Investor Goldmine: 3 Homes on 2.1 Acres with Multi-Strategy Potential
Calling all investors this rare 2.1-acre parcel features three income-producing homes and offers multiple avenues to maximize ROI: monthly rental, rezoning opportunity, or long-term development.
?? Property Overview (2 APNs, sold as one):
1803 Mitchell Ave (southernmost): Cozy 2?bd/1?ba rental generating $1,200/mo.
1815 Mitchell Ave: Classic gem on its own parcel (APN?390-020-63) with central HVAC, original hardwood floors, and vibrant tile countertops. Includes 3 detached outbuildingsideal for workshop space or ancillary income.
1845 Mitchell Ave (northernmost): Spacious 3?bd/1?ba home featuring indoor laundry, expansive living area, fenced yard, 3-car garage, and a metal storage shed. Plusthis house sits adjacent to open ground (included in the acreage) ready for build-out.
?? Why This Property Stands Out:
Cashflow from Day One: Rent all three homes while pursuing rezoning or development.
Development-Ready: Neighboring parcel recently subdivided into single-family lotssets a strong precedent.
Versatility: Ideal for investors specializing in long-term rentals, fix-and-flips, or multifamily development.
?? Highlights & ROI Drivers:
Immediate rental income across all units
Flexible strategies: hold, convert, or redevelop
Existing Homes can be cleaned up & rented out fast
All 3 house on city water. All 3 houses on septic tanks. City sewer at street, buyer to verify the cost & process to connect.
Calling all investors this rare 2.1-acre parcel features three income-producing homes and offers multiple avenues to maximize ROI: monthly rental, rezoning opportunity, or long-term development.
?? Property Overview (2 APNs, sold as one):
1803 Mitchell Ave (southernmost): Cozy 2?bd/1?ba rental generating $1,200/mo.
1815 Mitchell Ave: Classic gem on its own parcel (APN?390-020-63) with central HVAC, original hardwood floors, and vibrant tile countertops. Includes 3 detached outbuildingsideal for workshop space or ancillary income.
1845 Mitchell Ave (northernmost): Spacious 3?bd/1?ba home featuring indoor laundry, expansive living area, fenced yard, 3-car garage, and a metal storage shed. Plusthis house sits adjacent to open ground (included in the acreage) ready for build-out.
?? Why This Property Stands Out:
Cashflow from Day One: Rent all three homes while pursuing rezoning or development.
Development-Ready: Neighboring parcel recently subdivided into single-family lotssets a strong precedent.
Versatility: Ideal for investors specializing in long-term rentals, fix-and-flips, or multifamily development.
?? Highlights & ROI Drivers:
Immediate rental income across all units
Flexible strategies: hold, convert, or redevelop
Existing Homes can be cleaned up & rented out fast
All 3 house on city water. All 3 houses on septic tanks. City sewer at street, buyer to verify the cost & process to connect.
Property Details
Price:
$685,000
MLS #:
FR25144213
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Triplex
Listed Date:
Oct 1, 2025
Total Sq Ft:
1,175
Lot Size:
79,715 sqft / 1.83 acres (approx)
Year Built:
1940
See this Listing
Schools
Interior
Cooling
CA, EV
Heating
CF
Laundry Features
IN
Exterior
Community Features
RUR, VLY
Parking Spots
5
Financial
Map
Community
- AddressMitchell AV Selma CA
- CitySelma
- CountyFresno
- Zip Code93662
Market Summary
Current real estate data for Single Family in Selma as of Nov 04, 2025
6
Single Family Listed
22
Avg DOM
318
Avg $ / SqFt
$452,333
Avg List Price
Property Summary
- Mitchell AV Selma CA is a Single Family for sale in Selma, CA, 93662. It is listed for $685,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1940. The average price per square foot for Single Family listings in Selma is $318. The average listing price for Single Family in Selma is $452,333.
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Courtesy of Universal Lending and Realty, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.Mitchell AV
Selma, CA