| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 11th | Poor |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2155 S Maple Ave, Fresno, CA, 93725, US |
| Region / Metro | Fresno |
| Year of Construction | 2009 |
| Units | 74 |
| Transaction Date | 2007-12-19 |
| Transaction Price | $1,012,000 |
| Buyer | JK TANAGER SPRINGS 1 LLC |
| Seller | TANAGER SPRINGS I |
2155 S Maple Ave Fresno Multifamily Investment
Neighborhood occupancy is strong and has trended up, supporting steady renter demand near South Fresno; according to WDSuite’s CRE market data, the area shows durable utilization that can help stabilize income through cycles.
This Inner Suburb location balances workforce access with improving utilization metrics that matter to multifamily investors. Neighborhood occupancy is about 97% (neighborhood-level), a signal of stable leasing conditions rather than property-specific performance, based on CRE market data from WDSuite. Renter-occupied share in the immediate neighborhood is in the high-40% range, indicating a meaningful tenant base, while the 3-mile radius shows a larger renter pool, which can broaden leasing funnels and support retention.
Livability is mixed: grocery access is a relative strength (high national percentile for store density), while parks, pharmacies, cafes, and childcare options are limited within the neighborhood footprint. Average school ratings are well below national benchmarks, which may influence family-driven demand but often aligns with value-oriented renter profiles seeking more accessible rental options.
Demographics aggregated within a 3-mile radius point to a larger tenant base over time. The area recorded recent population growth with a faster increase in households, and forecasts call for additional population gains alongside notable household growth and smaller average household sizes. For investors, that combination typically expands the renter pool, supports occupancy stability, and can underpin lease-up velocity for well-positioned product.
Home values sit in a high-cost ownership context relative to local incomes (elevated value-to-income ratio), which tends to sustain reliance on rental housing and can reinforce pricing power for competitively positioned assets. At the same time, neighborhood rent-to-income levels near 20% suggest manageable affordability pressure that can support renewal rates with thoughtful lease management.
Asset positioning: Built in 2009, the property is newer than the neighborhood’s average vintage (late 1970s). That typically confers competitive advantages versus older stock on systems, finishes, and curb appeal, while still warranting capital planning for mid-life building systems and targeted modernization to meet current renter expectations.
Safety indicators are mixed when viewed against broader benchmarks. Nationally, the neighborhood sits around the middle of the pack, indicating neither a standout safe area nor an outlier on crime relative to neighborhoods nationwide.
Trend-wise, property offenses show a notable year-over-year decline (strong improvement by national comparison), which can support perception and retention over time. However, violent offenses increased year-over-year, placing the area among weaker national performers on that specific trend. Investors should underwrite with current data, factor in operational measures, and monitor ongoing shifts at the neighborhood level among the 246 neighborhoods in the Fresno metro.
The employment base includes nearby manufacturing and packaging operations that can support workforce housing demand and commuting convenience for renters. The firms below are representative of that industrial and food processing presence.
- Con Agra Foods — food processing (23.3 miles)
- International Paper — packaging & paper products (42.7 miles)
This 74-unit asset built in 2009 competes favorably against older neighborhood stock while benefiting from strong neighborhood-level occupancy and a broadening renter pool within a 3-mile radius. According to CRE market data from WDSuite, occupancy at the neighborhood level is high and trending upward, and ownership costs remain elevated relative to incomes, which tends to sustain rental demand and support pricing power for well-maintained communities. The property’s newer vintage reduces near-term obsolescence risk versus 1970s-era comparables, though mid-life systems warrant proactive capital planning.
Demand drivers include a sizable workforce renter base, household growth projections, and grocery-proximate convenience despite a limited amenity mix within the immediate blocks. Underwriting should account for mixed safety trends and below-average school ratings, but the combination of tight neighborhood occupancy, renter reliance on multifamily housing, and value positioning forms a pragmatic, long-run thesis.
- Newer 2009 construction relative to local 1970s stock supports competitive positioning and reduced immediate obsolescence risk.
- High neighborhood occupancy and an expanding 3-mile renter base support leasing stability and renewal potential.
- Elevated ownership costs versus incomes reinforce reliance on rental housing and sustain demand for well-managed units.
- Workforce-oriented location with proximity to regional industrial employers can aid tenant retention.
- Risks: limited nearby amenities, low school ratings, and mixed crime trends warrant conservative underwriting and active management.