| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 18th | Poor |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 815 N Peach Ave, Fresno, CA, 93727, US |
| Region / Metro | Fresno |
| Year of Construction | 1988 |
| Units | 35 |
| Transaction Date | 2006-09-07 |
| Transaction Price | $3,118,500 |
| Buyer | HUSSAIN JONATHAN H |
| Seller | CORRIERE PAUL |
815 N Peach Ave Fresno Multifamily Investment
This 35-unit property built in 1988 operates in a neighborhood with 96.5% occupancy and strong rental demand, according to CRE market data from WDSuite.
Located in an inner suburb neighborhood of Fresno, this area demonstrates solid fundamentals for multifamily investors. The neighborhood ranks in the top third among 246 metro neighborhoods for housing metrics, with occupancy at 96.5% and a substantial 58.7% of housing units renter-occupied, indicating strong rental market depth.
Built in 1988, this property aligns with the neighborhood's average construction year of 1973, suggesting potential value-add opportunities through strategic capital improvements and modernization. The area's median contract rent of $1,196 has grown 47% over five years, demonstrating pricing power despite maintaining affordable rent-to-income ratios.
Demographics within a 3-mile radius show 111,593 residents with 56.4% of housing units renter-occupied. Population growth of 5.8% over five years supports expanding tenant demand, while forecasts project continued household formation through 2028. The area maintains good grocery access with 2.03 stores per square mile, ranking in the 83rd percentile nationally for convenience amenities that support tenant retention.
Safety metrics for this neighborhood show moderate performance relative to the broader Fresno metro area. Property crime rates rank 95th among 246 neighborhoods, placing it near the metro median. Notably, property crime has declined 48.3% year-over-year, ranking in the 87th percentile nationally for crime reduction trends.
Violent crime rates remain below regional averages, though investors should monitor recent upticks. The neighborhood's overall crime ranking of 124th among 246 metro neighborhoods indicates average safety conditions that align with typical inner suburb profiles in the Central Valley market.
The broader Fresno employment base includes major corporate operations that provide workforce housing demand for this submarket.
- Con Agra Foods — food processing and manufacturing (25.8 miles)
- International Paper — industrial manufacturing (43.4 miles)
This 35-unit property offers investors access to a stable rental market with 96.5% neighborhood occupancy and strong demographic tailwinds. The 1988 vintage provides value-add potential through strategic improvements, while the area's 47% rent growth over five years demonstrates pricing power. Population growth of 5.8% within the 3-mile radius supports expanding tenant demand, with forecasts indicating continued household formation through 2028.
According to multifamily property research from WDSuite, the neighborhood ranks competitively for housing fundamentals among Fresno's 246 neighborhoods. The substantial 58.7% renter occupancy share creates market depth, while declining property crime trends and adequate amenity access support tenant retention strategies.
- High neighborhood occupancy at 96.5% indicates stable rental demand
- 1988 construction provides value-add renovation opportunities
- 47% rent growth over five years demonstrates pricing power
- Growing population within 3-mile radius supports tenant demand
- Risk: Limited nearby employment concentration may affect tenant retention