Rare chance to acquire a cash-flowing 10-unit property with an adjacent vacant lot and city-approved plans to build 5 additional units. Property is currently fully rented with rents under market and clear upside through rent growth and future development.
The included entitled lot allows for immediate expansion, with projected post-buildout income exceeding $200k+, creating a strong long-term value-add opportunity. Located in a high-demand rental corridor with low vacancy and low ongoing maintenance.
Seller will consider seller financing with terms more favorable than conventional bank financing. A substantial down payment is required. This structure may provide qualified buyers added flexibility and improved cash flow compared to traditional lending.
Ideal for 1031 exchange buyers, value-add investors, or developers seeking current income with scalable upside.
The included entitled lot allows for immediate expansion, with projected post-buildout income exceeding $200k+, creating a strong long-term value-add opportunity. Located in a high-demand rental corridor with low vacancy and low ongoing maintenance.
Seller will consider seller financing with terms more favorable than conventional bank financing. A substantial down payment is required. This structure may provide qualified buyers added flexibility and improved cash flow compared to traditional lending.
Ideal for 1031 exchange buyers, value-add investors, or developers seeking current income with scalable upside.
Property Details
Price:
$1,399,000
MLS #:
643364
Status:
Active
Beds:
20
Baths:
10
Type:
Multi Family
Subtype:
5 to 15 Units
Neighborhood:
703
Listed Date:
Jan 28, 2026
Finished Sq Ft:
5,182
Lot Size:
41,600 sqft / 0.96 acres (approx)
Year Built:
1942
See this Listing
Schools
School District:
Fresno Unified
Interior
Exterior
Financial
Map
Community
- Address2702 E Hedges Avenue Fresno CA
- CityFresno
- CountyFresno
- Zip Code93703
Market Summary
Current real estate data for Multi Family in Fresno as of Mar 07, 2026
60
Multi Family Listed
92
Avg DOM
211
Avg $ / SqFt
$883,434
Avg List Price
Property Summary
- 2702 E Hedges Avenue Fresno CA is a Multi Family for sale in Fresno, CA, 93703. It is listed for $1,399,000
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