Turnkey Duplex Investment
537 W University Fresno, CA 93705
For Sale
$325,000
MULTI_FAMILY - Fresno, CA
Property Size2,266 SF
Lot Size0.19 Acres
Price / SF$143.42
Days on Market87
Property Features for 537 W University
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RS5
- Parking features
- Carport, Open, Garage
- Fireplace
- 1
- Standard status
- Active
- APN
- 44419320
- Size
- 2,266 SF
- Lot size
- 0.19 Acres
Building Details
- Floors in Building
- 1
- Flooring type
- Laminate
- Roof type
- Composition
Listing Agency:
eXp Realty of Greater Los Angeles, Inc.
(888) 652-1314
Listed By:
Marie Meza · License #01772801
(559) 246-4905
Added: May 1
Changed: Jul 18
Last Checked: Jul 26 at 8:06PM
MLS# 234101
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.
Turnkey duplex investment property offered for sale at 537 W University Ave in Fresno, California. The property is set on 0.1928 acres and includes a total building size of 2,266 square feet. Public remarks indicate ample parking and low-maintenance grounds, designed to support efficient day-to-day operation.
The property is zoned RS5 and is listed as a residential income offering within Fresno County. The listing notes consistent occupancy and identifies the opportunity for rental upside.
This duplex configuration and turnkey presentation may appeal to investors seeking an income-producing residential asset with on-site parking and manageable exterior maintenance.
The property is zoned RS5 and is listed as a residential income offering within Fresno County. The listing notes consistent occupancy and identifies the opportunity for rental upside.
This duplex configuration and turnkey presentation may appeal to investors seeking an income-producing residential asset with on-site parking and manageable exterior maintenance.
Key Highlights
- Turnkey duplex at 537 W University Ave, Fresno
- Laminate flooring
- Roof is composition
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 9.13%
Second Best
Apartment 5plus
$371.4K
$325.0K – $433.3K
NOI $26,000 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$667.8K
$584.3K – $779.1K
NOI $46,743 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey duplex with parking and low-maintenance grounds in a Fresno RS5 residential income area.
Where is this duplex located?
The property is located at 537 W University Fresno, CA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Turnkey duplex at 537 W University Ave, Fresno; Laminate flooring; Roof is composition
