1008 N Broadway Street, Fresno, CA 93728
Local realty services provided by:ERA Valley Pro Realty
1008 N Broadway Street,Fresno, CA 93728
$875,000
- 9 Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: taylor olson, lucas o. olson
Office: gentile real estate
MLS#:646125
Source:CA_FMLS
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Price summary
- Price:$875,000
About this home
This well-located five-unit multifamily investment opportunity presents investors with the chance to acquire an income-producing asset in Fresno, California. The property consists of five residential units across two structures located at 1008 Broadway St, positioned near the revitalizing Tower District corridor, known for strong rental demand and continued neighborhood investment. Each unit is individually metered for utilities, providing operational efficiency and reduced expense exposure for ownership. The property also features a covered carport, offering tenants convenient off-street parking and added rental appeal.The property currently generates $76,800 in annual gross rental income, with clear upside potential through rental adjustments toward market levels. Based on current rental trends in the surrounding area, the property offers the potential to increase annual gross income to approximately $90,900, creating a compelling value-add opportunity for investors seeking both stable cash flow and long-term appreciation.The property features a desirable unit mix consisting of three 2-bedroom / 1.5-bath units that were built in 2000 and an older build that consists of two additional units including a 2-bedroom / 1-bath and a 1-bedroom / 1-bath, appealing to a broad tenant base and supporting consistent occupancy. All units have their own designated laundry.This also offers investors the benefit of newer construction compared to much of the surrounding housing stock, which is largely comprised of mid-century properties. Newer construction often translates into lower long-term maintenance requirements and strong tenant appeal. Situated in an established residential neighborhood with convenient access to employment centers, restaurants, retail, and entertainment within the Tower District, the property benefits from strong rental fundamentals and the continued growth of the Fresno metropolitan area. Tenants enjoy easy walking distance to restaurants and events in Tower District....
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Home facts
- Year built:2000
- Listing ID #:646125
- Added:134 day(s) ago
- Updated:August 16, 2026 at 06:42 AM
Rooms and interior
- Bedrooms:9
- Kitchen Description:Stove: All units
Heating and cooling
- Cooling:Central Heat/Cool, Wall/Window Unit(s)
- Heating:Floor or Wall Heat
Structure and exterior
- Roof:Composition
- Year built:2000
- Construction Materials:Stucco, Wood Siding
- Foundation Description:Concrete Perimeter, Wood Subfloor
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$875,000
Features and amenities
- Laundry features:In Unit
Parking
- Parking description:Carport
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