| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Good |
| Demographics | 22nd | Fair |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5257 E Harvey Ave, Fresno, CA, 93727, US |
| Region / Metro | Fresno |
| Year of Construction | 1989 |
| Units | 63 |
| Transaction Date | 2021-08-16 |
| Transaction Price | $6,000,000 |
| Buyer | CLAY GARDENS APARTMENTS LLC |
| Seller | PDS GROUP |
5257 E Harvey Ave Fresno 63-Unit Multifamily
Neighborhood occupancy is strong and trending stable, supporting consistent leasing performance, according to WDSuite’s CRE market data.
Located in Fresno’s inner-suburban fabric, the property benefits from a neighborhood that has maintained high occupancy and steady renter demand. The submarket’s occupancy is in the top quartile nationally and above the metro median among 246 neighborhoods, signaling durable absorption and limited downtime between turns. Median rents sit near national mid-range levels, which can support retention while leaving room for disciplined rent management.
Local amenity density is mixed: grocery access is comparatively strong versus national norms, while cafes, restaurants, parks, and childcare options are limited within close proximity. For investors, this suggests day-to-day convenience for residents but fewer walkable lifestyle amenities, making on-site features and parking more important to competitiveness.
Tenure patterns indicate a moderate renter concentration at the neighborhood level, implying a workable tenant base but also some competition from nearby ownership housing. In the broader 3-mile radius, households and families have grown in recent years with further growth projected, pointing to a larger tenant pool over time. Rising household incomes in the 3-mile area support lease integrity, though an expected tilt toward ownership in the wider area could require sharper positioning and amenity upgrades to capture renters by choice.
School quality in the area tracks below the national median, which can be a consideration for family renters, but the combination of accessible grocery retail and high neighborhood occupancy still underpins stable day-to-day livability. Elevated ownership costs relative to incomes in the region reinforce reliance on multifamily housing, supporting pricing power when paired with operational execution.
Safety metrics are mixed but improving in important ways. The neighborhood’s crime ranking is above the metro median among 246 Fresno neighborhoods, and overall safety stands slightly above average compared with neighborhoods nationwide. Violent incidents trend in the top third nationally, and recent year-over-year figures show meaningful improvement. Property offenses sit closer to national mid-range and have shown recent volatility, which argues for continued attention to lighting, access control, and resident engagement.
For investors, the takeaways are operational: current positioning is competitive among regional peers, with encouraging momentum on violent crime, while property-crime variability warrants standard loss-prevention practices and coordination with local resources.
The resident employment base is diversified by regional industrial and food-processing employers, supporting workforce housing demand and commute convenience for renters who work across the metro.
- Con Agra Foods — food processing (25.9 miles)
- International Paper — packaging and paper products (43.2 miles)
This 63-unit community, built in 1989 with average homes around 702 square feet, is slightly newer than the neighborhood’s typical vintage. That positioning helps competitiveness versus older stock while leaving room for value-add upgrades to interiors and common areas as systems age. High neighborhood occupancy and mid-range rents indicate durable absorption with potential to optimize rents through targeted renovations and amenity programming.
Population and household growth within a 3-mile radius point to a larger tenant base ahead, and a high-cost ownership landscape in the region supports continued reliance on multifamily rentals. According to CRE market data from WDSuite, local occupancy outperforms metro norms, suggesting a favorable backdrop for lease stability as operators focus on retention and asset quality. The main watchpoints are modest walkable amenities nearby and variable property-crime trends, both manageable with proactive management and capital planning.
- 1989 vintage is newer than area average, with clear value-add and modernization pathways
- High neighborhood occupancy supports steady leasing and pricing discipline
- 3-mile population and household growth expand the renter pool and support retention
- Regional ownership costs reinforce multifamily demand versus buying
- Risks: limited walkable amenities and property-crime variability require active asset management