Newly Built 3-Unit
For Sale
$1,131,000
5454 W Fairmont Avenue, Fresno, CA 93722
Multi Family, Fresno, CA
Property Size5,505 SF
Lot Size0.21 Acres
Price / SF$205.45
Days on Market156
Property Features for 5454 W Fairmont Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 5, Bedroom 8, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 9, Bathroom 6, Bathroom 3, Bedroom 5, Bathroom 7, Bedroom 7, Bedroom 1
Exterior features
Stucco
High school district
Central Unified
Directions
Heading West down Shaw Ave, Turn Left on Polk Ave, Turn Left on Fairmont Ave, Property will be on the left.
Subdivision
722
Standard status
Active
APN
NEW/UNDER CONSTRUCTION/NA
Size
5,505 SF
Lot size
0.21 Acres
Amenities
private laundry rooms
Building Details
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
Realty Concepts, Ltd. - Fresno
(559) 490-1500
Listed By:
Jovanny Bravo · License #02139174
(559) 492-2107
Added: Apr 8
Changed: Sep 9
Last Checked: Sep 10 at 8:06AM
MLS# 646701
Copyright © 2026 Fresno Association 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.
This newly built triplex contains three residences, each offering approximately 1,835 square feet with three bedrooms and 2.5 bathrooms. The property provides 5,505 square feet across a 0.2071-acre lot. Interior features include contemporary layouts and a private laundry room in each unit, while attached 2-car garages serve each residence. Stucco exterior construction and a composition roof complete the primary physical improvements.
Located at 5454 W Fairmont Avenue in Fresno, California, the property is within ZIP Code 93722. Its three-unit configuration combines consistent layouts with separate garage and laundry amenities across the building.
Located at 5454 W Fairmont Avenue in Fresno, California, the property is within ZIP Code 93722. Its three-unit configuration combines consistent layouts with separate garage and laundry amenities across the building.
Key Highlights
- Three‑unit property with 3 bedrooms and 2.5 bathrooms per residence
- Approximately 1,835 square feet per unit; 5,505 square feet total
- Attached 2‑car garage for each of the three units
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
$64,034
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
5.66%
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%
$1,280,680
$1.3M
Cap Rate 7%
$914,771
$914.8K
Cap Rate 9%
$711,489
$711.5K
Market Conditions
NOI Build-Up for 5,505 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
$95.8K $17.40/SF
− Vacancy
−$4.3K −$0.78/SF
EGI
$91.5K $16.62/SF
− OpEx
−$27.4K −$4.99/SF
NOI
$64.0K $11.63/SF
Area
ZIP 93722
Vacancy
4.50%
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%
$1,280,680
Cap Rate 7%
$914,771
Cap Rate 9%
$711,489
Alternative Uses
Best Use
Multifamily LT 5
$914.8K
$800.4K – $1.07M
NOI $64,034 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$820.5K
$717.9K – $957.2K
NOI $57,432 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,126 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
335
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
Check the figures for this property
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?
Triplex - Three modern residences offer private laundry rooms and attached garages for everyday convenience.
Where is this triplex located?
The property is located at 5454 W Fairmont Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,131,000.
What are key features of this property?
This property features: Three‑unit property with 3 bedrooms and 2.5 bathrooms per residence; Approximately 1,835 square feet per unit; 5,505 square feet total; Attached 2‑car garage for each of the three units
