Discover an exceptional investment opportunity! Rare fully occupied 4-Plex each w/ individual large garages & parking for 2 cars situated on a corner lot directly across from the bustling Manchester Shopping Mall. Perfectly positioned near key amenities including Starbucks, the 41 Freeway, and a cinema, this property guarantees high visibility and easy access, making it a lucrative addition to any real estate portfolio. All units are 1bedroom & 1bathroom with a garage. 3 units located above garages and 1 unit ground level. Convenient access to the 41 Freeway facilitates quick commutes to surrounding areas, enhancing the property's appeal to potential tenants. Residents can enjoy a variety of shopping and dining options with the Manchester Mall just steps away, ensuring high demand for rental units. The area boasts a diverse population with a strong rental market, ideal for long-term investment. Seller installed new roof w/ 10 yr. warranty for half of bldg.($8200). Currently leased w/$47,052 gross per yr. (2 units pay $1K, 1 unit $1250 and 1 section 8 @ $671 waiting to increase @$1250 w/new owner) $60K gross potential. Tenant pays utilities and landlord pays $325 water.Please do not walk the grounds or disturb the tenants. Seize the chance to invest in a premium, fully occupied 4-Plex with excellent growth potential. This property is poised for long-term profitability in a location that combines convenience and accessibility.
Sold for $490,000 on 04/01/25
$490,000
1903 E Simpson Ave, Fresno, CA 93703
4beds
4baths
2,538sqft
Multi Family, Quadruplex
Built in 1952
-- sqft lot
$-- Zestimate®
$193/sqft
$1,166 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 01, 2025 at 03:48pm
Listed by:
Ann M. Lee DRE #01475485 559-999-4266,
Movoto, Inc.
Bought with:
Na Landseadal, DRE #01799795
Rod Aluisi Real Estate
Source: Fresno MLS,MLS#: 625895Originating MLS: Fresno MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Floor or Wall Heat
Cooling
- Evaporative Cooling, Wall/Window Unit(s)
Appliances
- Included: Refrigerator: All Units, Disposal: All units, Stove: All units
Features
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,538
- Total interior livable area: 2,538 sqft
Property
Parking
- Parking features: Garage
- Has attached garage: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,542 sqft
- Features: Urban, Corner Lot
Details
- Parcel number: 44503214
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Year built: 1952
Utilities & green energy
- Water: Public
- Utilities for property: Public Utilities
Community & neighborhood
Location
- Region: Fresno
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Income includes: Unit Rent, Lease
- Listing terms: Conventional,Cash
Services availability

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