| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 16th | Poor |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1821 S Cedar Ave, Fresno, CA, 93702, US |
| Region / Metro | Fresno |
| Year of Construction | 1985 |
| Units | 89 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1821 S Cedar Ave Fresno Multifamily Investment
Neighborhood occupancy trends point to steady renter demand and a deep tenant base, according to WDSuite’s CRE market data. With a large share of renter-occupied housing in the area, the asset’s leasing fundamentals should be supported by stable local usage of multifamily product.
The property sits in Fresno’s Urban Core where neighborhood occupancy is 95.5% and ranks above the metro median (112 out of 246), suggesting relatively stable leasing performance versus many Fresno sub-neighborhoods, based on CRE market data from WDSuite. Renter-occupied housing comprises 72.7% of units, placing the area in the top tier locally for renter concentration—an indicator of depth in the tenant pool for multifamily operators.
Daily needs are generally serviceable: grocery access ranks 70 of 246 (above the metro median and stronger than many nearby neighborhoods), and park access is competitive at rank 17 of 246 (top quartile nationally at the 89th percentile). By contrast, cafes, restaurants, and pharmacies are sparse within the immediate neighborhood, which may modestly affect walk-to-amenity appeal but can also keep price-sensitive renter demand focused on practical value.
Vintage context matters for capital planning. The neighborhood’s average construction year is 1973, while this asset was built in 1985. Being newer than the local average can help competitiveness versus older stock; investors should still plan for system updates or modernization to meet current renter expectations.
Within a 3-mile radius, population has grown and households increased over the last five years, with forecasts calling for further household expansion through 2028—signals that point to a larger tenant base and support for occupancy stability. Median home values locally sit near the metro median but the value-to-income ratio ranks in the top decile nationally (92nd percentile), which is typical of high-cost ownership markets and tends to sustain reliance on rental housing. Rent-to-income around 29% suggests some affordability pressure; prudent lease management can support retention while maintaining revenue, a consideration for multifamily property research.
Safety metrics for the neighborhood are near the Fresno metro average overall (crime rank 128 out of 246). Nationally, the area sits around the mid-range (approximately the 49th percentile for overall crime levels), indicating conditions that are neither among the lowest-risk nor highest-risk neighborhoods nationwide.
Trend signals are mixed: property offenses have declined materially year over year (improvement in the 82nd percentile nationally), while violent offense rates showed an increase over the same period (around the 31st percentile for improvement). For investors, this argues for standard risk controls, active monitoring, and coordination with professional management to support resident experience and retention.
Regional employers accessible by car underpin a broad workforce renter base, including Con Agra Foods and International Paper, supporting demand from tenants with commutable jobs across manufacturing and packaging.
- Con Agra Foods — packaged foods manufacturing (23.0 miles)
- International Paper — paper and packaging (43.4 miles)
This 89-unit asset benefits from a renter-heavy neighborhood, occupancy above the metro median, and a household base that has expanded within a 3-mile radius—factors that support demand depth and leasing consistency. The ownership cost context skews high relative to incomes (nationally high value-to-income ratio), which typically reinforces reliance on rental housing and underpins tenant retention. According to commercial real estate analysis from WDSuite, neighborhood amenities are practical rather than lifestyle-driven, with strong grocery and park access but fewer cafes and pharmacies, aligning the asset with workforce demand.
Built in 1985, the property is newer than the area’s average vintage, aiding competitive positioning versus older stock while still warranting targeted modernization and system upgrades. Affordability should be managed carefully: rent-to-income near 29% indicates some pressure, so pricing and renewal strategy should balance occupancy stability with revenue goals.
- Renter-heavy neighborhood and above-median occupancy support demand stability.
- 1985 vintage offers an edge versus older local stock, with clear modernization pathways.
- Ownership costs relative to incomes sustain renter reliance, aiding retention and leasing.
- Practical amenity mix (strong grocery/parks) fits workforce housing fundamentals.
- Risk: Rising violent offense trends and affordability pressure call for disciplined management and pricing.