| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Poor |
| Demographics | 15th | Poor |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1248 N 11th St, Fresno, CA, 93703, US |
| Region / Metro | Fresno |
| Year of Construction | 1979 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1248 N 11th St Fresno 24-Unit Multifamily Investment
Neighborhood occupancy is currently elevated and has held firm, supporting stable leasing conditions for a 24-unit asset, according to WDSuite's CRE market data. High renter concentration in the surrounding area reinforces demand depth, though investors should underwrite with attention to tenant affordability and competitive positioning.
Situated in Fresno's inner-suburban fabric, the property benefits from neighborhood-level fundamentals that favor multifamily demand. The area posts a high share of renter-occupied housing units, which signals a deeper tenant base and supports ongoing absorption and retention for professionally managed assets.
Occupancy in the neighborhood ranks competitive among 246 Fresno metro neighborhoods and sits in the top quartile nationally, based on CRE market data from WDSuite. Rents in the immediate area have trended upward over the past five years, aligning with steady demand, while investors should monitor rent-to-income ratios that indicate elevated affordability pressure and plan lease management accordingly.
Daily convenience is a relative strength: grocery, restaurant, and pharmacy density rank near the top of the metro, which supports livability and can aid retention. By contrast, limited park and childcare access within the neighborhood suggest fewer family-oriented amenities, and average school ratings trail national norms—factors to consider in unit mix strategy and renter targeting.
Within a 3-mile radius, population has been stable with a modest increase, and households have expanded with forecasts pointing to additional household growth through the mid-term. This implies a larger tenant base and continued renter pool expansion, which can support occupancy stability and measured rent growth relative to metro and national CRE trends.
The building was constructed in 1979, newer than much of the surrounding housing stock. That vintage can compete well against older properties, while still offering practical value-add opportunities through modernization and system upgrades as part of capital planning.
Safety indicators are mixed when compared locally and nationally. The neighborhood's safety rank sits below the metro median among 246 Fresno neighborhoods and below the national average, indicating investors should underwrite for enhanced property management measures such as lighting, access control, and monitoring.
Recent trends are noteworthy: estimated property offenses have declined year over year, outpacing many areas nationally, while estimated violent offense rates showed a slight uptick. Framing this as a moving baseline, investors can evaluate security upgrades and community engagement to support resident satisfaction and retention.
Regional employment access contributes to renter demand, with notable food processing presence that supports workforce housing and commute feasibility for some residents, including Con Agra Foods.
- Con Agra Foods — food processing (24.4 miles)
This 24-unit asset aligns with neighborhood dynamics that support occupancy stability and leasing durability. The surrounding area maintains competitive occupancy versus Fresno peers and ranks in the top quartile nationally, with a high share of renter-occupied units that deepens the tenant base. According to CRE market data from WDSuite, amenity density for daily needs is a local strength, while school quality and limited parks suggest nuanced targeting toward workforce renters.
The 1979 vintage positions the property ahead of older local stock while leaving room for targeted renovations and system updates to enhance rentability. Demographic trends within a 3-mile radius point to growing households and a larger renter pool over the next several years; at the same time, elevated rent-to-income levels warrant disciplined rent setting and asset management to support retention.
- Competitive neighborhood occupancy and strong renter concentration support leasing stability
- Daily-needs amenities (grocery, restaurants, pharmacies) enhance livability and retention
- 1979 vintage offers value-add modernization potential versus older neighborhood stock
- Risks: affordability pressure, below-median safety rank, and limited parks/school ratings require proactive management