Two-Home Residential Income
728 N Palm Avenue Fresno, CA 93728
728 N Palm Avenue, Fresno, CA, 93728
$314,900
For Sale
Under Contract
$314,900
MULTI_FAMILY - Fresno, CA
Property Size1,544 SF
Lot Size0.17 Acres
Price / SF$203.95
Days on Market73
Property Features for 728 N Palm Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RS5
- Parking features
- Garage
- Standard status
- Active Under Contract
- APN
- 45218115
- Size
- 1,544 SF
- Lot size
- 0.17 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Water source
- Public
Building Details
- Floors in Building
- 1
Listing agency
eXp Realty of Greater Los Angeles, Inc.
(888) 652-1314
Listed by
Marie Meza · License #01772801
(559) 246-4905
Added: May 11 Updated: Jun 17 at 3:48PM Checked: Jul 22 at 2:06AM
MLS# 234462
Copyright © 2026 Kings County Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential income property consists of two homes on a single lot. The front home is approximately 928 square feet and features two bedrooms and one bathroom, with updated kitchen cabinetry and granite countertops. It also includes HVAC. The rear home is approximately 616 square feet and offers one bedroom and one bathroom, with granite surfaces, LVP flooring, and evaporative cooling. Each home has its own private laundry hookups, supporting tenant convenience and operational separation.
The property is located at 728 N Palm Avenue in Fresno, California 93728, within zoning RS5. Both homes are currently occupied and leased, and leases and expense documentation are available for review.
For tenants, the layout provides defined living spaces with in-unit laundry hookups and separate home configurations. For buyers, the asset offers a two-unit structure on one lot with distinct systems and interior finishes, including HVAC in the front unit and evaporative cooling in the rear unit. The fact that both homes are leased may be appealing to operators seeking a property with existing tenant occupancy, subject to review of the provided lease and expense materials.
The property is located at 728 N Palm Avenue in Fresno, California 93728, within zoning RS5. Both homes are currently occupied and leased, and leases and expense documentation are available for review.
For tenants, the layout provides defined living spaces with in-unit laundry hookups and separate home configurations. For buyers, the asset offers a two-unit structure on one lot with distinct systems and interior finishes, including HVAC in the front unit and evaporative cooling in the rear unit. The fact that both homes are leased may be appealing to operators seeking a property with existing tenant occupancy, subject to review of the provided lease and expense materials.
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; includes HVAC
- Rear home: approx. 616 SF, 1 bed/1 bath, granite surfaces, LVP flooring, and evaporative cooling
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.6k | $19.80 |
| − Vacancy | −$1.7k | −$1.09 |
| EGI | $28.9k | $18.71 |
| − OpEx | −$8.7k | −$5.61 |
| NOI | $20.2k | $13.10 |
1,544 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$288.9K
$252.8K – $337.1K
NOI $20,223 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$253.1K
$221.5K – $295.3K
NOI $17,716 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$455.0K
$398.1K – $530.8K
NOI $31,850 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two leased homes on one lot, each with private laundry hookups, offering practical rental configurations.
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; includes HVAC; Rear home: approx. 616 SF, 1 bed/1 bath, granite surfaces, LVP flooring, and evaporative cooling
