CA > Fresno
Fresno, CA 93703,2842 N First ST
Fresno, CA 93703,2842 N First ST
Fresno, CA 93703,2842 N First ST
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$549,000
Est. payment /mo
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3,026 SqFt
Pending

2842 N First ST Fresno, CA 93703

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Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

+1(424) 242-8856

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,026 sqft

Price per Sqft $181

MLS Listing ID ML82016163

HOA Y/N No

Year Built 1951

Annual Tax Amount $4,300

Lot Size 9,099 Sqft

Property Sub-Type Quadruplex

Property Description

Here's a multifamily 4-plex in the vibrant McLane neighborhood of Fresno. This turnkey property offers a rare combination of modern upgrades and strong cash flow potential, and close to city amenities. A large property with over 3,060 sqft updated to attract quality tenants and minimize maintenance costs. Updated units include laminate wood flooring, new countertops, appliances, and contemporary fixtures. Fresnos rental market is booming, ranking as the 9th most competitive rental market in the nation with a low vacancy rate of just 2.9%, tying for the 6th lowest in the U.S. (Forbes, 2024). Since 2019, fair market rents in Fresno have surged by 50%, with average rents now at $1,285/month and ranging up to $1,907/month depending on unit size and location (Apartments.com). This property is walking distance to Manchester Center, a large mall with a movie theater and weekly farmers market. Close to local favorites like Blackbeards Family Entertainment, Fresno State University, and Fresno Pacific University, ideal for student or faculty tenants. All units are 100% fully occupied with some Section 8 tenants with Fresno County Housing Authority.

Location

State CA

County Fresno

Zoning R3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Tile

Fireplace No

Appliance Disposal, Refrigerator, Vented Exhaust Fan

Exterior

Garage Spaces 3.0

Garage Description 3.0

View Y/N No

Roof Type Composition

Accessibility None

Building

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Schools

School District Fresno Unified

Others

Tax ID 44514111

Special Listing Condition Standard

Virtual Tour https://www.zillow.com/view-imx/9bf5cf5f-338c-41f7-b613-72ac5b66c681?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

CRMLS – RECore
Listed by Robert M. Balina Synergize Realty

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agent

Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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2842 N First ST

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