SoldApr 3, 2026

Listed by Dustin Ilic from Visintainer Group

Source: Fresno Association of Realtors #641090

3109 North Thorne Avenue, Fresno, CA, 93704

$1,850,000

32
17472 sq. ft.
26325 sq. ft.

MultiFam

21 days on the market

Sold: Apr 3, 2026

What's around 3109 North Thorne Avenue

About this property

16-Unit Complex - All 2 Bed 1.5 Bath Townhomes - Strong Value-Add Opportunity Current rents are approximately 45% below market, presenting a compelling opportunity to unlock substantial upside in revenue, cash flow, and overall asset value. Investors can drive income growth through natural lease turnover, light interior improvements, and by reactivating the on-site laundry room to capture additional ancillary income.Desirable, High-Demand Unit Mix: The property consists entirely of 2-bedroom / 1.5-bath townhomes, each over 1,100 SF - a unit type in high demand among families and long-term renters. These larger floorplans tend to attract strong tenants, reduce turnover, and maximize occupancy and net operating income while minimizing annual turnover expenses. Prime Central Fresno Location with High Renter Demand:Ideally located across from Dailey Elementary Charter School and within 1.5 miles of FresnoHigh School and Fresno City College, the property is well-suited for families and students. It is also within 2 miles of the Tower District and 2.5 miles of Fig Garden Village - two of Fresno's top dining, retail, and lifestyle corridors. These location advantages contribute to strong, consistent renter demand and support long-term value growth.Minimal Near-Term CapEx with Recent Improvements: Major capital improvements have already been completed, including a newly repaved parking lot in 2024, annual roof servicing, and electrical subpanel upgrades in most units. The property has been maintained and presents minimal short-term capital expenditure risk, giving investors the ability to focus on revenue growth from day one.

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Other property sold by Visintainer Group

SoldMay 18, 2026
$715,000
430 E Acacia St
Stockton CA 95202
12
Multi-Family
Listing courtesy of Visintainer Group

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