402 N Poplar Ave 4 Unit Apartment Building $784,900 ($196,225/Unit) 6.12% Cap Rate Fresno, CA 93701

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.