- 16
- beds
- 5,400
- sqft
- 1963
- year built
- Status:
- Active
- MLS #:
- 647009
- County:
- Fresno
- Listed By:
- Gautam Atri - Universal Realty Services, Inc.
- Agent Phone:
- (559) 917-1113
Sponsoring Broker: Derek Eisenberg, Continental Real Estate Group, Inc
Eight Unit Multifamily Investment Opportunity. Great Income, Modern Upgrades, Strong Rental Demand, Brand New Roof, Brand New Paint, newer AC units.This 8 unit multifamily asset offers a full 2 Bedroom, 1 Bath configuration, a consistently high demand layout in the Fresno rental market. Every residence has received new interior paint within the last year, creating a clean and uniform presentation across the property. The building reflects ongoing ownership care, with a mix of upgraded interiors, modernized kitchens and baths, and strong in place rents. This is a stabilized, income producing asset with clear upside through continued modernization of legacy units.Unit Mix and Interior Condition:Unit 1: $1,400. Fresh interior paint, new floors.Unit 2: $1,050. New flooring. Clean interior profile.Unit 3: $1,200. New flooring. Fully remodeled kitchen with granite and new cabinets. New bathroom.Unit 4: $1,175. New bathroom. New flooring. New stove.Unit 5: $1,250. Full renovation completed one year ago. Modern kitchen, bath, flooring, and finishes.Unit 6: $1,541. New windows. New paint. New stove. (Hosing Voucher)Second Building (Units 7 and 8):Unit 7: $1,090. Unit 8: $1,025. New bathroom. New kitchen with cabinets, granite, and stove. New flooring and new paint.Financial Summary:Total Monthly Income: $9,731.00Total Annual Income: $116,772Operating Expenses (Annual):Insurance: $4,700Water and Sewer: $3,000Trash: $2,800Electric and Gas (Common): $900Garden Care: $600Pest Control: $600Investment Highlights:Brand new Roof.Brand new outdoor paint.All units are 2 bed and 1 bath, the strongest rental configuration in this submarket.Uniform interior paint across all eight units within the last year.Multiple upgraded interiors with new kitchens, granite counters, cabinets, flooring, and bathrooms.Stabilized rent roll with strong in place income.Clear value add runway through modernization of legacy units.This 8 unit asset is ideal for investors seeking an income producing property with a balanced mix of renovated units and value add potential. There is room for improvements in the rents.
Highlights
- Residential Income
- Multi Family
- Built in 1963
- 0.2929 Acre Lot
- 209 days on Market
-
- Bedrooms
- 16
-
- Year Built
- 1963
-
- Stories
- 2.0
-
- Construction Materials
- Stucco, Stone
-
- Foundation
- Concrete Perimeter
-
- Parking Features
- Open, Covered, Carport
-
- Living Area
- 5400.0
-
- Cooling
- Wall/Window Unit(s)
-
- Acres
- 0.2929
-
- Water
- Public
-
- Area
- 725
-
- County
- Fresno
-
- City
- Fresno
-
- Zip Code
- 93725
-
Nearby Schools
-
53out of 100
-
54out of 100
-
54out of 100
-
50out of 100
-
56out of 100
-
50out of 100
-
53out of 100
-
50out of 100
-
97out of 100
-
38out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Estimated Value
$747,062
$597,649 - $896,474
Source: Constellation Data Labs
Price History
| 04/12/2026 | Off Market | — |
| Source: Fresno MLS #647009 | ||
| 04/11/2026 | Listed | $1,175,000 |
| Source: Fresno MLS #647009 | ||
| 04/11/2026 | Listed | $1,175,000 |
| Source: San Diego MLS #FR26090586 | ||
| 10/13/2024 | Off Market | — |
| Source: Fresno MLS #619985 | ||
| 03/21/2025 | Sold | $725,000 |
| Source: Fresno MLS #619985 | ||
| 10/13/2024 | Listed | $895,000 |
| Source: Fresno MLS #619985 | ||
Source: MLS Data
Deed History
| 03/21/2025 | Grant Deed | $725,000 |
| 03/21/2025 | Correction Release | $0 |
| 12/14/2023 | Intrafamily Transfer - Transaction is between related parties for any reason & no consideration. | $0 |
| 02/07/2011 | Intrafamily Transfer - Transaction is between related parties for any reason & no consideration. | $0 |
| 09/01/1994 | Grant Deed | $245,000 |
Source: Public records via Constellation Data Labs
Mortgage History
| 03/21/2025 | Commercial | $652,500 |
| 09/01/1994 | Seller Carryback / Seller Financing / Seller take-back | $215,000 |
Source: Public records via Constellation Data Labs
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Frequently Asked Questions
How do I schedule a tour of 3940 E Burns Ave?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 3940 E Burns Ave.
They know residential incomes in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 3940 E Burns Ave?
Click Ask a Question to talk with our team. You already know it is a 16 bed, N/A bath, listed for $1,175,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Fresno, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 3940 E Burns Ave?
With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 3940 E Burns Ave at around $6,371. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 3940 E Burns Ave?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Fresno County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 3940 E Burns Ave?
In most cases, yes. Whether 3940 E Burns Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Fresno's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 3940 E Burns Ave?
We can handle that for you. Our preferred local agent specializes in residential incomes in Fresno and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $1,175,000 with 5,400 sqft of space—that comes out to approximately $218 per square foot.
How long has this property been on the market?
3940 E Burns Ave was listed on April 11, 2026, which means it's been on the market for 209 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1963, making it approximately 63 years old.
What is the lot size of this property?
3940 E Burns Ave sits on a 0.29-acre lot, which is 12,632 square feet.
Is 3940 E Burns Ave still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Based on information from the Humboldt Association of REALTORS®. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright ©2026 Humboldt Association of REALTORS®. All Rights Reserved.
Last Updated: November 06, 2026 at 09:37PM | Source: Fresno MLS | MLS#: 647009