Turnkey Duplex with Ample
537 W University Avenue Fresno, CA 93705
537 W University Avenue, Fresno, CA, 93705
$339,900
For Sale
$339,900
Turnkey duplex at 537 W University Avenue featuring ample parking and low-maintenance grounds for income-focused ownership.
Property Size2,266 SF
Price / SF$150
Days on Market70
Property Features for 537 W University Avenue
General Information
- Standard status
- Active
- Size
- 2,266 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1955
Listing agency
eXp Realty of Greater Los Angeles, Inc
(559) 246-4905
Listed by
Marie Meza · License #01772801
(559) 246-4905
Source
Exitrealty
Added: May 14 Updated: Jul 22 at 12:56PM Checked: Jul 22 at 12:56PM
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 eXp Realty of Greater Los Angeles, Inc
Investment Insights
Based on property information with market context.
This turnkey duplex at 537 W University Avenue, Fresno, CA 93705 is presented as an income-producing residential property. The offering includes features intended to support day-to-day operations, including ample parking and low-maintenance grounds. Public remarks also note consistent occupancy.
The property is listed for sale and includes a total property size of 2,266. Please refer to the offering materials for details on unit configuration, current leases, and any additional terms.
For investors and owner-operators seeking a manageable, occupied duplex structure, this property is positioned to support straightforward operations based on the on-site parking and low-maintenance exterior described in the public remarks.
The property is listed for sale and includes a total property size of 2,266. Please refer to the offering materials for details on unit configuration, current leases, and any additional terms.
For investors and owner-operators seeking a manageable, occupied duplex structure, this property is positioned to support straightforward operations based on the on-site parking and low-maintenance exterior described in the public remarks.
Key Highlights
- Duplex built in 1955 at 537 W University Ave, Fresno
- Ample parking on‑site for tenants and visitors
- Low‑maintenance grounds intended to help keep operating costs manageable
Local 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 | $44.9k | $19.80 |
| − Vacancy | −$2.5k | −$1.09 |
| EGI | $42.4k | $18.71 |
| − OpEx | −$12.7k | −$5.61 |
| NOI | $29.7k | $13.10 |
2,266 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$424.0K
$371.0K – $494.7K
NOI $29,679 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$371.4K
$325.0K – $433.3K
NOI $26,000 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$667.8K
$584.3K – $779.1K
NOI $46,743 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey duplex at 537 W University Avenue featuring ample parking and low-maintenance grounds for income-focused ownership.
Where is this duplex located?
The property is located at 537 W University Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Duplex built in 1955 at 537 W University Ave, Fresno; Ample parking on‑site for tenants and visitors; Low‑maintenance grounds intended to help keep operating costs manageable
