1008 N Broadway Street, Fresno, CA 93728
Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
Listed by: taylor olson, lucas o. olson
Office: gentile real estate
MLS#:646125
Source:CA_FMLS
Price summary
- Price:$895,000
- Price per sq. ft.:$189.38
About this home
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 $76,800 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 $90,900, 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....
Contact an agent
Home facts
- Year built:2000
- Listing ID #:646125
- Added:118 day(s) ago
- Updated:July 31, 2026 at 07:52 AM
Rooms and interior
- Bedrooms:9
- Kitchen Description:Stove: All units
- Living area:4,726 sq. ft.
Heating and cooling
- Cooling:Central Heat/Cool, Wall/Window Unit(s)
- Heating:Floor or Wall Heat
Structure and exterior
- Roof:Composition
- Year built:2000
- Building area:4,726 sq. ft.
- Construction Materials:Stucco, Wood Siding
- Foundation Description:Concrete Perimeter, Wood Subfloor
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$895,000
- Price per sq. ft.:$189.38
Features and amenities
- Laundry features:In Unit
Parking
- Parking description:Carport
New listings near 1008 N Broadway Street
- New
$800,000Active12 beds -- baths3,640 sq. ft.2020 S 4th Street, Fresno, CA 93702
MLS# 652668Listed by: REALTY ONE GROUP ACTION - Open Sun, 12 to 3pmNew
$379,000Active3 beds -- baths1,571 sq. ft.3745 N Cornelia Avenue, Fresno, CA 93722
MLS# 652722Listed by: REALTY CONCEPTS, LTD. - FRESNO - New
$370,000Active3 beds -- baths1,368 sq. ft.324 S Rabe Avenue, Fresno, CA 93727
MLS# 652725Listed by: PINNACLE REAL ESTATE OF SHAVER LAKE - New
$325,000Active2 beds -- baths1,506 sq. ft.724 E Magill Avenue, Fresno, CA 93710
MLS# 652935Listed by: SUITE ONE REAL ESTATE SERVICES, INC. - New
$350,000Active3 beds -- baths1,264 sq. ft.4046 E Cortland, Fresno, CA 93726
MLS# 652583Listed by: GENTILE REAL ESTATE - New
$775,000Active3 beds -- baths2,833 sq. ft.6707 N Dolores Avenue, Fresno, CA 93711
MLS# 652759Listed by: REALTY CONCEPTS, LTD. - FRESNO - New
$449,900Active5 beds -- baths2,407 sq. ft.3292 N Wheeler Avenue, Fresno, CA 93722
MLS# 652938Listed by: ENVISION REALTY, INC. - New
$249,000Active3 beds 2 baths1,294 sq. ft.4765 N Cedar Avenue #102, Fresno, CA 93726
MLS# 243177Listed by: LEGACY REAL ESTATE INC - New
$145,000Active2 beds -- baths843 sq. ft.4917 N Holt Ave #103, Fresno, CA 93705
MLS# 652726Listed by: REAL BROKER - New
$479,900Active3 beds -- baths1,395 sq. ft.234 N Caesar Avenue, Fresno, CA 93727
MLS# 652858Listed by: IRON KEY REAL ESTATE