Liberty Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $799,950.
What are key features of this property?
This property features: 4,609‑square‑foot quadplex with 4 residential units; Unit mix includes two 2‑bedroom/2‑bath units, one 2‑bedroom/1‑bath unit, and one 1‑bedroom/1‑bath unit; Washer and dryer hookups in each unit
