6-Unit Apartment
New
For Sale
$1,250,000
944 B St, Fresno, CA 93706
Two buildings offer private rear yards and central air conditioning for every residence.
Property Size8,256 SF
Price / SF$151.41
Days on Market7
Property Features for 944 B St
General Information
Standard status
Active
Size
8,256 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 4BR/2BA, 2 x 3BR/2BA
Multifamily Units
6
Amenities
in-unit laundry
central A/C
back yards
Building Details
Year Built
2004
Buildings
2
Listing Agency:
Golden California
(909) 429-2120
Listed By:
Manuel Marquez · License #01223058
(951) 295-8787
Source:
Exprealty
Added: Oct 5
Changed: Oct 10
Last Checked: Oct 11 at 10:39AM
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 Golden California
Investment Insights
Based on property information with market context.
This 6-unit apartment property consists of two buildings constructed in 2004 on a corner lot. The unit mix includes four 4-bedroom, 2-bath residences and two 3-bedroom, 2-bath residences. Each apartment has its own laundry area, private backyard, and central air-conditioning unit.
The property is located at 944 B St in Fresno, California.
The property is located at 944 B St in Fresno, California.
Key Highlights
- Six apartments across two buildings, built in 2004
- Unit mix includes four 4‑bedroom apartments and two 3‑bedroom apartments
- Each apartment has 2 bathrooms and its own laundry area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,730
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,894,600
$1.9M
Cap Rate 7%
$1,353,286
$1.4M
Cap Rate 9%
$1,052,556
$1.1M
Market Conditions
NOI Build-Up for 8,256 SF
Gross rent
$181.3K $21.96/SF
− Vacancy
−$9.1K −$1.10/SF
EGI
$172.2K $20.86/SF
− OpEx
−$77.5K −$9.39/SF
NOI
$94.7K $11.47/SF
Area
Fresno, CA
Vacancy
5.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,894,600
Cap Rate 7%
$1,353,286
Cap Rate 9%
$1,052,556
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,730 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,305 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,482
Businesses Nearby
Explore this area
Business Placement
Demographics for 93706, CA
40,965
Population
12,239
Households
3.3
Avg Household Size
31
Median Age
9%
College-Educated
62%
High-School Grad
158.5 sq mi
ZIP Area
258
Density / Sq Mi
$40,023
Median Household Income
$28,495
Median Earnings
$1,129
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings offer private rear yards and central air conditioning for every residence.
Where is this multifamily property located?
The property is located at 944 B St Fresno, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Six apartments across two buildings, built in 2004; Unit mix includes four 4‑bedroom apartments and two 3‑bedroom apartments; Each apartment has 2 bathrooms and its own laundry area
