329 N Diana St - Multi-Family FOR SALE


Fresno, CA 93701- Jefferson
$498,000 USD
818-400-9292
329 N Diana St, Fresno, CA for Sale
$498,000 USD
Multi-Family - FOR SALE
1/6
null | 6.75% Cap Rate

329 N Diana St
Fresno, CA 93701
Jefferson


HIGHLIGHTS

  • Newly Remodeled in 2023.
  • Brand New Roof in 2025 with Warranty
  • Central HVAC
  • Originally built in 1981
  • In unit Washer and Dryer
  • Stainless Steel Appliances

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$498,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

3

PRICE/UNIT

$166,000

CAP RATE

6.75%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Diana St

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

6

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-3

APN/PARCEL ID

459-163-12

ASK ABOUT THIS PROPERTY

Kunal SethiSync Brokerage, IncMore Info
818-400-9292

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Kunal SethiSync Brokerage, IncMore Info
818-400-9292

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.