
Fresno, California 93701
Exceptional opportunity to acquire a well-maintained 5-unit multifamily property in a desirable Fresno location. Each unit offers a spacious 3-bedroom, 1-bath layout with approximately 900 square feet, totaling 4,500 square feet of rentable spaceideal for attracting long-term tenants. The property has been recently remodeled and painted within the past three years, providing a low-maintenance, turnkey investment. All units are Section 8 friendly and currently leased through the Housing Authority, offering reliable, consistent rental income and reduced vacancy risk. Current gross rents total $8,648/month, with upside potential to $9,375/month based on existing rent caps. Annual gross income exceeds $103,000 with the potential to reach over $112,000and even higher as voucher limits continue to rise. Operating expenses are efficient, resulting in a strong Net Operating Income of approximately $72,996, with potential to increase to $81,720. Investors will benefit from immediate positive cash flow, with current monthly returns around $2,583 and projected upside to over $3,300/month. All five A rents are due to be increased in next 7 dash 8 months/ assuming rents will be increased by 7% The new rents will be$9061 Ideally located near Highway 180, shopping centers, schools, and dining, the property sits within a clean, well-maintained complex in a high-demand rental area. Highlights: Five 3 bed / 1 bath units (~900 SF each) Recently remodeled interiors and exterior updates Section 8 tenant base Strong in-place income with rental upside Low-maintenance investment Excellent access to major corridors and amenities Perfect for investors seeking income-producing asset with built-in growth potential in a steadily appreciating market.
Property is new construction or fully renovated.
Although built in 1970, the property was recently remodeled and painted within the last three years. Interior photos show new laminate flooring and fresh paint, and the listing confirms turnkey condition with recent exterior updates, meeting the criteria for a renovation under 5 years old.
The property is fully leased through the Housing Authority (Section 8), providing reliable, government-backed rental income and significantly reducing vacancy risk for investors.
Recent interior and exterior renovations completed within the last three years offer a low-maintenance investment opportunity with minimal immediate capital expenditure requirements.
The rare configuration of five 3-bedroom units is highly desirable for families and maximizes rental voucher limits compared to standard one or two-bedroom multifamily layouts.
Each 3-bedroom unit features only one bathroom, which may be a drawback for larger families and could limit future marketability compared to units with a 3/2 configuration.
With five units situated on a 6,250 square foot lot, the property offers limited outdoor common space and potentially constrained parking for a high-occupancy tenant base.
No exterior & parking available.
No sensitive facilities data found.
Sep 10, 2026
$860,000
Initial Listing
Aug 21, 2023
$745,000
Public Record
Mar 8, 2021
$483,000
Public Record
Apr 17, 2019
$420,000
Public Record
Sep 25, 2017
$285,000
Public Record
Jan 7, 2016
$222,000
Public Record
Jun 19, 2013
$185,000
Public Record