| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 33rd | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 180 S 1st St, Kerman, CA, 93630, US |
| Region / Metro | Kerman |
| Year of Construction | 1986 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
180 S 1st St Kerman Multifamily Investment
Neighborhood occupancy is strong and renters represent a meaningful share of nearby housing, according to WDSuite’s CRE market data, suggesting stable demand for a well-located 1986 vintage, 30-unit asset in Kerman.
This Inner Suburb location in the Fresno metro offers a practical blend of everyday conveniences and steady rental fundamentals. Grocery access scores competitively for the area while parks are within reach, though café and pharmacy options are limited within the immediate neighborhood — residents likely rely on nearby corridors for a fuller retail mix. For family renters, local school ratings trend below national averages; leasing efforts may benefit from positioning toward workforce households and value-conscious tenants.
Occupancy in the neighborhood is elevated relative to peers (top quartile nationally and competitive among Fresno neighborhoods), a backdrop that typically supports leasing stability and lower downtime for multifamily investors. Neighborhood housing skews more owner-occupied, but within a 3‑mile radius renter-occupied housing is roughly half of units, indicating a deep tenant base for garden and low-rise product. Median rents and the rent-to-income relationship appear manageable compared to many U.S. submarkets, which can aid retention and reduce turnover pressure.
Home values in the neighborhood trend higher versus national medians, reinforcing renter reliance on multifamily where ownership costs are comparatively elevated. That dynamic can support pricing power within reasonable affordability bands. The property’s 1986 construction is newer than the neighborhood’s older housing stock, positioning it competitively versus mid‑century product; investors should still plan for modernization of systems and common areas as part of a value-add or lifecycle maintenance program.
Within 3 miles, WDSuite data show recent population growth and a notable increase in households alongside gradually smaller average household sizes. For investors, that points to a broader and diversifying renter pool, with more households entering the market and supporting occupancy stability and absorption for well-maintained units.
Direct crime rankings for this neighborhood are not available in the current WDSuite dataset. Investors typically benchmark property-level conditions against Fresno metro norms, review recent police blotter and third-party indices, and align on-site security and lighting with resident expectations. Elevated neighborhood occupancy can coincide with steadier conditions, but verification through due diligence remains important.
The employment base is anchored by regional food processing and corporate offices within a commutable distance, supporting workforce renter demand and lease retention for nearby multifamily.
- Con Agra Foods — food processing corporate offices (14.4 miles)
180 S 1st St is a 30‑unit, 1986‑built multifamily asset in Kerman’s Inner Suburb, benefiting from a neighborhood with historically high occupancy and an expanding renter pool within a 3‑mile radius. According to CRE market data from WDSuite, the neighborhood’s occupancy performance tracks in the top quartile nationally and remains competitive within the Fresno metro, supporting durable leasing and lower downtime for garden-style product.
Ownership costs in the area trend higher relative to national medians, which reinforces renter reliance on multifamily and can support measured pricing power where rent-to-income remains in a healthier range. The 1986 vintage is newer than much of the surrounding housing stock, offering a relative quality edge and potential value‑add through interior updates and systems modernization. Risks include amenity-light blocks and below-average school ratings, which suggest positioning toward workforce renters and emphasizing convenience and unit quality.
- Elevated neighborhood occupancy supports leasing stability and reduced downtime
- Expanding 3‑mile renter base points to sustained demand and absorption
- Newer 1986 vintage versus older local stock; value‑add via interior and systems updates
- High-cost ownership context underpins renter reliance and measured pricing power
- Risks: amenity-light micro area and weaker school ratings may narrow family-renter appeal