Two-Unit Duplex on One
For Sale
$314,900
Pending
728 N Palm Avenue, Fresno, CA 93728
Fully occupied duplex with separate laundry hookups and HVAC in the front home.
Property Size1,460 SF
Days on Market105
Property Features for 728 N Palm Avenue
General Information
Standard status
Pending
Size
1,460 SF
Property subtype
Multi Family
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1941
Listing Agency:
eXp Realty of Greater Los Angeles, inc.
(888) 584-9427
Listed By:
Marie Meza · License #01772801
(559) 246-4905
Source:
Exitrealty
Added: Jun 25
Changed: Oct 7
Last Checked: Oct 7 at 9:29AM
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 eXp Realty of Greater Los Angeles, inc.
Investment Insights
Based on property information with market context.
This for-sale duplex offers two separate homes on one lot, with both units currently occupied. The front home features approximately 928 square feet with two bedrooms and one bathroom, including updated kitchen cabinetry and granite countertops. It also has an HVAC system and private laundry hookups.
The rear home provides approximately 616 square feet with one bedroom and one bathroom, with granite surfaces and LVP flooring. The rear unit is cooled with evaporative cooling and also includes its own private laundry hookups.
For buyers seeking a residential income property, the layout supports separate living arrangements while keeping both units under one ownership structure. With both homes leased and available lease and expense documentation for review, the property may fit an owner-operator or investor looking for an occupied two-unit setup. Both units have private laundry connections, which can simplify tenant day-to-day functionality.
The rear home provides approximately 616 square feet with one bedroom and one bathroom, with granite surfaces and LVP flooring. The rear unit is cooled with evaporative cooling and also includes its own private laundry hookups.
For buyers seeking a residential income property, the layout supports separate living arrangements while keeping both units under one ownership structure. With both homes leased and available lease and expense documentation for review, the property may fit an owner-operator or investor looking for an occupied two-unit setup. Both units have private laundry connections, which can simplify tenant day-to-day functionality.
Key Highlights
- Two homes on one lot, both currently occupied and leased
- Front home: approx. 928 SF, 2 bed/1 bath, updated kitchen cabinetry and granite countertops, with HVAC
- Rear home: approx. 616 SF, 1 bed/1 bath, granite surfaces, LVP flooring, and evaporative cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,123
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,460
$382.5K
Cap Rate 7%
$273,186
$273.2K
Cap Rate 9%
$212,478
$212.5K
Market Conditions
NOI Build-Up for 1,460 SF
Gross rent
$28.9K $19.80/SF
− Vacancy
−$1.6K −$1.09/SF
EGI
$27.3K $18.71/SF
− OpEx
−$8.2K −$5.61/SF
NOI
$19.1K $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 Rate 5%
$382,460
Cap Rate 7%
$273,186
Cap Rate 9%
$212,478
Alternative Uses
Best Use
Multifamily LT 5
$273.2K
$239.0K – $318.7K
NOI $19,123 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$239.3K
$209.4K – $279.2K
NOI $16,752 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$430.2K
$376.5K – $502.0K
NOI $30,117 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,100
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Duplex - Fully occupied duplex with separate laundry hookups and HVAC in the front home.
Where is this duplex located?
The property is located at 728 N Palm Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Two homes on one lot, both currently occupied and leased; Front home: approx. 928 SF, 2 bed/1 bath, updated kitchen cabinetry and granite countertops, with HVAC; Rear home: approx. 616 SF, 1 bed/1 bath, granite surfaces, LVP flooring, and evaporative cooling
