642 N Thorne Ave Fresno, CA 93728
Property details
About 642 N Thorne Ave
Discover an unbeatable investment opportunity at 642 N Thorne Ave, Fresno, CA 93728. This charming multifamily property features 7 units, including a mix of 2B1B apartments and studios, offering a total rental income of $81,660/year. With a 7% cap rate at 100% occupancy, this low-rise apartment building presents a lucrative investment in a desirable location just 15 minutes away from Fresno University and the vibrant Tower District. The property, listed at $725,000, comes with the added perk of a $10,000 discount when using the preferred lender. It is being sold as-is, ideal for savvy investors looking to maximize returns. Don't miss this chance to own a piece of Fresno's real estate market and generate consistent passive income.
Highlights
Summary
- Fireplace: None
- Total Bedroom Count: 9
- Exterior: Fence
- Cooling: Wall/Window Unit(s)
- List Price: $725,000
- Price/SqFt: $199
- Annual Tax Amount: $8,006
- Tax Year: 2024
- Lot: Corner Lot
- Directions: Take exit 135 to Olive Ave Use left lane to take the ramp to Tower District Continue on W Olive Ave then turn right on N Thorne Ave., property will be on the left.
- Year Built: 1927
- Stories: 2
- Living Area: 3,643 SqFt
- Lot Size: 0.1492 Acres
- MLS Number: 623781
- MLS Name: Fresno Multiple Listing System
- Office Name: HomeCoin.com
- Office Phone: (888) 400-2513
- Office Email: info@homecoin.com
- Listing Agent: Jonathan Minerick
Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS). 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 the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
interested in purchasing.
Copyright 2025 Fresno Association of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2025, 7:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$725,000
642 N Thorne Ave
$8,609
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 27, 2022 | Home Sold | $600,000 |
| Jun 12, 2020 | Home Sold | $350,000 |
| Aug 29, 2016 | Home Sold | $265,000 |
| Mar 27, 2015 | Home Sold | $189,500 |
| Feb 01, 2012 | Home Sold | $80,000 |
| Dec 27, 1985 | Home Sold | $58,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $624,240 | $8,006 |
| 2023 | $612,000 | $8,006 |
| 2022 | $360,696 | $4,849 |
| 2021 | $353,625 | $4,722 |
| 2020 | $281,218 | $3,827 |
| 2019 | $275,705 | $3,613 |
| 2018 | $270,300 | $3,613 |
| 2017 | $265,000 | $2,615 |
History based on county public records data.
Nearby schools
4
Muir Elementary School
Public District PK-6
0.4 mi
•410 E Dennett Ave
3
Lowell Elementary School
Public District KG-6
1.0 mi
•171 N Poplar Ave
7
Anthony Elementary School
Public District KG-6
1.2 mi
•1542 E Webster Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $36,212. Typical income of Fresno, CA residents is less than $<35k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Boston Market
What do the neighbors drive?
Kia
Dodge
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
This home is located at 642 N Thorne Ave in Fresno, CA and zip code 93728 in the Fresno High-Roeding neighborhood. This 3,643 square foot home, which was built in 1927, sits on a 0.15 acre lot. Features: 9 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since January 17, 2025 and is currently priced at $725,000.
Over 103 listings were sold over their listed price in March 2025 in Fresno, CA. In the same period over 109 listings were sold below the listed price and 77 listings were sold for the listed price. In March 2025 in Fresno, CA there were 9.7% more homes for sale than in February. The median list price of listings available in March 2025 was $399,684, while the average time on the real estate market was 33 days.