| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 57th | Best |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6057 N Polk Ave, Fresno, CA, 93722, US |
| Region / Metro | Fresno |
| Year of Construction | 2001 |
| Units | 64 |
| Transaction Date | 2014-08-08 |
| Transaction Price | $7,550,000 |
| Buyer | Guadalupe Campos |
| Seller | Shayen Ashley |
6057 N Polk Ave Fresno, CA Multifamily Investment
Neighborhood occupancy is resilient and rents benchmark above many areas nationally, supporting steady renter demand according to WDSuite’s CRE market data.
Rated A and ranked 22 out of 246 Fresno metro neighborhoods, the area performs in the top quartile among metro peers. As an Inner Suburb, it balances residential stability with access to daily needs, which tends to support consistent leasing for multifamily.
Amenity depth skews toward dining and cafes (restaurants and coffee density place the neighborhood in high national percentiles), while parks and pharmacies also score above most U.S. neighborhoods. By contrast, grocery and childcare options are thinner locally, so residents may rely on short drives to meet those needs — a manageable factor for retention when parking and access are adequate.
Rents in the neighborhood sit near the 88th percentile nationally alongside a rent-to-income ratio around 0.23, indicating pricing power without outsized affordability pressure. Median home values trend above the national midpoint, a high-cost ownership context that can sustain reliance on multifamily housing and support lease stability.
Within a 3-mile radius, population and households have grown over the past five years, with households expanding faster than population, implying smaller household sizes and a broader tenant base. About 40% of housing units are renter-occupied in this radius, signaling a meaningful renter concentration that supports ongoing multifamily demand.
The average construction vintage across nearby stock skews newer (2017 average; competitive among Fresno neighborhoods), while the subject property’s 2001 vintage is older by comparison. That gap can translate to value-add opportunities through targeted common-area and in-unit updates, balanced by capital planning for aging systems.
Safety indicators are mixed but generally favorable in broader context. Neighborhood-level crime ranks 60 out of 246 in the Fresno metro (lower ranks indicate more crime within the metro comparison), yet national positioning trends better, with overall safety metrics around the 63rd percentile versus U.S. neighborhoods. This suggests the area compares more favorably nationally than it does within parts of the local metro.
Trend data points to improvement: estimated violent offenses have declined year over year and property offense rates show one of the stronger reductions in the metro. For investors, this trajectory can support leasing stability and insurance/operational planning, while still warranting routine risk management and on-site security best practices.
The employment base includes regional food processing and corporate office roles that broaden the commuter renter pool and support retention for workforce-oriented units. Notably, the following nearby employer anchors contribute to demand:
- Con Agra Foods — corporate offices (23.2 miles)
The submarket’s A-rated profile and strong amenity mix, paired with above-average national occupancy positioning, indicate durable renter demand and pricing power. According to CRE market data from WDSuite, neighborhood rents benchmark high nationally while rent-to-income ratios remain manageable, a combination that supports retention and cushions cash flow against cyclical swings.
Built in 2001, the property trails the neighborhood’s newer inventory, creating a clear value-add and modernization angle while remaining competitive on location fundamentals. Within a 3-mile radius, recent growth in households and an established renter concentration expand the tenant base, while a high-cost ownership market further reinforces reliance on multifamily housing. Investors should balance these strengths with attention to capital planning and localized service gaps (e.g., groceries/childcare) that can influence leasing strategy.
- A-rated neighborhood (top quartile among 246 metro areas) supports leasing stability
- High national rent benchmarks with manageable rent-to-income ratios aid retention
- 2001 vintage provides value-add potential versus newer local stock
- 3-mile household growth and meaningful renter concentration expand the tenant base
- Risk: localized grocery/childcare gaps and capital needs require proactive asset management