Newly Built 3-Unit
For Sale
$1,131,000
Pending
5454 W Fairmont Avenue, Fresno, CA 93722
Multi Family, Fresno, CA
Property Size5,505 SF
Lot Size0.21 Acres
Days on Market202
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
Bedroom 1, Bathroom 6, Bedroom 2, Bedroom 9, Bedroom 3, Bathroom 4, Bathroom 5, Bedroom 4, Bathroom 3, Bedroom 7, Bedroom 5, Bathroom 2, Bathroom 7, Bedroom 8, Bedroom 6, Bathroom 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
Pending
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
Listed By:
Jovanny Bravo
(559) 490-1500
Added: Apr 8
Changed: Oct 24
Last Checked: Oct 26 at 11:06PM
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.
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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 / Yr
$64,034
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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
