| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 33rd | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4834 E Gettysburg Ave, Fresno, CA, 93726, US |
| Region / Metro | Fresno |
| Year of Construction | 1972 |
| Units | 55 |
| Transaction Date | 2000-10-30 |
| Transaction Price | $3,350,000 |
| Buyer | GPI WESTWOOD INVESTORS |
| Seller | RML ENTERPRISES |
4834 E Gettysburg Ave Fresno Multifamily Investment
This 55-unit property built in 1972 offers value-add potential in a neighborhood with strong rental demand, where 49.8% of housing units are renter-occupied according to CRE market data from WDSuite.
Located in an inner suburb neighborhood of Fresno, this area demonstrates solid fundamentals for multifamily investment. The neighborhood ranks in the top quartile among 246 metro neighborhoods for housing metrics, with a 93.2% occupancy rate that outperforms many comparable markets. Contract rents of $1,310 have grown 34% over five years, reflecting sustained demand in this rental-heavy market where nearly half of all housing units are renter-occupied.
Demographics within a 3-mile radius support stable tenant demand, with over 120,000 residents and household growth of 4.6% over the past five years. The area maintains a balanced age distribution, with 30.5% of residents aged 18-34 and another 31.4% in the prime earning years of 35-64. Median household income of $60,087 has increased 43.6% since 2018, while projected growth through 2028 anticipates continued household formation and income gains.
The property's 1972 construction year presents value-add opportunities through strategic renovations and unit improvements. While the neighborhood's average construction year of 1986 ranks in the 63rd percentile nationally, this vintage property offers potential for modernization to capture higher rents. Home values averaging $282,531 with 78% appreciation over five years reinforce rental demand, as elevated ownership costs sustain reliance on multifamily housing options.
Safety metrics for this neighborhood show mixed trends that require careful consideration. Property crime rates of 272 incidents per 100,000 residents rank in the middle tier among Fresno metro neighborhoods, placing at the 50th percentile nationally. More notably, property crime has declined significantly by 50.6% over the past year, ranking in the 88th percentile for improvement trends nationwide.
Violent crime rates remain relatively low at 21 incidents per 100,000 residents, ranking above metro median and in the 58th percentile nationally. However, violent crime increased 275% year-over-year, though this metric should be interpreted cautiously given the small baseline numbers typical in suburban areas. Investors should monitor ongoing safety trends and consider security enhancements as part of any capital improvement strategy.
The employment base includes established corporate presence that supports workforce housing demand in the broader Fresno market.
- Con Agra Foods — food processing and corporate offices (27.3 miles)
This 55-unit property presents a compelling value-add opportunity in a neighborhood that demonstrates strong rental fundamentals. With 49.8% of local housing units renter-occupied and neighborhood occupancy rates of 93.2%, the market shows sustained demand for multifamily housing. The property's 1972 vintage offers renovation upside to capture the area's rent growth momentum, where contract rents have increased 34% over five years to $1,310 median.
According to multifamily property research from WDSuite, demographic trends within the 3-mile radius support long-term tenant demand, with household growth of 4.6% and income gains of 43.6% since 2018. Home values averaging $282,531 with 78% appreciation reinforce rental demand as ownership costs limit accessibility to homeownership. The neighborhood's ranking in the top quartile for housing metrics among 246 metro neighborhoods indicates competitive positioning for sustained occupancy and rent growth.
- Strong rental demand with 93.2% neighborhood occupancy and 49.8% renter-occupied units
- Value-add potential through renovations of 1972 vintage property
- Rent growth momentum with 34% increase over five years
- Demographic support from growing household base and rising incomes
- Risk considerations include recent violent crime increases and limited nearby amenities