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1985 N Winery Ave

Fresno, CA 93703

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$4,400,000

55 bd
  |  
42 ba
  |  
24,225 sq ft
  |  
0.93 acre

1985 N Winery Ave

Fresno, CA 93703

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Listed On: 05/15/2026
Status: Active
Listing Number: 648834 (Fresno MLS)

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Presented By:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Prime Fresno LocationThe property is strategically located at 1985 N Winery Ave, placing it within the immediate sphere of Fresno's most vital educational and retailhubs. It is situated just minutes from California State University, Fresno (25,000+ students) and Fresno City College, providing a consistent poolof student and faculty renters.Strong Multifamily MarketThe Fresno multifamily market continues to show robust performance. Asking rents in the Central Valley grew by 1.8% annually, and forecastsindicate continued appreciation through 2026. With vacancy rates remaining exceptionally tightreaching as low as 2.5% in neighboringcountiesVilla Capri is well-positioned to benefit from the region's chronic undersupply of quality rental housing.Regional Employment and expansionFresno serves as the economic heart of the Central Valley, recently adding 7,600 new jobsthe largest net gain in the region. The localeconomy is supported by a diverse array of industries, including healthcare, education, and a massive logistics sector anchored by Amazon,Target, and Walmart. The recent $150 million expansion of the Fresno Yosemite International Airport (FAT) further solidifies the area as agrowing hub for commerce and travel, driving sustained household formation and rental demand.Villa Capri features a highly efficient unit mix, with 92% of the property comprised of spacious two-bedroom floor plans (split evenly between2BD/1BA and 2BD/2BA). This configuration is the most sought-after in the Fresno market, appealing to a wide range of renters from smallfamilies to roommates. The two-building, garden-style layout on a 0.93-acre site offers a manageable scale for investors, while the uniformfloor plans help minimize ongoing maintenance and turnover expenses.
Property Type
Multi Family
Property Subtype 1
16 Units & More
Year Built
1971
Region
Urban
Stories
Two
Total Units
28
Price Per Square Foot
$182
Price Per Acre
$4,755,728
Days On London
5
Cumulative Days On London
5
County
Fresno
REO / Bank Owned
No
Cross Street Address
E Shields Ave
Directions
From Highway 180, exit Winery Ave and head south. Property is on the east side of N Winery Ave, south of E Shields Ave.
Heat / Cool
Central Heat/Cool
Roofing
Composition
Foundation
Concrete Perimeter
Fireplace
None
Exterior
Stucco
Yard
Fenced
Refrigerator
All Units
Stove
All units
Dishwasher
None
Disposal
None
Gas & Electric
Public Utilities, Natural Gas
Sewer / Water
Public Water, Public Sewer
Are there garage spaces?
No
APN
494 152 23 [PARCEL MAP]
School District
Fresno Unified
School Type 1
High School
School Name 1
McLane
School Type 2
Junior High School
School Name 2
Scandinavian
School Type 3
Grade School
School Name 3
Ericson
Seller Will Consider
Conventional, Cash
Tenant Pays
All Utilities
Income Includes
Unit Rent, Laundry
Expenses Include
Insurance, Water, Taxes, Vacancy Factor
Sources of Inc / Exp
Projected
Census Tract
2.000

Courtesy of Brendan Kane, Brendan Kane Real Estate - [email protected]
Last modified 2 days ago
Fresno MLS last checked for updates 13 minutes ago

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

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