Description
Investor goldmine: 3 homes on 2.1 acres with multi-strategy potential
calling all investors this rare 2.1-acre parcel features three income-producing homes and offers multiple avenues to maximize roi: monthly rental, rezoning opportunity, or long-term development.
?? property overview (2 apns, sold as one):
1803 mitchell ave (southernmost): cozy 2?bd/1?ba rental generating $1,200/mo.
1815 mitchell ave: classic gem on its own parcel (apn?390-020-63) with central hvac, original hardwood floors, and vibrant tile countertops. includes 3 detached outbuildingsideal for workshop space or ancillary income.
1845 mitchell ave (northernmost): spacious 3?bd/1?ba home featuring indoor laundry, expansive living area, fenced yard, 3-car garage, and a metal storage shed. plusthis house sits adjacent to open ground (included in the acreage) ready for build-out.
?? why this property stands out:
cashflow from day one: rent all three homes while pursuing rezoning or development.
development-ready: neighboring parcel recently subdivided into single-family lotssets a strong precedent.
versatility: ideal for investors specializing in long-term rentals, fix-and-flips, or multifamily development.
?? highlights & roi drivers:
immediate rental income across all units
flexible strategies: hold, convert, or redevelop
existing homes can be cleaned up & rented out fast
all 3 house on city water. all 3 houses on septic tanks. city sewer at street, buyer to verify the cost & process to connect.
Property Type
Residential IncomeCounty
FresnoStyle
Residential IncomeAD ID
50280865
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Private Sewer
Interior Features
- Fireplace: None
Cooling Features
- Central Air,Evaporative Cooling
- Air Conditioning
Heating Source
- Central
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1940
- Building Area Total: 1,175
Pool Features
- None
Laundry Features
- Inside
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 1.83
- Lot Size Source: Assessor
- Lot Size Square Feet: 79715
-
Listing Information
Listing Price Information
- Original List Price: 750,000
- Listing Contract Date: 2025-06-26
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 39002066
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood:
- Postal Code Plus 4: 9604
- Directions: From Highland & Nebraska: Go east on Nebraska Ave, south on Mitchell Ave. Homes will be on the west side of street. 1845, 1815, 1803 Mitchell Ave
- Source Property Type: Residential Income
- Property SubType: Triplex
Building and Construction
- Property Age: 85
- Common Walls: No Common Walls
- Structure Type: Triplex
- Year Built Source: Public Records
- Entry Level: 1
- Entry Location: 1
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 07/04/2025 @ 13:34
- MLS: FR25144213
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 3 bedrooms which is for sale, it has 1,175 sqft, 79,715 sized lot, and 5 parking. are nearby neighborhoods.