$1,175,000
3940 E Burns Avenue
Fresno, CA, 93725
Eight Unit Multifamily Investment Opportunity. Great Income, Modern Upgrades, Strong Rental Demand, Brand New Roof, Brand New Paint, newer AC units.This 8 unit multifamily asset offers a full 2 Bedroom, 1 Bath configuration, a consistently high demand layout in the Fresno rental market. Every residence has received new interior paint within the last year, creating a clean and uniform presentation across the property. The building reflects ongoing ownership care, with a mix of upgraded interiors, modernized kitchens and baths, and strong in place rents. This is a stabilized, income producing asset with clear upside through continued modernization of legacy units.Unit Mix and Interior Condition:Unit 1: $1,400. Fresh interior paint, new floors.Unit 2: $1,050. New flooring. Clean interior profile.Unit 3: $1,200. New flooring. Fully remodeled kitchen with granite and new cabinets. New bathroom.Unit 4: $1,175. New bathroom. New flooring. New stove.Unit 5: $1,250. Full renovation completed one year ago. Modern kitchen, bath, flooring, and finishes.Unit 6: $1,541. New windows. New paint. New stove. (Hosing Voucher)Second Building (Units 7 and 8):Unit 7: $1,090. Unit 8: $1,025. New bathroom. New kitchen with cabinets, granite, and stove. New flooring and new paint.Financial Summary:Total Monthly Income: $9,731.00Total Annual Income: $116,772Operating Expenses (Annual):Insurance: $4,700Water and Sewer: $3,000Trash: $2,800Electric and Gas (Common): $900Garden Care: $600Pest Control: $600Investment Highlights:Brand new Roof.Brand new outdoor paint.All units are 2 bed and 1 bath, the strongest rental configuration in this submarket.Uniform interior paint across all eight units within the last year.Multiple upgraded interiors with new kitchens, granite counters, cabinets, flooring, and bathrooms.Stabilized rent roll with strong in place income.Clear value add runway through modernization of legacy units.This 8 unit asset is ideal for investors seeking an income producing property with a balanced mix of renovated units and value add potential. There is room for improvements in the rents.
Property Details
Price:
$1,175,000
MLS #:
647009
Status:
Active
Beds:
16
Baths:
8
Type:
Multi Family
Subtype:
5 to 15 Units
Neighborhood:
725
Listed Date:
Apr 12, 2026
Finished Sq Ft:
5,400
Lot Size:
12,760 sqft / 0.29 acres (approx)
Year Built:
1963
Schools
School District:
Fresno Unified
Interior
Exterior
Financial
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Current real estate data for Multi Family in Fresno as of Aug 04, 2026
85
Multi Family Listed
92
Avg DOM
217
Avg $ / SqFt
$1,003,666
Avg List Price
Community
- Address3940 E Burns Avenue Fresno CA
- CityFresno
- CountyFresno
- Zip Code93725
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Property Summary
- 3940 E Burns Avenue Fresno CA is a Multi Family for sale in Fresno, CA, 93725. It is listed for $1,175,000 To schedule a showing of MLS#647009 at 3940 E Burns Avenue in Fresno, CA, contact your Valley Harvest Properties agent at 5597797132.

3940 E Burns Avenue
Fresno, CA


