2702 E Hedges Avenue
Fresno, CA, 93703
$1,399,000
20 Beds
10 Baths
5,182 SqFt
0.96 Acres
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MLS #643364 image #0
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:
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
Fresno Unified

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Fresno Unified

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Market Summary

Current real estate data for Multi Family in Fresno as of Apr 23, 2026
69
Multi Family Listed
102
Avg DOM
202
Avg $ / SqFt
$913,305
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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