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329 N Diana St
Fresno, CA 93701
Diana St · Multifamily Property For Sale
·
3 Units


Investment Highlights
- Newly Remodeled in 2023.
- Central HVAC
- In unit Washer and Dryer
- Brand New Roof in 2025 with Warranty
- Originally built in 1981
- Stainless Steel Appliances
Executive Summary
Well-maintained and thoughtfully updated, this triplex at 329 N. Diana Street offers a strong investment opportunity in a central Fresno rental corridor known for consistent tenant demand. Originally built in 1981, the property was remodeled in 2023 with extensive interior improvements that created clean, modern, and durable living spaces designed for long-term performance rather than short-term cosmetic appeal.
Each unit features updated finishes including vinyl flooring, updated bathrooms, stainless steel appliances, and open-concept floor plans that provide excellent natural light. In-unit laundry adds everyday convenience for tenants and supports long-term retention. The unit mix is functional and well-suited for workforce housing, making the property especially attractive for both traditional renters and Section 8 housing.
The building has been maintained with ownership efficiency in mind, including a newer roof installed in 2025. Most utilities are separately metered, helping streamline management and control operating expenses. The property also offers ample parking in both the front and rear, a valuable amenity in this centrally located neighborhood.
Positioned just minutes from Downtown Fresno and near Community Regional Medical Center, the property benefits from proximity to one of the area’s largest employment centers, along with access to major transportation routes, public transit, and everyday services. This location supports steady rental demand and long-term occupancy stability.
Diana Street presents a solid, income-producing multifamily asset with practical upgrades, strong rental appeal, and a location that continues to attract tenants seeking affordability close to employment hubs. Its condition, layout, and accessibility make it an excellent fit for investors looking for stable cash flow in an established rental market.
Each unit features updated finishes including vinyl flooring, updated bathrooms, stainless steel appliances, and open-concept floor plans that provide excellent natural light. In-unit laundry adds everyday convenience for tenants and supports long-term retention. The unit mix is functional and well-suited for workforce housing, making the property especially attractive for both traditional renters and Section 8 housing.
The building has been maintained with ownership efficiency in mind, including a newer roof installed in 2025. Most utilities are separately metered, helping streamline management and control operating expenses. The property also offers ample parking in both the front and rear, a valuable amenity in this centrally located neighborhood.
Positioned just minutes from Downtown Fresno and near Community Regional Medical Center, the property benefits from proximity to one of the area’s largest employment centers, along with access to major transportation routes, public transit, and everyday services. This location supports steady rental demand and long-term occupancy stability.
Diana Street presents a solid, income-producing multifamily asset with practical upgrades, strong rental appeal, and a location that continues to attract tenants seeking affordability close to employment hubs. Its condition, layout, and accessibility make it an excellent fit for investors looking for stable cash flow in an established rental market.
Property Facts
| Price Per Unit | $227,035 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.75% | Building Size | 2,076 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 67% |
| Gross Rent Multiplier | 10.25 | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1981/2023 |
| Property Type | Multifamily | Parking Ratio | 3.37/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-3 - Fresno R-3 | ||
| Price Per Unit | $227,035 CAD |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.25 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,076 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2023 |
| Parking Ratio | 3.37/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 - Fresno R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Refrigerator
- Stainless Steel Appliances
- Range
- Family Room
- Vinyl Flooring
Property Taxes
| Parcel Number | 459-163-12 | Improvements Assessment | $574,449 CAD |
| Land Assessment | $49,644 CAD | Total Assessment | $624,092 CAD |
Property Taxes
Parcel Number
459-163-12
Land Assessment
$49,644 CAD
Improvements Assessment
$574,449 CAD
Total Assessment
$624,092 CAD
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