Triplex with Detached
For Sale
$799,900
6415 N Remington Ave, Fresno, CA 93704
Three-unit property with private patios, in-unit laundry hookups, and a shared courtyard entry.
Property Size3,496 SF
Price / SF$228.80
Days on Market12
Property Features for 6415 N Remington Ave
General Information
Standard status
Active
Size
3,496 SF
Property subtype
Residential Income
Listing Agency:
The JKRE Investment Group
(559) 212-4489
Listed By:
Jin Kim · License #01456017
(559) 212-4489
Source:
Exprealty
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 30 at 10:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The JKRE Investment Group
Investment Insights
Based on property information with market context.
This three-unit triplex offers a practical residential layout with features that distinguish each apartment. Every unit has a detached single-car garage, a private rear patio, and washer and dryer hookups. A breezeway leads into an interior courtyard, where the individual unit entrances are arranged around a more private common setting. Recent electrical upgrades have been completed, and the property is fully occupied. Tenant tenure includes one resident of more than 10 years, another in place for 3 to 4 years, and one recently placed resident.
The property is located in North Fresno at 6415 N Remington Ave. Its combination of separate garages, outdoor spaces, laundry connections, and courtyard access provides a defined configuration for a three-unit residential asset. The current occupancy and documented tenant history offer an established operating profile for an owner evaluating the property as a hold.
The property is located in North Fresno at 6415 N Remington Ave. Its combination of separate garages, outdoor spaces, laundry connections, and courtyard access provides a defined configuration for a three-unit residential asset. The current occupancy and documented tenant history offer an established operating profile for an owner evaluating the property as a hold.
Key Highlights
- Three‑unit triplex at 6415 N Remington Ave, Fresno, CA
- Detached single‑car garage included with each unit
- Private rear patio provided for every apartment
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
$45,790
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
5.72%
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%
$915,800
$915.8K
Cap Rate 7%
$654,143
$654.1K
Cap Rate 9%
$508,778
$508.8K
Market Conditions
NOI Build-Up for 3,496 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
$69.2K $19.80/SF
− Vacancy
−$3.8K −$1.09/SF
EGI
$65.4K $18.71/SF
− OpEx
−$19.6K −$5.61/SF
NOI
$45.8K $13.10/SF
Area
Fresno, CA
Vacancy
5.50%
Lease Rate
$19.80 /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%
$915,800
Cap Rate 7%
$654,143
Cap Rate 9%
$508,778
Alternative Uses
Best Use
Multifamily LT 5
$654.1K
$572.4K – $763.2K
NOI $45,790 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$573.0K
$501.4K – $668.6K
NOI $40,113 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.03M
$901.4K – $1.20M
NOI $72,115 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
Explore this area
Business Placement
Demographics for 93704, CA
28,573
Population
12,165
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
5,291
Density / Sq Mi
$69,659
Median Household Income
$45,965
Median Earnings
$1,392
Median Rent
$366,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with private patios, in-unit laundry hookups, and a shared courtyard entry.
Where is this triplex located?
The property is located at 6415 N Remington Ave Fresno, CA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Three‑unit triplex at 6415 N Remington Ave, Fresno, CA; Detached single‑car garage included with each unit; Private rear patio provided for every apartment
