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Normandy Village 840 E Brown Ave 17 Unit Apartment Building $3,137,752 CAD ($184,574 CAD/Unit) 6.54% Cap Rate Fresno, CA 93704



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.
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
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 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,625,754 CAD (2025) | |
| Land Assessment | $252,825 CAD (2025) | Annual Taxes | -$1 CAD (-$0.01 CAD/SF) |
| Improvements Assessment | $1,372,929 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
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
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Normandy Village | 840 E Brown Ave
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