402 N Poplar Ave - Apartments FOR SALE


Fresno, CA 93701- Lowell
$799,900 USD
760-987-5332
402 N Poplar Ave, Fresno, CA for Sale
$799,900 USD
Apartments - FOR SALE
1/10
null | 6% Cap Rate

402 N Poplar Ave
Fresno, CA 93701
Lowell


HIGHLIGHTS

  • Clean termite inspection from March 24, 2026
  • Turnkey investment
  • Located near Downtown Fresno and the Tower District
  • On-site laundry room for extra income
  • Low operational expenses

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$235 USD /SF

# OF UNITS

4

PRICE/UNIT

$199,975

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,250 SF

ZONING

RS5

APN/PARCEL ID

459-055-17

ASK ABOUT THIS PROPERTY

Jeffrey KimColliersMore Info
760-987-5332

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Jeffrey KimColliersMore Info
760-987-5332

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