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.
Property Details
Price:
$1,399,000
MLS #:
643364
Status:
Pending AcceptBackup
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 Jun 07, 2026
86
Multi Family Listed
73
Avg DOM
200
Avg $ / SqFt
$985,097
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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