7089 N Howard

7089 North Howard Street presents a rare opportunity to acquire a fully occupied 5-unit multifamily asset in North Fresno. Built in 1978, the property comprises five spacious 2BD/1BA units at 1,120± SF each (5,600± SF total). All units have been renovated with new LVP flooring, updated kitchens with granite countertops, and refreshed bathrooms.

Investment highlights

Fully Renovated Units: All five units feature new LVP flooring, updated kitchens with granite countertops, refreshed bathrooms with modern vanities—minimizing near-term capital needs.

Rental Upside Opportunity: Proforma rents of $102,000/yr exceed 2025 actuals by ~$12,800, reflecting a repositioning to $1,700/unit market rents across all five units.

Turnkey Investment: With estoppels executed, renovations complete, and four of five units occupied, this is a near-day-one cash-flowing asset —ideal for a 1031 exchange buyer or passive investor.

80% Occupied: Four of five units are occupied by tenantscurrent on rent, each with an executed estoppel certificate on file. The vacant unit offers a buyer immediate upside to lease at market rent.

North Fresno Location: Located in one of Fresno's most desirable residential corridors, near top-rated schools, major retail, and employment centers with strong tenant demand.

Attractive Basis: At $210,000 per unit and a 10.29x GRM on proforma rents, the property offers a competitive entry point relative to recent North Fresno multifamily trades.