Updated Duplex with Two 2BR
824 N Thorne Avenue Fresno, CA 93728
824 N Thorne Avenue, Fresno, CA, 93728
$380,000
Pending
For Sale
$380,000
Pending
MULTI_FAMILY - Fresno, CA
Property Size1,810 SF
Lot Size0.15 Acres
Days on Market56
Property Features for 824 N Thorne Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 4
- Parking features
- Covered
- Exterior features
- Wood, Brick
- Standard status
- Pending
- 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 agency
Fresno Income Properties
(559) 438-9410
Listed by
Roy Cordova · License #01944933
(559) 438-9410
Added: May 28 Updated: Jul 20 at 7:30PM Checked: Jul 22 at 5:06PM
MLS# 649244
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.
This for-sale duplex at 824 N Thorne Avenue offers two spacious 2-bedroom, 1-bath units. Each unit includes fireplaces and wash/dryer hookups, with interiors recently updated throughout. Improvements noted include fresh paint, updated flooring, and remodeled kitchens and bathrooms. The property also has a newer roof, designed to help reduce future maintenance concerns.
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.
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 |
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two recently updated 2-bedroom, 1-bath units make this duplex a strong owner-occupant or rental option.
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 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
