Single-Story 9-Unit Apartment
950 W Mckinley Avenue Fresno, CA 93728
950 W Mckinley Avenue, Fresno, CA, 93728
$1,350,000
For Sale
$1,350,000
Well-maintained single-story complex with eight 2-bedroom units and one 1-bedroom unit, all with washer/dryer hookups.
Property Size8,279 SF
Price / SF$163.06
Days on Market141
Property Features for 950 W Mckinley Avenue
General Information
- Standard status
- Active
- Size
- 8,279 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1986
Listing agency
Fresno Income Properties
(559) 438-9410
Listed by
Paul Gestic · License #01376488
(559) 438-9410
Source
Exitrealty
Added: Mar 3 Updated: Jul 22 at 1:07PM Checked: Jul 22 at 1:07PM
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 well-maintained 9-unit apartment complex features a single-level layout and stucco exterior improvements. The property includes eight 2-bedroom, 2-bathroom units and one 1-bedroom, 1-bathroom unit. Each unit has washer and dryer hookups, and residents also have access to private patios. Additional features include attached garages.
The complex is located in Fresno and is described as being just minutes from major shopping, dining, and everyday amenities.
As presented, the asset is configured as a single-story rental property with a unit mix of primarily 2-bedroom apartments, supplemented by one 1-bedroom unit, all supported by in-unit laundry hookups and private outdoor space.
The complex is located in Fresno and is described as being just minutes from major shopping, dining, and everyday amenities.
As presented, the asset is configured as a single-story rental property with a unit mix of primarily 2-bedroom apartments, supplemented by one 1-bedroom unit, all supported by in-unit laundry hookups and private outdoor space.
Key Highlights
- Well‑maintained 9‑unit apartment complex built in 1986
- Unit mix: eight 2‑bedroom, 2‑bath units plus one 1‑bedroom, 1‑bath unit
- Washer and dryer hookups available in all units
Local Financial Insights For Apartment 5plus
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 | $181.8k | $21.96 |
| − Vacancy | −$9.1k | −$1.10 |
| EGI | $172.7k | $20.86 |
| − OpEx | −$77.7k | −$9.39 |
| NOI | $95.0k | $11.47 |
8,279 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.58M
NOI $94,994 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.13M – $2.85M
NOI $170,779 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained single-story complex with eight 2-bedroom units and one 1-bedroom unit, all with washer/dryer hookups.
Where is this apartment building located?
The property is located at 950 W Mckinley Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Well‑maintained 9‑unit apartment complex built in 1986; Unit mix: eight 2‑bedroom, 2‑bath units plus one 1‑bedroom, 1‑bath unit; Washer and dryer hookups available in all units
