840 E Brown Ave - Apartments FOR SALE


Fresno, CA 93704- Maroa
$2,300,000 USD
559-351-5757
840 E Brown Ave, Fresno, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/19
null | 6.54% Cap Rate

840 E Brown Ave
Fresno, CA 93704
Maroa


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

17

PRICE/UNIT

$135,294

CAP RATE

6.54%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Normandy Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,349 SF

ZONING

RS5

APN/PARCEL ID

443-244-15,443-253-01

ASK ABOUT THIS PROPERTY

John SuzukiJames Hendricks and AssociatesMore Info
559-351-5757

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John SuzukiJames Hendricks and AssociatesMore Info
559-351-5757

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