1008 N Broadway St, Fresno, CA

House

For Sale

Listed price in listed location currency (USD).

$965,000

900

MLS® 646125

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 4726 sqft

Garage

Taxes

Days Active 6

Lot Size

Approx. Age 2000

Avg. Price Per Sqft $204

MLS® Number 646125

Property Address: 1008 N Broadway St, Fresno, CA, 93728-3313

Average square foot calculated using Size range provided by listing agent.

Description

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 $75, 000 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 $88, 200, 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.

MLS® Number646125

Laundry LevelEnsuite

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2000

Basement

DrivewayCarport

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 3, 2026List Date

$965,000List Price

Commute

Commute

Starting Address

Destination Address

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