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$555,000
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Property Description
Multi-family 4-Unit investment opportunity! 3,060 sq ft with strong rental upside and ideal unit mix: two 2 BD/1BA and two 1BD/1BA (total 6BD/4BA). Two units are currently vacant, and one is expected to be vacant soon, delivering immediate value-add potential. Current and projected rents support approximately. $4,500+/mo gross income. Located near Manchester Center, Fresno State University, Fresno City College, Fresno Pacific University, shopping, dining, and schools. High-demand rental area with proximity to major amenities. Recent data from Apartment List (2025) indicates Fresno's vacancy rate is among the lowest in California, and average rents have steadily increased over the past year. Great opportunity to reposition and maximize returns. With easy access to HWY 41, HWY 99, HWY 168, and HWY 180, this area offers a fast, convenient commute to anywhere in Fresno in minutes.
Full Property Details
Full Property Details for 2840 N 1st St
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General
- Sold For: $555,000
- Status: Closed
- Type: Multi-Family
- Source: BAREIS
- MLS ID: 226600427
- Added to Site: 97 day(s) ago
Additional Information
- Security/Safety: Video System
Parking
- Garage Spaces: 4
- Attached/Detached: 4
- Parking: Garage, Detached, Covered
Location
- Cross Streets: First/Shields
- Driving Directions: Take highway 41 to E Shields to N First St, turn R and property is on the right.
School Information
- School District: Fresno
- Elementary School: Fresno Unified
- Middle School: Fresno Unified
- High School: Fresno Unified
Utilities
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Stucco
- Roof: Composition
- Square Feet: 3,026
- Year Built: 1955
Lot Features
- Lot Size (Acres): 0.2089
- Lot Size (Sq. Ft.): 9,100
Financial Considerations
- Tenant Pays: Gas, Electricity
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2840 N 1st Street, Fresno, CA 93703 (MLS# 226600427) is a Multi-Family property that was sold at $555,000 on May 19, 2026. Want to learn more about 2840 N 1st Street? Do you have questions about finding other Multi-Family real estate for sale in Fresno? You can browse all Fresno real estate or contact a Coldwell Banker agent to request more information.
