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402 N Poplar Ave 4 Unit Apartment Building $739,900 ($184,975/Unit) 6.78% 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
Turnkey 4-unit investment offering a 6.78% cap rate at current rents. All four units are fully occupied at $1,400 per month, each a spacious townhome-style 2 bedroom, 1.5 bathroom floor plan with a private patio. The property was completely restored approximately 10 years ago and has been well maintained since, allowing a new owner to step into consistent, day-one cash flow with no deferred projects.Every unit features central heating and air conditioning, and three of the four units enjoy gated entry. An on-site washer and dryer, leased through WASH, generates monthly supplemental income with no equipment ownership or maintenance burden to the owner.With full occupancy, market-level rents, townhome-style layouts that rent quickly, and laundry income on top, 402 N Poplar Ave is a clean, low-management addition to any portfolio.
Property Facts
| Price | $739,900 | Apartment Style | Townhome |
| Price Per Unit | $184,975 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.78% | Building Size | 3,402 SF |
| Gross Rent Multiplier | 11.01 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1979/2016 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RS5 - Residetial | ||
| Price | $739,900 |
| Price Per Unit | $184,975 |
| Sale Type | Investment |
| Cap Rate | 6.78% |
| Gross Rent Multiplier | 11.01 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,402 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2016 |
| Opportunity Zone |
Yes |
| Zoning | RS5 - Residetial |
Amenities
Site Amenities
- Fenced Lot
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 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
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402 N Poplar Ave
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