Exceptional investment opportunity in the heart of Clovis. This large triplex offers an outstanding opportunity to acquire a well-located multifamily asset that rarely trades in the open market. Situated within the highly sought-after Clovis Unified School District, the property benefits from consistent tenant demand and strong long-term fundamentals. Each of the three units are 2 bed/1.5 bath townhome-style, offering 1,360 square feet of living space, well above the average for the submarket. Each unit also includes a detached single-car garage, a feature tenants value and differentiate this asset from competing rentals.Current rents are estimated to be 25-30% below market, providing a clear and immediate value-add opportunity through straightforward rent increases at turnover.Additionally, the property presents an opportunity to implement a RUBS (Ratio Utility Billing System) program to recapture utility costs currently absorbed by ownership, further improving net operating income.An April 2026 termite inspection report and due diligence folder are available upon request. Do not disturb tenants.
Property Type
Multi Family
Property Subtype 1
Triplex
Year Built
1985
Region
Suburban
Stories
Two
Total Units
3
Price Per Square Foot
$196
Price Per Acre
$4,645,180
Days On London
0
Cumulative Days On London
0
County
Fresno
Documents Available
Pest
Special Features
Laundry in Each Unit
REO / Bank Owned
No
Cross Street Address
3rd St/Clovis Ave
Directions
From EB 168 Fwy, exit Bullard Ave and head east. Continue east on Bullard Ave as it turns into 5th St. Turn Left on Clovis Ave. Then turn right on 3rd St and head east. Turn Left on Osmun Ave. 264 Osmun Ave is on your immediate left.
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Courtesy of Jin Kim, The JKRE Investment Group - [email protected] Last modified 3 hours ago Fresno MLS last checked for updates 7 minutes ago
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