3940 E Burns Avenue, Fresno, CA 93725
Local realty services provided by:Better Homes and Gardens Real Estate GoldLeaf
3940 E Burns Avenue,Fresno, CA 93725
$1,175,000
- 16 Beds
- - Baths
- 5,400 sq. ft.
- Multi-family
- Active
Listed by: gautam atri
Office: universal realty services, inc.
MLS#:647009
Source:CA_FMLS
Price summary
- Price:$1,175,000
- Price per sq. ft.:$217.59
About this home
Eight‑Unit Multifamily Investment Opportunity<br>Stabilized Income. Modern Upgrades. Strong Rental Demand. Brand New Roof.<br>This eight‑unit multifamily asset offers a fully 2 Bedroom, 1 Bath, a consistently high‑demand configuration in the Fresno rental market. Every residence has received new interior paint within the last year, creating a clean, uniform presentation across the property.<br><br>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.<div><br></div><div>Unit Mix & Interior Condition:</div><div><br>Unit 1: $1,050, Fresh interior paint<br><br>Unit 2: $1,050, New flooring,Clean interior profile.<br><br>Unit 3: $1,200,</div><div>New flooring,<br>Fully remodeled kitchen with granite and new cabinets,<br>New bathroom.<br><br>Unit 4: $1,175<br>New bathroom,<br>New flooring,<br>New stove.<br><br>Unit 5: $1,250<br>Full renovation completed one year ago,<br>Modern kitchen, bath, flooring, and finishes.<br><br>Unit 6: $1,541<br> No interior upgrades,<br> New windows,<br> New paint,<br> New stove.<br><br>Second Building (Units 7 & 8)<br>Unit 7: $1,090<br><br>Unit 8: $1,025<br> New bathroom,<br> New kitchen with cabinets, granite, and stove.<br> New flooring and new paint.</div><div><br></div><div>Financial Summary<br>Total Monthly Income: $9,381<br>Total Annual Income: $112,572</div><div><br></div><div>Operating Expenses (Annual)<br>Insurance: $4,700<br>Water/Sewer: $3,000<br>Trash: $2,800<br>Electric & Gas (Common): $900<br>Garden Care: $600<br>Pest Control: $600</div><div><br></div><div>Investment Highlights:<br>All units are 2 bed / 1 bath, the strongest rental configuration in this submarket.<br><br>Uniform interior paint across all eight units within the last year.<br><br>Multiple upgraded interiors with new kitchens, granite counters, cabinets, flooring, and bathrooms.<br><br>Stabilized rent roll with strong in‑place income at $9,190/month.<br><br>Clear value‑add runway through modernization of legacy units.<br><br>Attractive pairing opportunity with the adjacent 6‑unit property, enabling a 14‑unit portfolio on one block.<br><br>This eight‑unit asset is ideal for investors seeking a stabilized, income‑producing property with a balanced mix of renovated units and value‑add potential. With strong rents, clean interiors, and a proven upgrade path, the next owner steps into a property with both immediate cash flow and long‑term upside.<br>2452 S 9th St. Fresno CA 93725 - 6 Units, also for Sale Next Door $825,000.00</div>...
Contact an agent
Home facts
- Year built:1963
- Listing ID #:647009
- Added:1 day(s) ago
- Updated:April 12, 2026 at 08:37 PM
Rooms and interior
- Bedrooms:16
- Living area:5,400 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
Structure and exterior
- Roof:Composition
- Year built:1963
- Building area:5,400 sq. ft.
- Lot area:0.29 Acres
- Construction Materials:Stone, Stucco
- Foundation Description:Concrete Perimeter
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,175,000
- Price per sq. ft.:$217.59
Parking
- Parking description:Carport, Covered, Open
New listings near 3940 E Burns Avenue
- New
$825,000Active11 beds -- baths3,976 sq. ft.2452 S 9th Street, Fresno, CA 93725
MLS# 647006Listed by: UNIVERSAL REALTY SERVICES, INC. - New
$382,500Active4 beds -- baths1,905 sq. ft.4648 W Harvard Avenue, Fresno, CA 93722
MLS# 647007Listed by: REALTY CONCEPTS, LTD. - FRESNO - New
$549,900Active3 beds -- baths2,040 sq. ft.9821 N Sierra Vista Avenue, Fresno, CA 93720
MLS# 646970Listed by: REAL BROKER - New
$130,000Active2 beds -- baths864 sq. ft.1550 W Ashlan #104, Fresno, CA 93705
MLS# 646991Listed by: REAL BROKER - New
$549,000Active4 beds -- baths2,208 sq. ft.1510 E Austin Way, Fresno, CA 93704
MLS# 646342Listed by: HYATT REAL ESTATE - New
$499,900Active4 beds -- baths2,068 sq. ft.872 E Spruce Avenue, Fresno, CA 93720
MLS# 646999Listed by: NORTHSTAR PROPERTIES, INC. - New
$499,900Active3 beds -- baths1,589 sq. ft.7990 S Mcmullin Grade, Fresno, CA 93706
MLS# 645890Listed by: ADROIT REAL ESTATE - New
$539,990Active4 beds -- baths2,554 sq. ft.2190 S Terry, Fresno, CA 93725
MLS# 646998Listed by: KB HOME SALES-NORTHERN CALIFORNIA INC - New
$374,999Active3 beds -- baths1,563 sq. ft.4874 E Clinton, Fresno, CA 93726
MLS# 646523Listed by: COMPASS