Multifamily Property with Five
7089 N Howard St, Fresno, CA 93720
For Sale
Contact for pricing
Multifamily property featuring five units.
Property Size5,600 SF
Price / SF$223.21
Days on Market246
Property Features for 7089 N Howard St
General Information
Standard status
Size
Property subtype
Occupancy
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Units
Listing Agency:
Marcus & Millichap - Fresno
Listed By:
Jon Mimms
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 21 at 6:47AM
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 Marcus & Millichap - Fresno
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property features five units. The property has a size of 5600 square feet.
Key Highlights
- Multifamily property with 5 units.
- Priced at $250,000 per unit.
- Built in 1978.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,816
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,196,320
$1.2M
Cap Rate 7%
$854,514
$854.5K
Cap Rate 9%
$664,622
$664.6K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$114.2K $20.40/SF
− Vacancy
−$5.5K −$0.98/SF
EGI
$108.8K $19.42/SF
− OpEx
−$48.9K −$8.74/SF
NOI
$59.8K $10.68/SF
Area
ZIP 93720
Vacancy
4.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,196,320
Cap Rate 7%
$854,514
Cap Rate 9%
$664,622
Alternative Uses
Best Use
Apartment 5plus
$854.5K
$747.7K – $996.9K
NOI $59,816 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,801 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,177
Businesses Nearby
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Business Placement
Demographics for 93720, CA
47,814
Population
19,738
Households
2.4
Avg Household Size
39
Median Age
47%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
4,598
Density / Sq Mi
$103,636
Median Household Income
$56,888
Median Earnings
$1,990
Median Rent
$457,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Fresno, CA
Properties on Market for Apartment buildings in Fresno
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property featuring five units.
Where is this apartment building located?
The property is located at 7089 N Howard St Fresno, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Multifamily property with 5 units.; Priced at $250,000 per unit.; Built in 1978.
