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402 N Poplar Ave 4 Unit Apartment Building $1,033,467 CAD ($258,367 CAD/Unit) 6.62% 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
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.
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.
Property Facts
| Price | $1,033,467 CAD | Building Class | C |
| Price Per Unit | $258,367 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,402 SF |
| Cap Rate | 6.62% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1979 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | RS5 - Residetial | ||
| Price | $1,033,467 CAD |
| Price Per Unit | $258,367 CAD |
| Sale Type | Investment |
| Cap Rate | 6.62% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,402 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Opportunity Zone |
Yes |
| Zoning | RS5 - Residetial |
Amenities
Site Amenities
- Fenced Lot
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 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 | $730,240 CAD |
| Land Assessment | $62,592 CAD | Total Assessment | $792,832 CAD |
Property Taxes
Parcel Number
459-055-17
Land Assessment
$62,592 CAD
Improvements Assessment
$730,240 CAD
Total Assessment
$792,832 CAD
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402 N Poplar Ave
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