| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 34th | Good |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1675 Nelson Blvd, Selma, CA, 93662, US |
| Region / Metro | Selma |
| Year of Construction | 1995 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1675 Nelson Blvd Selma CA Multifamily Investment
Neighborhood occupancy is strong and ownership costs are comparatively elevated for the metro, supporting renter demand and lease stability, according to WDSuite s CRE market data.
Located in Selma within the Fresno, CA metro, the surrounding neighborhood carries a B rating and trends as suburban. Neighborhood occupancy is in the top quartile nationally, indicating steady renter demand and reduced downtime risk for stabilized assets. Median home values sit well above national norms for similar neighborhoods, which typically sustains reliance on rental housing and can support pricing power.
Amenities are mixed: access to cafes is competitive among Fresno neighborhoods (and in the top quartile nationally), while restaurants and groceries track closer to the metro middle. Public parks, pharmacies, and childcare options are limited nearby, a factor to consider for resident experience and marketing. Average school ratings land near the national midpoint, which aligns with a broad workforce tenant profile rather than a premium school-driven dynamic.
Tenure patterns differ by geography. At the neighborhood level, the share of housing units that are renter-occupied is roughly one-third, suggesting more owner-occupied stock immediately nearby. Within a 3-mile radius, renter-occupied units are closer to half of housing, indicating a deeper tenant base for multifamily leasing across the trade area. This broader capture area can help support occupancy and renewal performance.
Demographics aggregated within a 3-mile radius show modest population growth with a larger increase in households and a trend toward smaller household sizes over the next several years. That combination typically expands the renter pool and supports stable occupancy. Contract rents have risen off a relatively accessible base for the region, and based on commercial real estate analysis from WDSuite, neighborhood housing metrics rank above the national median, reinforcing the area s utility for workforce renters.
For competitive positioning, the 1995 vintage is newer than the neighborhood s average construction year. This generally helps versus older local stock; however, investors should still plan for selective modernization and systems updates to maintain positioning against newer deliveries in the broader Fresno market.
Comparable crime trend data specific to this neighborhood are not available in WDSuite for the current period. Investors typically benchmark city and county trends, assess property-level history, and align security measures with peer assets in the Fresno metro. As with most suburban locations, contextual comparisons to similar Fresno neighborhoods and recent management records will provide the clearest read on resident safety perceptions and retention risk.
Regional employment is anchored by manufacturing and packaging employers within commuting range, supporting workforce housing demand and lease retention for properties serving Selma and greater Fresno. The following employers illustrate nearby demand drivers:
- Con Agra Foods food manufacturing (27.0 miles)
- International Paper packaging & paper products (30.9 miles)
This 39-unit property at 1675 Nelson Blvd was built in 1995, positioning it newer than much of the surrounding housing stock. That vintage helps competitiveness versus older assets while leaving room for targeted renovations to elevate rents and retention. Neighborhood occupancy is in the top quartile nationally and home values rank high relative to incomes, both of which underpin multifamily demand and support stable leasing, according to CRE market data from WDSuite.
Within a 3-mile radius, households have grown faster than population, and projections indicate further household expansion alongside smaller average household sizes. For multifamily, this typically translates into a broader tenant base and steady absorption potential. Amenities are adequate but not extensive nearby, so emphasizing on-site features and management consistency can be an effective strategy to drive renewals and maintain occupancy.
- 1995 vintage offers competitive positioning versus older local stock with selective value-add potential
- Top-quartile neighborhood occupancy supports leasing stability and lower downtime risk
- Elevated ownership costs reinforce renter reliance on multifamily housing across the trade area
- 3-mile trade area shows household growth and smaller household sizes, expanding the renter pool
- Risks: limited nearby parks/pharmacies and a more owner-occupied immediate neighborhood may require stronger on-site amenities and marketing