Log In/Sign Up
Your email has been sent.
402 N Poplar Ave 4 Unit Apartment Building $749,900 ($187,475/Unit) 6.62% Cap Rate Fresno, CA 93701
Investment Highlights
- Clean termite inspection from March 24, 2026
- Located near Downtown Fresno and the Tower District
- Low operational expenses
- Turnkey investment
- On-site laundry room for extra income
Executive Summary
402 N. Poplar Avenue presents a rare opportunity to acquire a stabilized, income-producing multifamily property in the heart of Fresno, near Downtown and the Tower District. This four-unit townhome-style asset offers a proven unit mix of two-bedroom, 1.5-bath layouts, attracting long-term tenants and ensuring consistent occupancy. Each unit is individually metered for PG&E, reducing ownership expenses, while the landlord covers water, sewer, and trash.
The property underwent a full renovation in 2016, with additional structural upgrades completed in 2023, resulting in a well-maintained, low-maintenance investment. An on-site laundry facility provides supplemental income, and gated access for select units enhances tenant security and appeal. With a proforma net income of $48,016.64 and a 6.00% CAP rate, this turnkey property offers dependable cash flow and minimal management burden.
Positioned in a central Fresno location, the property benefits from proximity to major employment centers, retail amenities, and convenient freeway access, making it an attractive addition to any investment portfolio.
The property underwent a full renovation in 2016, with additional structural upgrades completed in 2023, resulting in a well-maintained, low-maintenance investment. An on-site laundry facility provides supplemental income, and gated access for select units enhances tenant security and appeal. With a proforma net income of $48,016.64 and a 6.00% CAP rate, this turnkey property offers dependable cash flow and minimal management burden.
Positioned in a central Fresno location, the property benefits from proximity to major employment centers, retail amenities, and convenient freeway access, making it an attractive addition to any investment portfolio.
Property Facts In Escrow
| Price | $749,900 | Building Class | C |
| Price Per Unit | $187,475 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,402 SF |
| Cap Rate | 6.62% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1979 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | RS5 - Residetial | ||
| Price | $749,900 |
| Price Per Unit | $187,475 |
| Sale Type | Investment |
| Cap Rate | 6.62% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,402 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Opportunity Zone |
Yes |
| Zoning | RS5 - Residetial |
Amenities
Site Amenities
- Fenced Lot
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 459-055-17 | Improvements Assessment | $535,500 |
| Land Assessment | $45,900 | Total Assessment | $581,400 |
Property Taxes
Parcel Number
459-055-17
Land Assessment
$45,900
Improvements Assessment
$535,500
Total Assessment
$581,400
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
402 N Poplar Ave