Prime Investment Opportunity - 3.73 Acres on Reed Avenue!
Calling all investors and developers! This exceptional property offers huge potential in a growing area within the Sphere of Influencejust steps from the scenic Kings River.
Lot Size: 3.73 acres
Current Units: 3 existing rental units
Development Potential: Ample space to add more units (buyer to verify zoning and development guidelines)
Location: Quiet, desirable area near natural surroundings, yet close to town amenities
Aerial imagery highlights the expansive lot, proximity to the Kings River, and surrounding open landideal for future development. This is your chance to secure a rare, versatile piece of real estate in a highly desirable location.
Whether you're looking to expand your rental portfolio or develop a new project, this property is a rare find.
Do not disturb tenants. Drive by onlycontact us for more information or to schedule a private showing.
Sold for $625,000
$625,000
10861 S Reed Ave, Reedley, CA 93654
4beds
2baths
5,799sqft
Multi Family, Triplex
Built in 1960
-- sqft lot
$625,600 Zestimate®
$108/sqft
$1,664 Estimated rent
Home value
$625,600
$569,000 - $688,000
$1,664/mo
Zestimate® history
Owner options
List your home for rent
$1,664/mo
Rent Zestimate®
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$1,664/mo
Rent Zestimate®
Refinance and save
$4,041/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,041/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Tyler D. Kusch DRE #02008418 559-905-4780,
Valley Land & Investment Co.,
Ronald Kusch DRE #00945565 559-905-5304,
Valley Land & Investment Co.
Bought with:
Edward Escobar, DRE #01372044
Bloom Group, Inc.
Source: Fresno MLS,MLS#: 629679Originating MLS: Fresno MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Floor or Wall Heat
Cooling
- Evaporative Cooling
Features
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 5,799
- Total interior livable area: 5,799 sqft
Property
Parking
- Parking features: Garage - Attached
- Has attached garage: Yes
Features
- Levels: Multi/Split
Lot
- Size: 3.73 Acres
- Features: Urban
Details
- Parcel number: 36518119
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Triplex
Materials
- Stucco
- Foundation: Wood Subfloor
- Roof: Composition
Condition
- Year built: 1960
Utilities & green energy
- Water: Private
- Utilities for property: Public Utilities
Community & HOA
Location
- Region: Reedley
Financial & listing details
- Price per square foot: $108/sqft
- Tax assessed value: $348,464
- Annual tax amount: $4,240
- Date on market: 5/5/2025
- Cumulative days on market: 168 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
- Tenant pays: Electricity
- Income includes: Unit Rent, Month to Month
Price history
| Date | Event | Price |
|---|---|---|
| 12/22/2025 | Sold | $625,000$108/sqft |
Source: Fresno MLS #629679 Report a problem | ||
| 10/20/2025 | Pending sale | $625,000$108/sqft |
Source: Fresno MLS #629679 Report a problem | ||
| 7/28/2025 | Price change | $625,000-25.6%$108/sqft |
Source: Fresno MLS #629679 Report a problem | ||
| 6/2/2025 | Price change | $840,000-5.1%$145/sqft |
Source: Fresno MLS #629679 Report a problem | ||
| 5/5/2025 | Price change | $885,000+96.7%$153/sqft |
Source: Fresno MLS #629679 Report a problem | ||
| 12/9/2020 | Listed for sale | $450,000+80%$78/sqft |
Source: Guarantee Real Estate #551710 Report a problem | ||
| 4/22/2005 | Sold | $250,000$43/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,240 +1.4% | $348,464 +2% |
| 2024 | $4,181 +0.6% | $341,632 +2% |
| 2023 | $4,155 +0.4% | $334,934 +2% |
| 2022 | $4,139 +25.2% | $328,368 +22.6% |
| 2021 | $3,305 -0.3% | $267,800 +1% |
| 2020 | $3,315 +4.5% | $265,100 +2% |
| 2019 | $3,172 -3.8% | $260,000 +2% |
| 2018 | $3,296 +9.2% | $255,000 +2% |
| 2017 | $3,018 +27.3% | $250,000 +40% |
| 2016 | $2,371 +9.7% | $178,582 +1.5% |
| 2015 | $2,161 -3.2% | $175,900 +4.9% |
| 2014 | $2,233 | $167,700 +10% |
| 2013 | -- | $152,500 +9.9% |
| 2012 | -- | $138,700 -5.1% |
| 2011 | -- | $146,100 |
| 2010 | -- | $146,100 |
| 2009 | -- | $146,100 -44.9% |
| 2008 | -- | $265,301 +2% |
| 2007 | -- | $260,100 +2% |
| 2006 | -- | $255,000 +108.2% |
| 2005 | -- | $122,464 +2% |
| 2004 | -- | $120,064 +1.9% |
| 2003 | -- | $117,865 +2% |
| 2002 | -- | $115,555 +2% |
| 2001 | $1,063 | $113,290 |
Find assessor info on the county website
Neighborhood: 93654
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Nearby schools
GreatSchools rating
- 7/10Riverview Elementary SchoolGrades: K-8Distance: 2.6 mi
- 7/10Reedley High SchoolGrades: 9-12Distance: 1.7 mi
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- California
- Fresno County
- Reedley
- 93654
- 10861 S Reed Ave
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