637 W Ashlan Avenue Clovis, CA 93612
Four residential units include enclosed one-car garages and an on-site laundry room.
Property Features for 637 W Ashlan Avenue
General Information
- Standard status
- Active
- Size
- 4,144 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1976
Listing office Fresno Income Properties (559) 903-2255
Listing date Jun 16, 2026
Source Exitrealty
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Investment Insights
Based on property information with market context.
Each unit has access to its own enclosed one-car garage, with one townhouse unit offering direct interior garage access. All units share access to an on-site laundry room.
The property is situated in the Clovis market with convenience to schools, shopping, dining, and freeway access, supporting straightforward long-term rental appeal.
Key Highlights
- Four‑unit residential property built in 1976 in the Clovis market
- Unit mix includes one 3 bed/2 bath single‑level unit, two 2 bed/1.5 bath townhouse‑style units, and one 2 bed/1 bath unit above the garages
- Each unit has its own enclosed one‑car garage; one townhouse unit has direct interior access to the garage
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 |
