1622 B Street, Fresno, California 93706, Fresno, 93706 - 9 bed, 3 bath
ACTIVE$499,500
1622 B Street, Fresno, California 93706
9Beds
3Baths
2,652Sqft
7,000Lot
Year Built
1984
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$188
HOA
-
Days on market
-
Sold On
-
MLS number
FR25199229
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros.
Welcome to B St! An income producing triplex in the heart of fresno. Fully rented out with long term tenants. Look no further for your next investment property. Call today to get started on, or to add to your investment portfolio. Additional listings 1614 B St, 1624 B St, 1120 San Joaquin St, 1620 B St, 1636 B St.
Price History
Date
Event
Price
11/14/25
Price Change
$499,500-0.1%
09/04/25
Listing
$500,000
Condition Rating
Fair
Built in 1984, this property is 40 years old. The interior images, particularly of the kitchen, reveal dated cabinetry, countertops, and appliances (black refrigerator, electric coil range, integrated hood) that suggest renovations, if any, occurred 15-30 years ago. While the flooring appears to be in decent condition, and the walls are painted, the overall aesthetic and fixtures are outdated. The property appears functional and maintained for an income-producing asset with long-term tenants, but it requires minor updates to meet current standards and appeal. There are no visible signs of major defects, but the age and lack of recent significant renovations align with the 'fair' condition criteria.
Pros & Cons
Pros
Immediate Income Generation: The property is a fully rented triplex with long-term tenants, ensuring immediate and stable cash flow for an investor from day one.
Multi-Unit Investment: As a triplex, it offers diversified income streams, reducing risk compared to a single-unit property and potentially yielding higher overall returns.
Established Tenancy: The presence of long-term tenants suggests stability, reduced vacancy rates, and potentially lower tenant turnover costs, contributing to consistent income.
Portfolio Expansion Opportunity: The listing explicitly mentions additional properties available nearby (e.g., 1614 B St, 1624 B St), offering a unique chance for investors to scale their portfolio efficiently in the same area.
Clear Investment Focus: The property is clearly marketed as an 'investment property,' directly appealing to buyers looking to grow their real estate portfolio or generate passive income.
Cons
Age of Property: Built in 1984, the property is 40 years old, which may necessitate significant capital expenditures for updating major systems (e.g., HVAC, plumbing, electrical) or cosmetic renovations in the near future.
Lack of Unit Condition Details: The description provides no information regarding the interior condition of the individual units, recent upgrades, or specific amenities, making it challenging to assess current market rental rates or potential for rent increases without further inspection.
Potential for Deferred Maintenance: Given the property's age and the mention of long-term tenants, there is an increased likelihood of deferred maintenance issues that could require substantial investment post-acquisition to bring units up to modern standards or address wear and tear.