Garden Square Apartments 202-228 W Dakota Ave 83 Unit Apartment Building $11,620,000 ($140,000/Unit) 6.12% Cap Rate Fresno, CA 93705

Value-Add Opportunity
Garden Square Apartments offers a notable value-add prospect, with current rents averaging $1.35 per square foot, compared to $1.52 per square foot at similar properties in the area. This discrepancy indicates significant potential for growth through targeted interior and exterior upgrades, enabling new owners to increase rents and generate immediate income growth.
Prime Fresno Location with Strong Fundamentals
Located at 202 W. Dakota Avenue in the Old Fig Garden neighborhood, Garden Square benefits from Fresno’s diverse economy, proximity to key employment hubs, and the upcoming High-Speed Rail project. This infrastructure development is expected to improve regional connectivity and support long-term economic growth.
Excellent Access to Retail, Dining, and Amenities
Residents enjoy excellent walkability and easy access to a variety of retail, dining, and entertainment venues, including River Park Shopping Center, Fashion Fair, and Fig Garden Village. The property’s strategic location ensures convenient access to daily necessities and lifestyle amenities, which enhances resident satisfaction and increases demand.
Desirable Garden-Style Community
Garden Square features a garden-style layout with 83 spacious units spread across 12 buildings on 5.04 acres. The community offers a mix of one-, two-, and three-bedroom units, with amenities such as on-site laundry, covered parking, patios or balconies, and a dedicated manager’s office, all within a well-maintained, park-like setting.
Proven Unit Mix with Strong Demand
The property’s unit configuration—from one-bedroom to three-bedroom layouts—appeals to a broad tenant base, including families and professionals. This aligns with the high demand for quality, affordable housing in Fresno’s expanding rental market