Property Details
About this Property
Here's a multifamily 4-plex in the vibrant McLane neighborhood of Fresno. This turnkey property offers a rare combination of modern upgrades and strong cash flow potential, and close to city amenities. A large property with over 3,060 sqft updated to attract quality tenants and minimize maintenance costs. Updated units include laminate wood flooring, new countertops, appliances, and contemporary fixtures. Fresnos rental market is booming, ranking as the 9th most competitive rental market in the nation with a low vacancy rate of just 2.9%, tying for the 6th lowest in the U.S. (Forbes, 2024). Since 2019, fair market rents in Fresno have surged by 50%, with average rents now at $1,285/month and ranging up to $1,907/month depending on unit size and location (Apartments.com). This property is walking distance to Manchester Center, a large mall with a movie theater and weekly farmers market. Close to local favorites like Blackbeards Family Entertainment, Fresno State University, and Fresno Pacific University, ideal for student or faculty tenants. All units are 100% fully occupied with some Section 8 tenants with Fresno County Housing Authority.
MLS Listing Information
MLS #
ML82016163
MLS Source
MLSListings, Inc.
Interior Features
Kitchen
Exhaust Fan
Appliances
Exhaust Fan, Garbage Disposal, Oven Range, Refrigerator, Washer/Dryer
Flooring
Laminate, Tile
Cooling
Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Composition
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Attached Garage, Garage: 3 Car(s)
Elementary District
Fresno Unified
High School District
Fresno Unified
Sewer
Public Sewer
Water
Public
Zoning
R3
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | – | 2 | 1/0 | $1,300 |
| 2 | – | 1 | 1/0 | $1,179 |
| 3 | – | 1 | 1/0 | $1,075 |
| 4 | – | 2 | 1/0 | $924 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2842 N First St is a Residential Income in Fresno, CA 93703. This 3,026 square foot property sits on a 9,100 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $549,000 and was built in 1951. This address can also be written as 2842 N First St, Fresno, CA 93703.
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This listing information is up-to-date as of August 06, 2025. For the most current information, please contact Robert M. Balina, (408) 750-6425
