2702 E Hedges Avenue, Fresno, CA 93703

Local realty services provided by:ERA Valley Pro Realty
2702 E Hedges Avenue,Fresno, CA 93703
$1,399,000
  • 20 Beds
  • - Baths
  • 5,182 sq. ft.
  • Multi-family
  • Active
Listed by: jin kim
Office: the jkre investment group
MLS#:643364
Source:CA_FMLS

Price summary

  • Price:$1,399,000
  • Price per sq. ft.:$269.97

About this home

Rare chance to acquire a cash-flowing 10-unit property with an adjacent vacant lot and city-approved plans to build 5 additional units. Property is currently fully rented and producing approximately $93,000 in annual NOI, with rents under market and clear upside through rent growth and future development.<br><br>The included entitled lot allows for immediate expansion, with projected post-buildout NOI exceeding $145,000+, creating a strong long-term value-add opportunity. Located in a high-demand rental corridor with low vacancy and low ongoing maintenance.<br><br><b>Seller will consider seller financing</b> with terms more favorable than conventional bank financing. A substantial down payment is required. This structure may provide qualified buyers added flexibility and improved cash flow compared to traditional lending.<br><br>Ideal for<b> 1031 exchange</b> buyers, value-add investors, or developers seeking current income with scalable upside.

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Home facts

  • Year built:1942
  • Listing ID #:643364
  • Added:1 day(s) ago
  • Updated:February 05, 2026 at 01:38 AM

Rooms and interior

  • Bedrooms:20
  • Living area:5,182 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Floor or Wall Heat

Structure and exterior

  • Roof:Composition
  • Year built:1942
  • Building area:5,182 sq. ft.
  • Lot area:0.95 Acres

Utilities

  • Water:Public

Finances and disclosures

  • Price:$1,399,000
  • Price per sq. ft.:$269.97
MLS LogoBased on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS)as of (February 5, 2026). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.Properties may or may not be listed by the office/agent presenting theinformation.

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