| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 17th | Poor |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2320 Stillman St, Selma, CA, 93662, US |
| Region / Metro | Selma |
| Year of Construction | 2011 |
| Units | 81 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2320 Stillman St Selma Multifamily Investment Opportunity
Built in 2011, this 81-unit asset offers a newer vintage relative to an older local stock, with neighborhood occupancy and renter demand signals that are above the metro median according to WDSuite’s CRE market data.
Selma’s Inner Suburb setting presents balanced fundamentals for multifamily investors. The neighborhood ranks above the Fresno metro median (103 of 246), indicating solid comparability to peer locations rather than an outlier profile. A high renter-occupied share at the neighborhood level supports a deeper tenant base, while the neighborhood occupancy rate trends around national mid-range, suggesting stable—but not overheated—leasing conditions.
Lifestyle amenities skew toward everyday convenience and dining. Neighborhood data show strong restaurant and cafe density compared with both metro and national benchmarks, while parks are also relatively accessible. However, grocery and pharmacy options are limited within the immediate neighborhood, so residents often rely on nearby corridors for essentials—an operational consideration for tenant marketing and retention.
The property’s 2011 construction stands newer than the neighborhood’s average 1950s vintage. That positioning can enhance competitive appeal versus older stock and may moderate near-term capital needs, though investors should still plan for systems lifecycle and modernization to support rentability and reduce turnover risk.
Within a 3-mile radius, households have increased over the past five years and are projected to grow further while average household size trends lower. This combination typically expands the renter pool and supports occupancy stability. Home values in the area sit in a higher value-to-income range locally, which can reinforce reliance on rental housing and support pricing power, whereas neighborhood rent-to-income metrics are nearer the moderate range—useful for lease management and retention planning.
Schools in the neighborhood score below national averages, which can influence the family-renter segment’s preferences. Positioning the asset’s unit mix and amenities toward workforce households and value-forward offerings can help sustain absorption and retention even as school quality varies.
Neighborhood safety indicators compare favorably in a national context for violent incidents (high national percentile indicates relatively safer conditions), and the area is competitive among Fresno neighborhoods. Recent data also show improvement momentum for violent categories. Property-related incidents have exhibited volatility, so owners should account for practical measures such as lighting, access control, and coordination with local resources to support resident confidence and leasing stability.
Regional employment is anchored by food processing and packaging operations within commuting reach, supporting workforce renter demand and lease retention for properties serving employees in these industries.
- Con Agra Foods — food processing (26.3 miles)
- International Paper — packaging & paper (30.9 miles)
2320 Stillman St combines a 2011 vintage and an 81-unit scale with neighborhood fundamentals that sit above the Fresno metro median. Relative to older nearby stock, the asset’s newer construction can be competitively positioned with targeted refreshes, while neighborhood renter concentration supports depth of demand. According to CRE market data from WDSuite, local occupancy is broadly stable and the rent-to-income profile sits near a manageable range, aligning with steady lease-up and retention strategies.
Within a 3-mile radius, households have grown and are forecast to increase meaningfully as average household size trends lower—conditions that typically broaden the tenant base and support occupancy. Elevated ownership costs in the local context further reinforce reliance on multifamily rentals, while limited immediate grocery/pharmacy access and below-average school ratings are operational considerations best addressed through amenity programming and marketing.
- Newer 2011 construction offers competitive positioning versus older neighborhood stock, with potential for targeted value-add.
- Above-median neighborhood standing within Fresno and a high renter-occupied share support demand depth and leasing stability.
- 3-mile household growth and smaller projected household sizes expand the renter pool and help sustain occupancy.
- Local ownership costs bolster multifamily reliance, aiding pricing power and retention management.
- Risk: property-crime volatility, limited immediate groceries/pharmacies, and lower school ratings require proactive operations and resident engagement.