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    Fresno Multifamily Investment Opportunity Title is generated by Realmo AI

    568 S Recreation Avenue, Fresno, CA 93702

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    Claim this Listing
    Pending
    $100,000

    MULTI_FAMILY - Fresno, CA

    Property size:
    572 SF
    Lot size:
    0.31 Acres
    Added:
    Mar 20, 2026
    Days on Market:
    60
    Last Refresh:
    May 18 at 10:06 am

    Property Features for 568 S Recreation Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bedroom 2, Bathroom 1, Bedroom 1
    Parking features
    Covered
    Exterior features
    Wood
    Standard status
    Pending
    APN
    46130204
    Size
    572 SF
    Lot size
    0.31 Acres

    Building Details

    Year built
    1924
    Floors in Building
    1
    Number of units
    2

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    Listing Contact
    Cynthia Reinke

    Listing agent Cynthia Reinke

    Listing office London Properties-Clovis 215 N Clovis Avenue, Fresno, CA

    Listing date Mar 20, 2026

    MLS# 645529 Listing URL

    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.

    HighLights

    • Investment property.
    • Seller has 2 adjacent properties for sale.
    • Covered parking.
    • Wood exterior.
    • Built in 1924.
    • Includes multiple bedrooms and a bathroom.

    Overview

    This multifamily property is located in Fresno, California. The property is situated on a lot of approximately 0.3099 acres. The building has a size of 572 square feet. This property presents an investment opportunity. The seller also has two adjacent properties for sale: a multifamily property at 560 S. Recreation and a vacant lot at 548 S. Recreation, and prefers to sell all three properties together. Please do not disturb the tenants. Buyers should verify all amenities on the property.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $83.2K
    NOI $7,492 @ 9.00% cap · cautious / downside scenario
    Moderate
    $107.0K
    NOI $7,492 @ 7.00% cap · market / base-case scenario
    Aggressive
    $149.8K
    NOI $7,492 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
    Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $11.3k $19.80
    − Vacancy −$623 −$1.09
    EGI $10.7k $18.71
    − OpEx −$3.2k −$5.61
    NOI $7.5k $13.10
    572 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $107.0K
    $93.7K – $124.9K (±1% cap)
    NOI $7,492 @ 7.0% cap · market cap 7.49%
    Second Best
    Apartment 5plus
    $96.1K
    $84.1K – $112.1K (±1% cap)
    NOI $6,728 @ 7.0% cap · market cap 6.73%
    Theoretical Best
    Office A
    $139.6K
    $122.1K – $162.9K (±1% cap)
    NOI $9,771 @ 7.0% cap · market cap 9.77%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.739605
    Latitude
    36.737161

    FAQs

    What type of property is this?
    Duplex - Multifamily property in Fresno, California, ideal for investment.
    Where is this duplex located?
    The property is located at 568 S Recreation Avenue Fresno, CA.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: Investment property.; Seller has 2 adjacent properties for sale.; Covered parking.
    More about this property
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