365 N Echo Avenue, Fresno, California 93701, Fresno, 93701 - 3 bed, 2 bath
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Fresno, California 93701
This Multi-Unit Investment Asset is listed at $334,900, offering a strategic dual-income opportunity within the Fresno Unified School District. While the $280,988 Fair Market Value reflects standard area benchmarks, this property provides superior utility through two fully occupied residences on a 7,500 sq. ft. lot. Boasting a Condition Rating of 3, the asset features hardwood floors in the front bungalow and a modernized rear unit with LVP flooring and a mini-split HVAC system. This immediate cash-flow generator is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Property is move-in ready.
While the structure dates to 1923, the property has undergone significant recent updates including a newer kitchen with modern cabinets/countertops and a mini-split HVAC system in the rear unit. The front unit features an updated bathroom and well-maintained hardwood floors, making both units functional and move-in ready for tenants.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1230.
The property features two separate homes on a single lot, providing a versatile investment opportunity for dual rental income or multi-generational living.
Both units are currently tenant-occupied, offering the buyer immediate rental income from the day of closing without the vacancy period of finding new tenants.
Built in 1923, the property may require ongoing maintenance or future upgrades to aging structural or mechanical systems typical of century-old homes.
With only 1,230 total square feet split between two residences, the individual units offer relatively small living areas which may limit the long-term tenant pool.
Check out this great investment opportunity featuring two homes on one lot, both currently tenant-occupied and offering immediate rental income. The front home is a charming 2 bedroom, 1 bathroom bungalow with hardwood floors throughout the living areas and bedrooms, an updated bathroom, and a spacious layout. It also includes a formal dining room with a built-in cabinet and custom shelving in the living room, adding character and functionality. The rear unit offers a 1 bedroom, 1 bathroom layout with newer kitchen cabinets and countertops, LVP flooring throughout, and a mini split system for efficient heating and cooling. The unit also offers convenient alley access. This fully occupied property is ideal for investors seeking a low-maintenance asset with upside potential. Don't miss this opportunity, call for more information today!
No exterior & parking available.
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| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,230 | 1,238 | 50% |
| Lot Size | 7,500 | 5,795 | 75% |
| Price | $334.9K | $285.8K | 75% |
| Price per sq ft | $272 | $253 | 75% |
| Built year | 1923 | 1924 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 174 | 25% |
May 1, 2026
$334,900
Initial Listing
Jun 14, 2018
$6,447,500
Public Record
Jun 26, 2015
$350,000
Public Record
Nov 10, 2011
$57,500
Public Record