Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Kaljian & Associates
Property view
Listing view 2
Listing view 3

1985 N Winery Avenue, 
Fresno, CA 93703

$4,400,000


55

Beds


Bath


24,225

Sq Ft


Multi-Family

Active

Listed by

Brendan L. Kane

Brendan Kane Real Estate

559-289-0698

Last updated:

May 18, 2026, 06:40 PM

MLS#

648834

Source:

CA FMLS

About This Home

1985 N Winery Avenue

Prime Fresno LocationThe property is strategically located at 1985 N Winery Ave, placing it within the immediate sphere of Fresno's most vital educational and retailhubs. It is situated just minutes from California State University, Fresno (25,000+ students) and Fresno City College, providing a consistent poolof student and faculty renters.Strong Multifamily MarketThe Fresno multifamily market continues to show robust performance. Asking rents in the Central Valley grew by 1.8% annually, and forecastsindicate continued appreciation through 2026. With vacancy rates remaining exceptionally tightreaching as low as 2.5% in neighboringcountiesVilla Capri is well-positioned to benefit from the region's chronic undersupply of quality rental housing.Regional Employment and expansionFresno serves as the economic heart of the Central Valley, recently adding 7,600 new jobsthe largest net gain in the region. The localeconomy is supported by a diverse array of industries, including healthcare, education, and a massive logistics sector anchored by Amazon,Target, and Walmart. The recent $150 million expansion of the Fresno Yosemite International Airport (FAT) further solidifies the area as agrowing hub for commerce and travel, driving sustained household formation and rental demand.Villa Capri features a highly efficient unit mix, with 92% of the property comprised of spacious two-bedroom floor plans (split evenly between2BD/1BA and 2BD/2BA). This configuration is the most sought-after in the Fresno market, appealing to a wide range of renters from smallfamilies to roommates. The two-building, garden-style layout on a 0.93-acre site offers a manageable scale for investors, while the uniformfloor plans help minimize ongoing maintenance and turnover expenses.

Home Facts

Multi-Family

55 Bedrooms

Built in 1971

Price Summary

4,400,000

$181 per Sq. Ft.

MLS #:

648834

Last Updated:

May 18, 2026, 06:40 PM

Added:

5 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

55

Interior

Living Area:

24,225 Sq. Ft.


Structure

Structure

Building Area:

24,225 Sq. Ft.

Year Built:

1971


Lot

Lot Size (Sq. Ft):

40,301


Finances & Disclosures

Finances

Price:

$4,400,000

Price per Sq. Ft:

$181 per Sq. Ft.

MLS Logo
Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS)as of (May 18, 2026). 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 or MLS. All information should be independently reviewed and verified for accuracy.Properties may or may not be listed by the office/agent presenting theinformation.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.