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3940 E Burns Avenue, 
Fresno, CA 93725

$1,175,000


16

Beds


Bath


5,400

Sq Ft


Multi-Family

Active

Listed by

Gautam Atri

Universal Realty Services, Inc.

559-298-0180

Last updated:

April 15, 2026, 03:13 PM

MLS#

647009

Source:

CA FMLS

About This Home

3940 E Burns Avenue

Eight Unit Multifamily Investment Opportunity. Stabilized Income. Modern Upgrades. Strong Rental Demand. Brand New Roof.

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: $1,050. Fresh interior paint.

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.

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: $9,381
Total Annual Income: $112,572

Operating Expenses (Annual):
Insurance: $4,700
Water and Sewer: $3,000
Trash: $2,800
Electric and Gas (Common): $900
Garden Care: $600
Pest Control: $600

Investment Highlights:
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.
Attractive pairing opportunity with the adjacent 6 unit property, enabling a 14 unit portfolio on one block. 2452 S 9th St. Fresno CA 93725 for Sale at $825,000. 

This 8 unit asset is ideal for investors seeking a stabilized, income producing property with a balanced mix of renovated units and value add potential.

Home Facts

Multi-Family

16 Bedrooms

Built in 1963

Price Summary

1,175,000

$217 per Sq. Ft.

MLS #:

647009

Last Updated:

April 15, 2026, 03:13 PM

Added:

4 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

16

Interior

Living Area:

5,400 Sq. Ft.


Structure

Structure

Building Area:

5,400 Sq. Ft.

Year Built:

1963


Lot

Lot Size (Sq. Ft):

12,758


Finances & Disclosures

Finances

Price:

$1,175,000

Price per Sq. Ft:

$217 per Sq. Ft.

MLS Logo
Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS)as of (April 15, 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.

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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.