Duplex with Two 2BR
824 N Thorne Avenue Fresno, CA 93728
For Sale
$380,000
Duplex features two recently updated 2-bedroom, 1-bath units with fireplaces and in-unit washer/dryer hookups.
Property Size1,810 SF
Price / SF$209.94
Days on Market63
Property Features for 824 N Thorne Avenue
General Information
Standard status
Active
Size
1,810 SF
Property subtype
Multi Family
Building Details
Year Built
1926
Listing Agency:
Fresno Income Properties
(559) 438-9410
Listed By:
Roy C. Cordova · License #01944933
Source:
Exitrealty
Added: May 28
Changed: Jul 21
Last Checked: Jul 28 at 4:48AM
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 Fresno Income Properties
Investment Insights
Based on property information with market context.
This duplex offers two spacious 2-bedroom, 1-bathroom units, each with a fireplace and washer/dryer hookups. Both units have been recently updated throughout, including fresh paint, updated flooring, and remodeled kitchens and bathrooms. The property also includes a newer roof, designed to help reduce future maintenance concerns and large capital expenses. An oversized lot adds additional flexibility and may support future accessory dwelling unit possibilities.
Located in Fresno, CA near the Tower District, the property provides a convenient setting for rental or owner-occupant use. Please do not disturb tenants or walk the grounds; contact your agent for additional information and showing instructions.
Located in Fresno, CA near the Tower District, the property provides a convenient setting for rental or owner-occupant use. Please do not disturb tenants or walk the grounds; contact your agent for additional information and showing instructions.
Key Highlights
- Duplex built in 1926 in Fresno, CA with two 2‑bedroom, 1‑bath units
- Two spacious units with fireplaces and washer/dryer hookups (in‑unit washer/dryer hookups noted)
- Both units recently updated with fresh paint, updated flooring, and remodeled kitchens and bathrooms
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 | $35.8k | $19.80 |
| − Vacancy | −$2.0k | −$1.09 |
| EGI | $33.9k | $18.71 |
| − OpEx | −$10.2k | −$5.61 |
| NOI | $23.7k | $13.10 |
1,810 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$338.7K
$296.3K – $395.1K
NOI $23,707 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$296.7K
$259.6K – $346.1K
NOI $20,768 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$533.4K
$466.7K – $622.3K
NOI $37,337 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex features two recently updated 2-bedroom, 1-bath units with fireplaces and in-unit washer/dryer hookups.
Where is this duplex located?
The property is located at 824 N Thorne Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Duplex built in 1926 in Fresno, CA with two 2‑bedroom, 1‑bath units; Two spacious units with fireplaces and washer/dryer hookups (in‑unit washer/dryer hookups noted); Both units recently updated with fresh paint, updated flooring, and remodeled kitchens and bathrooms
