7-Unit Low-Rise Apartment
For Sale
Contact for pricing
642 N Thorne Ave, Fresno, CA 93728
Low-rise residential property with studio and two-bedroom, one-bath apartment layouts in Fresno.
Property SizeContact for details
Days on Market143
Property Features for 642 N Thorne Ave
General Information
Standard status
Active
Property subtype
Multifamily
Financials
Asking Price
$725,000
Gross Income
$81,660
Additional Details
Multifamily Units
7
Listing Agency:
1st Class Investments & Realty
Listed By:
Rene Villanueva · License #01202041
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 12:33PM
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 1st Class Investments & Realty
Investment Insights
Based on property information with market context.
This low-rise apartment property contains 7 units configured as a combination of 2B1B apartments and studios. The property is offered in its current as-is condition and provides a mix of unit layouts within one multifamily asset.
The property is located at 642 N Thorne Ave in Fresno, California, approximately 15 minutes from Fresno University and the Tower District. Reported operating metrics include a 7% cap rate at 100% occupancy, supporting evaluation as a residential income property.
The property is located at 642 N Thorne Ave in Fresno, California, approximately 15 minutes from Fresno University and the Tower District. Reported operating metrics include a 7% cap rate at 100% occupancy, supporting evaluation as a residential income property.
Key Highlights
- 7‑unit low‑rise apartment building
- Unit mix includes 2B1B apartments and studios
- 7% cap rate at 100% occupancy
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Explore this area
Business Placement
Demographics for 93728, CA
16,191
Population
6,878
Households
2.4
Avg Household Size
35
Median Age
18%
College-Educated
77%
High-School Grad
3.0 sq mi
ZIP Area
5,397
Density / Sq Mi
$52,809
Median Household Income
$34,696
Median Earnings
$1,243
Median Rent
$239,700
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?
Apartment building - Low-rise residential property with studio and two-bedroom, one-bath apartment layouts in Fresno.
Where is this apartment building located?
The property is located at 642 N Thorne Ave Fresno, CA.
What are key features of this property?
This property features: 7‑unit low‑rise apartment building; Unit mix includes 2B1B apartments and studios; 7% cap rate at 100% occupancy
