$1,399,000

2702 E Hedges Avenue, Fresno, CA 93703

  • 20 beds |
  • 10 baths |
  • 5,182 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1942
  • Property Lot Size Icon0.96acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $270/sqft
  • Property List Date Icon Listed 18 days ago

Property Description

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.

Listing Status:
Active
Data Last Updated:
February 15, 2026 at 8:20PM
Listing Office:
The JKRE Investment Group : 559-212-4489
Listing Agent:
Jin Kim : 559-212-4489
MLS ID:
643364
  • A/C: Wall/Window Unit(s)
  • Heating: Floor or Wall Heat
  • Fireplace: None
  • Parking: Open
  • Roofing: Composition
  • General: StuccoOneConcrete Perimeter
  • Originating MLS: Fresno MLS
  • School District: Fresno Unified
  • County: Fresno
  • Zoning: 45131201
  • Utilities: Public UtilitiesOn
  • Water: Public
  • Source: Fresno MLS

This listing courtesy of Jin Kim , The JKRE Investment Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Webster Elementary School

2600 E Tyler Ave, Fresno, CA, 93701

Grades PK-6

0.28 miles away

T

Tehipite Middle School

630 N Augusta St, Fresno, CA, 93701

Grades 7-8

0.51 miles away

J

J. E. Young Academic Center

822 N Abby St, Fresno, CA, 93701

Grades KG-12

0.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.