| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 54th | Best |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 88 N Dewitt Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1999 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
88 N Dewitt Ave Clovis Multifamily Investment
This 46-unit property benefits from neighborhood-level occupancy at 100%, ranking first among 246 metro neighborhoods, with strong rental demand supported by commercial real estate analysis from WDSuite's market data.
Built in 1999, this property sits in an inner suburb neighborhood that demonstrates strong fundamentals for multifamily investors. The construction year positions the asset newer than the neighborhood average of 1966, potentially reducing near-term capital expenditure needs while maintaining competitive positioning among area properties.
The neighborhood ranks in the top quartile nationally for occupancy performance, with 100% occupancy compared to metro and national averages. At 67% of housing units renter-occupied, the area maintains substantial rental demand that supports lease stability. Within a 3-mile radius, demographic data shows household income growth of 39.6% over five years, reaching a median of $92,548, while projected household formation indicates a 40% increase in total households by 2028, expanding the potential renter pool.
Median home values of $375,717 represent a 22.7% increase over five years, with a value-to-income ratio ranking in the top quartile nationally. These elevated ownership costs sustain rental demand and limit accessibility to ownership, reinforcing tenant reliance on multifamily housing. The neighborhood's median contract rent of $1,035 maintains affordability relative to area incomes, supporting lease retention and renewal rates.
Amenity access supports tenant appeal with grocery store density ranking in the top quartile nationally and restaurant availability in the 98th percentile. However, the area shows gaps in childcare and park amenities, both ranking at the bottom among metro neighborhoods. School ratings average 2.0 out of 5, which may influence family tenant segments but reflects broader regional patterns rather than isolated challenges.
The neighborhood demonstrates strong safety fundamentals relative to the broader Fresno metro area. Property crime rates rank 27th out of 246 metro neighborhoods, placing it in the 88th percentile nationally, indicating significantly lower property crime compared to most neighborhoods nationwide.
Violent crime performance is particularly notable, with rates ranking 11th among metro neighborhoods and reaching the 91st percentile nationally. Recent trends show property crime declining by 67.5% year-over-year, ranking 11th for improvement among metro neighborhoods and reaching the 95th percentile nationally for crime reduction trends. These metrics suggest improving conditions that support tenant retention and property values.
The employment base includes corporate offices within commuting distance, though the immediate area shows limited major employer concentration.
- Con Agra Foods — corporate offices (29.9 miles)
This 46-unit property built in 1999 offers multifamily investors exposure to a neighborhood with exceptional occupancy fundamentals and improving safety metrics. According to CRE market data from WDSuite, the area maintains 100% occupancy while ranking first among 246 metro neighborhoods, supported by strong rental demand from 67% renter-occupied housing units. The newer vintage relative to neighborhood averages reduces immediate capital expenditure pressure while demographic projections show household growth of 40% by 2028, expanding the potential tenant base.
Elevated home values sustain rental demand as ownership costs limit accessibility, while current rent levels maintain affordability for area incomes. The neighborhood's safety profile continues improving, with property crime declining 67.5% year-over-year and violent crime rates in the top quartile nationally. However, investors should consider the limited major employer base and below-average school ratings when evaluating long-term tenant demographics and retention strategies.
- Neighborhood-level occupancy at 100%, ranking first among 246 metro neighborhoods
- 1999 construction year newer than neighborhood average, reducing near-term capital needs
- Projected 40% household growth by 2028 expanding renter pool within 3-mile radius
- Property crime declining 67.5% year-over-year with safety metrics in top quartile nationally
- Risk consideration: Limited major employer concentration and below-average school ratings