Two-Home Multifamily
For Sale
$778,000
5358 W Clinton Avenue, Fresno, CA 93722
Two residences include private outdoor areas, garages, and laundry facilities in each home.
Property Size3,397 SF
Lot Size0.80 Acres
Days on Market133
Property Features for 5358 W Clinton Avenue
General Information
Standard status
Active
Size
3,397 SF
Lot size
0.80 Acres
Property subtype
Multi Family Home
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
covered patio
BBQ area
pergola
breakfast bar
granite counters
stainless steel appliances
French doors
laundry rooms
synthetic lawn
desert landscaping
quartz countertop
Building Details
Building Size
3,397 SF
Year Built
2000
Buildings
2
Stories
1
Units
2
Listing Agency:
Century 21 Select Real Estate
(559) 312-4286
Listed By:
Suzanne Miranda · License #01112716
(559) 312-4286
Source:
Coalingamidstaterealty
Added: Apr 21
Changed: Aug 28
Last Checked: Aug 29 at 10:20AM
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 Century 21 Select Real Estate
Investment Insights
Based on property information with market context.
This multifamily property includes two maintained residences on a .80-acre lot. The primary home offers approximately 2400 sq ft with 3 bedrooms and 2 full bathrooms, along with formal and casual living areas, a formal dining room, and a kitchen equipped with granite counters, stainless steel appliances, breakfast bar, and extensive cabinetry. New carpeting, a covered patio, pergola with BBQ area, desert landscaping, synthetic lawn, and a two-car garage add to the property’s features.
The second residence has its own private address and provides approximately 1000 sq ft with 2 bedrooms, 2 bathrooms, a large living room, updated quartz countertop, new carpeting, laundry, a one-car garage, and front and back yards. Both homes include laundry rooms. The property is near highway 99, shopping, dining, and everyday amenities. Built in 2000, it offers a two-residence configuration with substantial living space and separate garage accommodations.
The second residence has its own private address and provides approximately 1000 sq ft with 2 bedrooms, 2 bathrooms, a large living room, updated quartz countertop, new carpeting, laundry, a one-car garage, and front and back yards. Both homes include laundry rooms. The property is near highway 99, shopping, dining, and everyday amenities. Built in 2000, it offers a two-residence configuration with substantial living space and separate garage accommodations.
Key Highlights
- Two residences on a .80‑acre lot
- Primary home offers approximately 2400 sq ft with 3 bedrooms and 2 full bathrooms
- Second residence provides approximately 1000 sq ft with 2 bedrooms and 2 bathrooms
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
$35,440
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
4.56%
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%
$708,800
$708.8K
Cap Rate 7%
$506,286
$506.3K
Cap Rate 9%
$393,778
$393.8K
Market Conditions
NOI Build-Up for 3,397 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
$67.3K $19.80/SF
− Vacancy
−$2.8K −$0.83/SF
EGI
$64.4K $18.97/SF
− OpEx
−$29.0K −$8.54/SF
NOI
$35.4K $10.43/SF
Area
ZIP 93722
Vacancy
4.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$708,800
Cap Rate 7%
$506,286
Cap Rate 9%
$393,778
Alternative Uses
Best Use
Apartment 5plus
$506.3K
$443.0K – $590.7K
NOI $35,440 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$724.0K
$633.5K – $844.6K
NOI $50,678 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 93722, CA
87,364
Population
27,615
Households
3.2
Avg Household Size
32
Median Age
23%
College-Educated
83%
High-School Grad
19.3 sq mi
ZIP Area
4,527
Density / Sq Mi
$77,335
Median Household Income
$41,364
Median Earnings
$1,529
Median Rent
$350,700
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?
Multifamily property - Two residences include private outdoor areas, garages, and laundry facilities in each home.
Where is this multifamily property located?
The property is located at 5358 W Clinton Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $778,000.
What are key features of this property?
This property features: Two residences on a .80‑acre lot; Primary home offers approximately 2400 sq ft with 3 bedrooms and 2 full bathrooms; Second residence provides approximately 1000 sq ft with 2 bedrooms and 2 bathrooms
