$2,164,000
3109 3119 N Thorne Avenue
Fresno, CA, 93704
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.
Property Details
Price:
$2,164,000
MLS #:
641090
Status:
Pending
Beds:
32
Baths:
24
Type:
Multi Family
Subtype:
16 Units & More
Neighborhood:
704
Listed Date:
Dec 15, 2025
Finished Sq Ft:
17,472
Lot Size:
26,325 sqft / 0.60 acres (approx)
Year Built:
1966
Schools
School District:
Fresno Unified
Interior
Exterior
Financial
With over 25 years of experience as a successful attorney in California and a proven track record as a real estate broker since 2015, I bring a unique combination of legal expertise and market insight to every transaction. My career is built on a foundation of dedication, integrity, and a deep understanding of both the legal and real estate landscapes. As an attorney, I’ve honed my negotiation and advocacy skills, ensuring the best outcomes for my clients. As a real estate broker, I’ve seaml…
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Current real estate data for Multi Family in Fresno as of Jan 26, 2026
53
Multi Family Listed
118
Avg DOM
195
Avg $ / SqFt
$805,513
Avg List Price
Community
- Address3109 3119 N Thorne Avenue Fresno CA
- CityFresno
- CountyFresno
- Zip Code93704
Similar Listings Nearby
Property Summary
- 3109 3119 N Thorne Avenue Fresno CA is a Multi Family for sale in Fresno, CA, 93704. It is listed for $2,164,000 To schedule a showing of MLS#641090 at 3109 3119 N Thorne Avenue in Fresno, CA, contact your Valley Harvest Properties agent at 5597797132.

3109 3119 N Thorne Avenue
Fresno, CA


