Triplex with Detached
For Sale
$749,900
Pending
6416 N Remington Avenue, Fresno, CA 93704
Three residential units offer two-bedroom layouts, varied bath counts, and private outdoor areas.
Property Size3,496 SF
Days on Market152
Property Features for 6416 N Remington Avenue
General Information
Standard status
Pending
Size
3,496 SF
Total Parking Spaces
3
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
3
Amenities
private back patio
shared courtyard
Building Details
Year Built
1974
Listing Agency:
Realty Concepts, Ltd. - Fresno
(559) 284-3756
Listed By:
Jeffery R. Starbuck · License #01870813
(559) 284-3756
Source:
Exitrealty
Added: Apr 2
Changed: Aug 31
Last Checked: Aug 31 at 2:02PM
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 Realty Concepts, Ltd. - Fresno
Investment Insights
Based on property information with market context.
This 3,496-square-foot triplex, built in 1974, contains two two-bedroom, two-bath residences and one two-bedroom, one-bath residence. Each unit is paired with a detached one-car garage and includes a private back patio, while residents also have access to a shared courtyard.
The property is located at 6416 N Remington Avenue in Northwest Fresno, near shopping, dining, and everyday amenities. The unit mix provides three two-bedroom homes within a single multifamily asset, with functional layouts and separate garage accommodations for each residence.
The property is located at 6416 N Remington Avenue in Northwest Fresno, near shopping, dining, and everyday amenities. The unit mix provides three two-bedroom homes within a single multifamily asset, with functional layouts and separate garage accommodations for each residence.
Key Highlights
- 3,496‑square‑foot triplex built in 1974
- Unit mix includes two 2 bed, 2 bath units and one 2 bed, 1 bath unit
- Each unit includes a 1‑car detached garage
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
6.11%
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 6.11%
Second Best
Apartment 5plus
$573.0K
$501.4K – $668.6K
NOI $40,113 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$1.03M
$901.4K – $1.20M
NOI $72,115 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer two-bedroom layouts, varied bath counts, and private outdoor areas.
Where is this triplex located?
The property is located at 6416 N Remington Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 3,496‑square‑foot triplex built in 1974; Unit mix includes two 2 bed, 2 bath units and one 2 bed, 1 bath unit; Each unit includes a 1‑car detached garage
