824 N Thorne Avenue Fresno, CA 93728
MULTI_FAMILY - Fresno, CA
Property Features for 824 N Thorne Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2
- Parking features
- Covered
- Exterior features
- Wood, Brick
- Standard status
- Active
- APN
- 45025123
- Size
- 1,810 SF
- Lot size
- 0.15 Acres
Building Details
- Year built
- 1926
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition
Listing agent Roy Cordova License #01944933 (559) 438-9410
Listing office Fresno Income Properties 7575 N Del Mar Suite #102, Fresno, CA (559) 438-9410
Listing date May 28, 2026
Copyright © 2026 Fresno Association 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.
The duplex sits on an oversized lot of approximately 0.1492 acres. Public remarks note the home is conveniently positioned near the Tower District, supporting tenant and lifestyle convenience for a residential rental or house-hack arrangement.
For tenants, this setup provides independent living within a straightforward two-unit configuration, with in-unit laundry hookups and updated finishes in both units. For an owner-occupant, the layout supports living in one unit while renting the other. For investors, the property’s two updated units and lot size can be an appealing foundation for those looking to manage a duplex with potential for further development ideas, subject to applicable approvals.
Key Highlights
- Duplex in Fresno, CA with two spacious 2‑bedroom, 1‑bath units
- Each unit has fireplaces and wash/dryer hookups
- Recently updated throughout with fresh paint, updated flooring, remodeled kitchens and bathrooms
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 | $35.8k | $19.80 |
| − Vacancy | −$2.0k | −$1.09 |
| EGI | $33.9k | $18.71 |
| − OpEx | −$10.2k | −$5.61 |
| NOI | $23.7k | $13.10 |
