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Investment Highlights

  • Stabilized occupancy (at or near 100%) Immediate cash flow, with upside.
  • Potential Mills Act tax advantages (buyer to verify)
  • 17 Units 16-Unit plus adjacent 2/1 home Courtyard Apartment Community

Executive Summary

Normandy Village Apartments is a rare, historically significant multifamily asset featuring a beautifully landscaped courtyard layout with six individual buildings oriented around shared interior gardens—creating a strong sense of community and exceptional curb appeal.
The property has recently undergone capital improvements, including exterior paint and dry-rot repairs, enhancing its condition while preserving its distinctive historic character.
The offering includes 17 total units—a 16-unit courtyard apartment community plus an adjacent 2-bedroom / 1-bath single-family home—providing additional income diversification.
Ideally located near Fresno’s vibrant Tower District, the property is within walking distance to dining, entertainment, and cultural amenities, making it one of the city’s most desirable rental locations. A true landmark asset, Normandy Village has been admired for nearly a century and continues to attract tenants seeking charm, walkability, and an authentic residential experience.

Financial Summary (Actual - 2026) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
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 (Actual - 2026) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $3,137,752 CAD
Price Per Unit $184,574 CAD
Sale Type Investment
Cap Rate 6.54%
Sale Condition 1031 Exchange
Gross Rent Multiplier 8.98
No. Units 17
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.90 AC
Building Size 88 SF
Average Occupancy 93%
No. Stories 2
Year Built/Renovated 1948/2017
Parking Ratio 10/1,000 SF
Opportunity Zone Yes
Zoning RS5

Amenities

Unit Amenities

  • Fireplace
  • Heating
  • Kitchen
  • Refrigerator
  • Oven

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 - 732
1+1 16 - 772
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 443-244-15
  • 443-253-01
Land Assessment
$252,825 CAD (2025)
Improvements Assessment
$1,372,929 CAD (2025)
Total Assessment
$1,625,754 CAD (2025)
Annual Taxes
-$1 CAD (-$0.01 CAD/SF)
Tax Year
2026
  • Listing ID: 38610006

  • Date on Market: 2025-12-01

  • Last Updated:

  • Address: 840 E Brown Ave, Fresno, CA 93704

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