| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 35th | Good |
| Amenities | 14th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 340 E Adams Ave, Fowler, CA, 93625, US |
| Region / Metro | Fowler |
| Year of Construction | 1979 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
340 E Adams Ave Fowler Multifamily Investment
This 44-unit property benefits from a stable rental market with 94.2% neighborhood occupancy and strong tenant retention dynamics. According to CRE market data from WDSuite, the area demonstrates consistent rental demand fundamentals.
Located in Fowler's suburban residential area, this 1979-vintage property operates within a stable rental environment. Neighborhood occupancy rates reach 94.2%, ranking above the metro median among 246 Fresno metro neighborhoods. The area maintains a balanced housing tenure mix with 40.1% of units serving renters, supporting consistent demand for multifamily housing.
Demographics within a 3-mile radius show population growth of 18.8% over the past five years, with households increasing 24.4% during the same period. The current median household income of $69,090 is projected to rise to $95,864 by 2028, indicating strengthening tenant income capacity. With median contract rents at $1,104 and forecasted to reach $1,367, the area demonstrates measured rent growth potential.
The property's 1979 construction year positions it for potential value-add improvements, particularly given the neighborhood's average construction vintage of 1964. Local schools average 3.25 out of 5 rating, ranking in the top quartile among metro neighborhoods. While amenity density remains limited with minimal commercial services per square mile, the suburban setting provides family-oriented housing demand typical of Central Valley markets.
The neighborhood demonstrates strong safety metrics compared to regional and national benchmarks. Property crime rates rank 3rd lowest among 246 Fresno metro neighborhoods, placing in the 98th percentile nationally. Violent crime rates similarly perform well, ranking 25th among metro neighborhoods and reaching the 81st percentile nationwide.
Notably, both property and violent crime rates have declined significantly over the past year, with property offenses decreasing 64.7% and violent offenses dropping 58.8%. These improvements position the area favorably for tenant retention and property management considerations.
The employment base draws from regional agricultural and food processing operations, providing workforce housing demand for the area's multifamily stock.
- Con Agra Foods — food processing (23.8 miles)
- International Paper — manufacturing (36.3 miles)
This 44-unit property presents a value-add opportunity in a fundamentally stable rental market. Built in 1979, the asset offers renovation upside potential while benefiting from neighborhood occupancy rates of 94.2% that exceed metro averages. Demographic growth within the 3-mile radius, including 24.4% household expansion over five years, supports expanding rental demand. The area's strong safety profile, ranking in the top quartile regionally for low crime rates, enhances tenant appeal and retention prospects.
Projected income growth from $69,090 to $95,864 by 2028 indicates strengthening tenant capacity, while forecast rent increases to $1,367 suggest measured pricing power. However, investors should consider the limited local amenity base and employment concentration in regional agricultural operations when evaluating long-term tenant retention and lease-up velocity.
- Strong occupancy fundamentals with 94.2% neighborhood rates above metro median
- Value-add potential from 1979 vintage in improving demographic market
- Top-quartile safety metrics support tenant retention and property appeal
- Limited local employment base may impact lease-up velocity and tenant diversification