1008 N Broadway St

Fresno CA 93728

4726 sq. ft.

11325.6 sq. ft.

Multi-Family

Last sold for $875,000

Taylor Olson, last sold this property on 11 August 2026 after 129 days on market.

Overview

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.

Features

9 bedrooms

4726 sq. ft. floor area

11325.6 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 9 bedroom multi families sold in Fresno over the last 12 months.

Property history for 1008 N Broadway St

2026

Sold

$875,000

11 Aug 2026 by Taylor Olson, of Gentile Real Estate

2018

Sold

$585,000

10 Jun 2018

Happy sellers in Fresno

We have insufficient information to provide an overview of customer satisfaction for Fresno. Viewing the agent profiles, reviews and sales for Fresno can provide insights for this location.