Duplex with Updated
961 N Palm Avenue, Fresno, CA 93728
For Sale
$339,500
Multi Family, Fresno, CA
Property Size1,150 SF
Lot Size0.15 Acres
Price / SF$295.22
Days on Market51
Property Features for 961 N Palm Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Exterior features
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Realty Concepts, Ltd. - Fresno
Listed By:
Nhung Nguyen
(559) 490-1500
Added: Sep 25
Changed: Nov 13
Last Checked: Nov 14 at 1:06AM
MLS# 655873
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.
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Investment Insights
Based on property information with market context.
Built in 1948, this 1,150-square-foot duplex sits on a 0.1492-acre lot. The exterior is stucco, and the composition roof was recently replaced. Recent work also includes exterior painting and new swamp coolers.
The property is in Fresno, with freeway access and shopping and dining options noted nearby. Both units have Section 8 tenants. The property may also suit an owner occupant who lives in one unit while renting the other.
The property is in Fresno, with freeway access and shopping and dining options noted nearby. Both units have Section 8 tenants. The property may also suit an owner occupant who lives in one unit while renting the other.
Key Highlights
- 1,150 square feet on a 0.1492‑acre lot
- Duplex built in 1948
- Recently replaced composition roof, exterior paint, and swamp coolers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,062
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,240
$301.2K
Cap Rate 7%
$215,171
$215.2K
Cap Rate 9%
$167,356
$167.4K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$22.8K $19.80/SF
− Vacancy
−$1.3K −$1.09/SF
EGI
$21.5K $18.71/SF
− OpEx
−$6.5K −$5.61/SF
NOI
$15.1K $13.10/SF
Area
Fresno, CA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,240
Cap Rate 7%
$215,171
Cap Rate 9%
$167,356
Alternative Uses
Best Use
Multifamily LT 5
$215.2K
$188.3K – $251.0K
NOI $15,062 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$188.5K
$164.9K – $219.9K
NOI $13,195 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$338.9K
$296.5K – $395.4K
NOI $23,722 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 93728, CA
16,191
Population
6,878
Households
2.4
Avg Household Size
35
Median Age
18%
College-Educated
77%
High-School Grad
3.0 sq mi
ZIP Area
5,397
Density / Sq Mi
$52,809
Median Household Income
$34,696
Median Earnings
$1,243
Median Rent
$239,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Fresno, CA
Properties on Market for Duplexes in Fresno
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both units have Section 8 tenants, with rental use and owner occupancy among the stated options.
Where is this duplex located?
The property is located at 961 N Palm Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $339,500.
What are key features of this property?
This property features: 1,150 square feet on a 0.1492‑acre lot; Duplex built in 1948; Recently replaced composition roof, exterior paint, and swamp coolers
