Here’s a multifamily 4-plex in the vibrant McLane neighborhood of Fresno. This turnkey property offers a rare combination of modern upgrades and strong cash flow potential, and close to city amenities. A large property with over 3,060 sqft updated to attract quality tenants and minimize maintenance costs. Updated units include laminate wood flooring, new countertops, appliances, and contemporary fixtures. Fresnos rental market is booming, ranking as the 9th most competitive rental market in the nation with a low vacancy rate of just 2.9%, tying for the 6th lowest in the U.S. (Forbes, 2024). Since 2019, fair market rents in Fresno have surged by 50%, with average rents now at $1,285/month and ranging up to $1,907/month depending on unit size and location (Apartments.com). This property is walking distance to Manchester Center, a large mall with a movie theater and weekly farmers market. Close to local favorites like Blackbeards Family Entertainment, Fresno State University, and Fresno Pacific University, ideal for student or faculty tenants. All units are 100% fully occupied with some Section 8 tenants with Fresno County Housing Authority.
Property Details
Price:
$549,000
MLS #:
ML82016163
Status:
Pending
Baths:
0
Address:
2842 N First Street
Type:
Residential Income
Subtype:
Quadruplex
City:
Fresno
Listed Date:
Jul 28, 2025
State:
CA
ZIP:
93703
Lot Size:
9,100 sqft / 0.21 acres (approx)
Year Built:
1951
See this Listing
Mortgage Calculator
Schools
Interior
Accessibility Features
None
Appliances
Vented Exhaust Fan, Disposal, Refrigerator
Cooling
Wall/ Window Unit(s)
Flooring
Laminate, Tile
Heating
Wall Furnace
Exterior
Foundation Details
Slab
Garage Spaces
3.00
Parking Spots
0.00
Roof
Composition
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Taxes
$4,300
Map
Community
- Address2842 N First Street Fresno CA
- CityFresno
- CountyFresno
- Zip Code93703
Similar Listings Nearby

2842 N First Street
Fresno, CA
LIGHTBOX-IMAGES