Home | Fresno County | Fresno | 93703 | 2842 N First St
MLS: ML82016163 | Status: Sold | Price: $549,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 3,026 | 9,100 | 1951 |
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.
| Field | Value |
|---|---|
| MLS # | ML82016163 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Kitchen | Exhaust Fan |
| Appliances | Exhaust Fan, Garbage Disposal, Oven Range, Refrigerator, Washer/Dryer |
| Flooring | Laminate, Tile |
| Cooling | Window/Wall Unit |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Attached Garage, Garage: 3 Car(s) |
| Elementary District | Fresno Unified |
| High School District | Fresno Unified |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | R3 |
Robert M. Balina
Synergize Realty
License #: 01263881
Phone: (408) 750-6425
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | – | 2 | 1/0 | $1,300 |
| 2 | – | 1 | 1/0 | $1,179 |
| 3 | – | 1 | 1/0 | $1,075 |
| 4 | – | 2 | 1/0 | $924 |
School data provided by GreatSchools.org
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This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Robert M. Balina, (408) 750-6425.