Four-Unit Residential Income
637 W Ashlan Avenue Clovis, CA 93612
MULTI_FAMILY - Clovis, CA
Property size:
4,144 SFLot size:
0.18 AcresPrice / SF:
$193/SF- Added:
- Jun 12, 2026
- Days on Market:
- 28
- Last Refresh:
- Jul 9 at 10:06 pm
Property Features for 637 W Ashlan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bedroom 9, Bathroom 3, Bathroom 6, Bedroom 4, Bedroom 8, Bedroom 2, Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 5, Bathroom 5, Bedroom 1, Bedroom 7, Bedroom 3, Bedroom 6
- Parking features
- Garage, Covered
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 43061207
- Size
- 4,144 SF
- Lot size
- 0.18 Acres
Building Details
- Year built
- 1976
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Composition
Listing agent Paul Gestic License #01376488 (559) 438-9410
Listing office Fresno Income Properties 7575 N Del Mar Suite #102, Fresno, CA (559) 438-9410
Listing date Jun 12, 2026
MLS# 650384
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.
Investment Insights
Based on property information with market context.
This four-unit residential income property features a mix of single-level and townhouse-style layouts. The front unit is a spacious single-level plan with 3 bedrooms and 2 bathrooms. Two additional units are townhouse-style with 2 bedrooms and 1.5 bathrooms. The fourth unit is a single-level 2-bedroom, 1-bathroom located above the garages.
Each unit includes its own enclosed one-car garage. One of the townhouse units offers direct interior access to the garage. An on-site laundry room is available for all tenants.
Set up for straightforward tenant living, the property combines private garage parking with shared, on-site laundry. The unit mix spans multiple bedroom and bathroom configurations, which can help accommodate a range of household needs. The property is described as conveniently located near schools, shopping, dining, and freeway access, supporting practical day-to-day connectivity for residents. Please do not disturb tenants; contact the listing agent to schedule a showing or request additional information.
Each unit includes its own enclosed one-car garage. One of the townhouse units offers direct interior access to the garage. An on-site laundry room is available for all tenants.
Set up for straightforward tenant living, the property combines private garage parking with shared, on-site laundry. The unit mix spans multiple bedroom and bathroom configurations, which can help accommodate a range of household needs. The property is described as conveniently located near schools, shopping, dining, and freeway access, supporting practical day-to-day connectivity for residents. Please do not disturb tenants; contact the listing agent to schedule a showing or request additional information.
Key Highlights
- 4‑unit property with enclosed one‑car garage for each unit, plus covered parking
- Unit mix includes a front single‑level 3‑bedroom/2‑bath unit
- Two townhouse‑style units with 2 bedrooms and 1.5 bathrooms
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 | $92.0k | $22.20 |
| − Vacancy | −$4.8k | −$1.16 |
| EGI | $87.2k | $21.04 |
| − OpEx | −$26.2k | −$6.31 |
| NOI | $61.0k | $14.73 |
4,144 SF · lease $22.20/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$871.9K
$763.0K – $1.02M
NOI $61,036 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$775.4K
$678.5K – $904.6K
NOI $54,277 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$1.04M
$913.5K – $1.22M
NOI $73,080 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four separate garages and on-site laundry support day-to-day convenience in a four-unit income building.
Where is this quadplex located?
The property is located at 637 W Ashlan Avenue Clovis, CA.
What is the asking price?
The asking price for this property is $799,950.
What are key features of this property?
This property features: 4‑unit property with enclosed one‑car garage for each unit, plus covered parking; Unit mix includes a front single‑level 3‑bedroom/2‑bath unit; Two townhouse‑style units with 2 bedrooms and 1.5 bathrooms
