| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 34th | Good |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1839 Nelson Blvd, Selma, CA, 93662, US |
| Region / Metro | Selma |
| Year of Construction | 1986 |
| Units | 107 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1839 Nelson Blvd Selma, CA Multifamily Investment
Neighborhood occupancy trends are resilient and rent levels track solidly for the Fresno metro, according to WDSuite’s CRE market data, positioning this asset for stable leasing performance.
Located in a suburban pocket of Selma within the Fresno, CA metro, the neighborhood posts a high multifamily occupancy rate with levels in the top quartile among 246 metro neighborhoods and strong standing nationally. For investors, this indicates steady rent roll potential and lower downtime risk relative to many competing subareas.
Renter-occupied housing concentration in the neighborhood sits above the national midpoint, supporting a meaningful tenant base, while the broader 3-mile radius shows a sizable renter presence and continued household growth. Over the last five years, local contract rents have advanced and are positioned above the national median, reinforcing income durability; at the same time, a rent-to-income profile near 20% suggests manageable affordability, which can aid retention.
Livability is balanced: cafes per square mile rank competitively in the metro, and overall amenity access is above the Fresno metro median (rank 109 of 246). School ratings trend around the national midpoint, which helps appeal to a broader renter mix, though limited parks and pharmacies nearby may require positioning toward value and convenience rather than lifestyle-driven premiums.
Home values in the neighborhood are elevated relative to incomes (high national percentile for value-to-income ratio), which typically sustains rental demand by making ownership a higher-cost alternative. Vintage in the area skews late 1970s on average, and with this property built in 1986, investors may capture competitive positioning versus older stock while planning for targeted system upgrades and common-area refreshes to support rent objectives.
Comparable safety data for this neighborhood is not available in WDSuite at this time. Investors commonly benchmark neighborhood safety against Fresno metro and citywide trends when data is accessible, and pair that with on-the-ground observations and tenant feedback during diligence.
Regional employment is supported by food processing and paper/packaging employers that draw workers from across the Fresno area, which can underpin demand for workforce-oriented rentals and commuting convenience for residents.
- Con Agra Foods — food processing (26.9 miles)
- International Paper — paper & packaging (30.9 miles)
The 107-unit asset at 1839 Nelson Blvd benefits from neighborhood occupancy in the top quartile of Fresno’s 246 neighborhoods and strong national standing, supporting stable cash flow prospects. Built in 1986, it is newer than the local average vintage, offering relative competitiveness versus older stock while leaving room for targeted value-add through unit modernization and building system updates. Elevated home values relative to incomes in the neighborhood reinforce renter reliance on multifamily housing, while a rent-to-income profile around 20% supports retention and measured pricing power. These dynamics are consistent with Fresno’s steady workforce housing demand profile, based on CRE market data from WDSuite.
Demographic indicators aggregated within a 3-mile radius show modest population expansion historically and a projected increase through the mid-term, alongside household growth that expands the renter pool. Amenity access is above the metro median, and rents have advanced over five years, aligning with durable demand. Risks include limited nearby parks/pharmacies and average school ratings, which may cap lifestyle premiums; investors can mitigate by emphasizing value, convenience, and refreshed interiors.
- High neighborhood occupancy supports leasing stability and lower downtime risk
- 1986 vintage offers competitive position versus older stock with clear value-add pathways
- Ownership costs remain elevated locally, sustaining multifamily demand and tenant retention
- 3-mile demographics point to continued renter pool expansion and support for occupancy
- Risk: limited parks/pharmacies and average schools may constrain lifestyle-driven rent premiums