USACAFresno2842 N 1St St
2842 N 1 St St, Home with 0 bedrooms, 0 bathrooms and null parking in Fresno CA | Image 1
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$549,000

2842 N 1 St St, Fresno, CA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 3026 sqft
Garage Yes
Taxes $4,300
Days Active 1
Lot Size 
Approx. Age 1951
Avg. Price Per Sqft $181
MLS® Number ML82016163

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Here's a multifamily 4-plex in the vibrant McLane neighborhood of Fresno. This turnkey property offers a rare combination of modern upgrades and strong cash flow potential, and close to city amenities. A large property with over 3, 060 sqft updated to attract quality tenants and minimize maintenance costs. Updated units include laminate wood flooring, new countertops, appliances, and contemporary fixtures. Fresnos rental market is booming, ranking as the 9th most competitive rental market in the nation with a low vacancy rate of just 2.9%, tying for the 6th lowest in the U.S. (Forbes, 2024). Since 2019, fair market rents in Fresno have surged by 50%, with average rents now at $1, 285/month and ranging up to $1, 907/month depending on unit size and location (Apartments.Com). This property is walking distance to Manchester Center, a large mall with a movie theater and weekly farmers market. Close to local favorites like Blackbeards Family Entertainment, Fresno State University, and Fresno Pacific University, ideal for student or faculty tenants. All units are 100% fully occupied with some Section 8 tenants with Fresno County Housing Authority.Show Description
MLS® NumberML82016163
Laundry Level
Central VacNo
FireplaceNo
Acreage0.2089
Exterior
GarageYes
Approx. Age1951
Basement
Driveway
Garage Spaces
HeatWall Furnace
A/CWall Window Units
Heating Fuel

Extras

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