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441 S Dearing Ave 13 Unit Apartment Building $1,880,000 ($144,615/Unit) 6.92% Cap Rate Fresno, CA 93702
Investment Highlights
- Excellent Location - Close Proximity to Major Retailers
- Strong Demand - Great Unit Mix
- Remodeled Units
- $183 Per SFT! Priced Below Replacement Cost
- Gated Property
- Long Term Tenants
Executive Summary
T.N.G. Commercial Real Estate Consultants is pleased to present EASTGATE 13 - A Gated 13 Unit Multifamily Investment Opportunity location at 441 S. Dearing Avenue In Fresno, California.
Eastgate 13 offers investors the opportunity to acquire a well positioned apartment community in a strong rental market with consistent tenant demand. The property consists of thirteen residential units situated on a spacious parcel within an established neighborhood of Southeast Fresno. Apartment communities of this size remain highly desirable among private investors due to their manageable scale and steady income potential.
The property benefits from a central location with convenient access to major transportation corridors including Highway 41, Highway 99, and State Route 180, allowing residents to easily commute throughout Fresno and the surrounding Central Valley. The area is supported by nearby retail centers, grocery stores, and national retailers including Home Depot, Starbucks, McDonald's, Chase Bank, FedEx and more.
Eastgate 13 presents investors with a stabilized multifamily asset in a growing rental market where demand for workforce housing continues to remain strong.
Below Replacement Cost!
CONTACT LISTING AGENT FOR FURTHER DETAILS.
Eastgate 13 offers investors the opportunity to acquire a well positioned apartment community in a strong rental market with consistent tenant demand. The property consists of thirteen residential units situated on a spacious parcel within an established neighborhood of Southeast Fresno. Apartment communities of this size remain highly desirable among private investors due to their manageable scale and steady income potential.
The property benefits from a central location with convenient access to major transportation corridors including Highway 41, Highway 99, and State Route 180, allowing residents to easily commute throughout Fresno and the surrounding Central Valley. The area is supported by nearby retail centers, grocery stores, and national retailers including Home Depot, Starbucks, McDonald's, Chase Bank, FedEx and more.
Eastgate 13 presents investors with a stabilized multifamily asset in a growing rental market where demand for workforce housing continues to remain strong.
Below Replacement Cost!
CONTACT LISTING AGENT FOR FURTHER DETAILS.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,880,000 | Apartment Style | Low-Rise |
| Price Per Unit | $144,615 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 6.92% | Building Size | 10,262 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1965/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-3 | ||
| Price | $1,880,000 |
| Price Per Unit | $144,615 |
| Sale Type | Investment |
| Cap Rate | 6.92% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 10,262 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2025 |
| Opportunity Zone |
Yes |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Double Pane Windows
- Family Room
- Freezer
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | $1,325 | 890 - 900 |
| 1+1 | 4 | $1,225 | 750 - 760 |
1 1
Walk Score®
Very Walkable (78)
Property Taxes
| Parcel Number | 461-234-16 | Total Assessment | $954,840 (2025) |
| Land Assessment | $130,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $824,840 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
461-234-16
Land Assessment
$130,000 (2025)
Improvements Assessment
$824,840 (2025)
Total Assessment
$954,840 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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441 S Dearing Ave
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