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.
The income description goes here to explain
| List Price | $910,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1970 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 45230313 |
| MLS # | FR26096573 |
| Property ID | 322817077 |
| Lot Sqft | 6,250 |
| Zoning | Unknown |
| Total Units | 5 |
| Days on Market | 57 |
| Original List Price | $910,000 |
| Date Updated | May 04, 2026 |
| Date Created | April 20, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $112,512 | $0 |
| Net Income (Yr) | $ 81,732 |
SUMANJEET SINGH an agent of . Lic #02107827
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REAL ESTATE AGENT