- For Sale $1,100,000
- Property Type Multi-Family
- Property Size 5,600 SF
- Units 5
- Year Built 1978
- Date Updated Sep 8, 2026
Description
7089 North Howard Street presents a rare opportunity to acquire a fully occupied 5-unit multifamily asset in North Fresno. Built in 1978, the property comprises five spacious 2BD/1BA units at 1,120± SF each (5,600± SF total). All units have been renovated with new LVP flooring, updated kitchens with granite countertops, and refreshed bathrooms.
Investment highlights
Fully Renovated Units: All five units feature new LVP flooring, updated kitchens with granite countertops, refreshed bathrooms with modern vanities—minimizing near-term capital needs.
Rental Upside Opportunity: Proforma rents of $102,000/yr exceed 2025 actuals by ~$12,800, reflecting a repositioning to $1,700/unit market rents across all five units.
Turnkey Investment: With estoppels executed, renovations complete, and four of five units occupied, this is a near-day-one cash-flowing asset —ideal for a 1031 exchange buyer or passive investor.
80% Occupied: Four of five units are occupied by tenantscurrent on rent, each with an executed estoppel certificate on file. The vacant unit offers a buyer immediate upside to lease at market rent.
North Fresno Location: Located in one of Fresno's most desirable residential corridors, near top-rated schools, major retail, and employment centers with strong tenant demand.
Attractive Basis: At $210,000 per unit and a 10.29x GRM on proforma rents, the property offers a competitive entry point relative to recent North Fresno multifamily trades.
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Contacts
Fortune Associates
Location
Located at 7089 N Howard, Fresno, CA 93720, this property is part of the Audubon Wedge neighborhood and Central Valley market.
Fortune Associates