2263 E Thomas, Fresno, California 93701, Fresno, 93701 - 0 bed, 0 bath
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Fresno, California 93701
Analysis of 2263 E Thomas, Fresno, California 93701 is currently available with a list price of $474,900. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Fresno Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1948 with no recorded major renovations, this property exceeds the 50-year age threshold for significant system depreciation. The exterior shows dated roof-mounted evaporative coolers and older electrical meters, while the listing's 'value-add' description confirms the need for interior rehab and modernization of kitchens and baths.
With five well-positioned units, this property offers a rare multi-unit configuration that provides immediate cash flow and strong rental demand for investors.
The expansive 19,800-square-foot lot is significantly larger than average for the area, offering ample space for tenant parking, outdoor amenities, or potential future expansion.
The property serves as both a turnkey asset for immediate income and a value-add opportunity, allowing for strategic renovations to maximize future rent growth.
Built in 1948, the property may require significant capital expenditures for modernizing older systems such as plumbing, electrical, and roofing to meet current standards.
The current list price represents a substantial increase from its 2018 sale price of $150,000, which may require a rigorous cap rate analysis to justify the valuation in the current market.
Welcome to 2263 E Thomas Ave, a rare multi-unit investment property offering five well-positioned units.This income-producing asset is ideal for both seasoned investors and those looking to expand their portfolio. With consistent rental demand in the area, this property presents an excellent opportunity for immediate income generation and future rent growth. Whether you're seeking a turnkey asset or a value-add opportunity, 2263 E Thomas Ave delivers flexibility, location, and income potential in one compelling package.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1948 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 19, 2026
$474,900
Initial Listing
Mar 29, 2018
$150,000
Public Record
Jul 18, 1994
$87,500
Public Record