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$900,000
Est. payment /mo
1 Bed
4.04 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25194758
Bedrooms 1
Lot Size 4.040 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
3207 N. Valentine Avenue offers a rare opportunity to acquire 4.04 acres of RM-1 zoned land in the growing Northwest Fresno submarket. The rectangular parcel sits within an established residential corridor and is zoned RM-1 (Residential Multi-Unit Low to Medium Density), allowing for up to 16 units per acre by right, with additional density potential under California State Density Bonus Law. This means developers could unlock even more units by incorporating affordable housing elements, increasing both revenue and impact. Strategic Location and Site Features The site has direct frontage along N. Valentine Avenue and benefits from immediate proximity to Highway 99, providing strong access to regional transit and employment centers. The parcel is flat and efficiently shaped, making it ideal for phased development, build-for-rent townhome communities, cottage courts, or other low-to-mid density rental housing formats. An existing 770 SF single-family residence is currently tenant-occupied and generating $1,000/month in rental income, offering holding income during entitlement or predevelopment phases. All utilities are believed to be nearby, and the site is located within a designated Priority Area per Fresnos General Plan, which may offer further incentives or streamlined processing for housing (buyer to verify with city planning). Infill Multifamily Potential with Flexibility RM-1 zoning supports a wide variety of housing types including duplexes, fourplexes, small apartment buildings, attached townhomes, and cottage-style developments. Development standards support up to 6
Location
State CA
County Fresno
Zoning Assessor
Direction W/HWY 99
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 43306009
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Listed by Terri Barrett, DRE#01315648 RE/MAX TIME REALTY
Nearby School & Business
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