728 N Palm, Fresno, California 93728, Fresno, 93728 - 0 bed, 0 bath
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Fresno, California 93728
This High-Potential Investment Opportunity is a Residential Income Duplex listed at $314,900—positioned well below the $330,134 Fair Market Value by 4%. This valuation gap offers $15,234 in Instant Equity. Featuring a Fair Condition Rating (4/10), the property includes a Granite Kitchen and private laundry hookups. While the infrastructure is aging, the dual-unit setup provides immediate rental income. This asset is ideal for Buy-and-Hold Investors or Value-Add Investors seeking to optimize cash flow through strategic mechanical upgrades.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 728 N Palm Subject | $314,900* List Price | 0 | 0 | 1,544 | $214 | - |
A 623 W Hedges Avenue Active | $359,995 List Price | 0 | 0 | 1,520 | $237 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1941, the property has received partial updates including granite countertops and LVP flooring, but remains dated overall. The exterior shows signs of deferred maintenance such as peeling paint on the foundation and dry landscaping, and the rear unit relies on evaporative cooling rather than a modern HVAC system.
The property features two separate, currently occupied homes on a single lot, offering immediate rental income and strong investment potential.
Both units feature attractive interior upgrades, including granite countertops, updated kitchen cabinetry in the front home, and LVP flooring in the rear unit.
Each home is equipped with its own private laundry hookups, enhancing tenant convenience and overall property desirability.
Built in 1941, the property may require more frequent maintenance or future capital expenditures for older structural and mechanical systems.
The rear unit relies on evaporative cooling rather than a central HVAC system, which may be less efficient during intense Fresno summer heat waves.
Great investment opportunity featuring TWO HOMES ON ONE LOT, both currently occupied. The front home offers approximately 928 sf and is a 2 bedroom and 1 bathroom with updated kitchen cabinetry and granite countertops. Front unit has a HVAC. The rear unit is approximately 616 sf and a 1 bedroom, 1 bathroom with granite surfaces, LVP flooring, and evaporative cooling. Total combined square footage is approximately 1,544 sq ft. Each home has it's own private laundry hookups. Strong rental income with both units leased. Leases and expense document are available for review.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,544 | 984.5 |
| Lot Size | 7,500 | 11,558.5 |
| Price | $314.9K | $538.6K |
| Price per sq ft | $204 | $207.2K |
| Built year | 1941 | 1990 |
| HOA | $0 | $0 |
| Days on market | 37 | 68 |
Jun 16, 2026
$314,900
Initial Listing
Jun 14, 2018
$6,447,500
Public Record
Apr 8, 2014
$94,000
Public Record
May 9, 2000
$65,000
Public Record