| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 29th | Fair |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2543 Nelson Blvd, Selma, CA, 93662, US |
| Region / Metro | Selma |
| Year of Construction | 1987 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2543 Nelson Blvd Selma Multifamily Investment
This 42-unit property built in 1987 benefits from neighborhood-level occupancy above metro averages at 97.2%, according to CRE market data from WDSuite, positioning it within Fresno's stable rental market dynamics.
This inner suburb neighborhood ranks in the top quartile among 246 Fresno metro neighborhoods for housing fundamentals, with neighborhood-level occupancy at 97.2% outperforming regional averages. The area maintains moderate rent levels at $948 median, though rents have declined modestly over the past five years, requiring careful monitoring of renewal rates and market positioning.
Demographics within a 3-mile radius show a stable household base of approximately 7,974 households, with projected growth of 58.4% in household formation through 2028 supporting expanded renter pool opportunities. The property's 1987 construction year positions it newer than the neighborhood average of 1966, potentially reducing near-term capital expenditure needs while maintaining competitive positioning among area assets.
Local amenities support tenant retention with above-average grocery store density ranking 96th of 246 neighborhoods and solid restaurant access. However, limited childcare and cafe options may affect appeal to certain demographic segments. Home values averaging $256,691 with 36% five-year appreciation create ownership barriers that can help maintain rental demand, though investors should monitor the value-to-income ratio trends for long-term positioning.
Crime data for this neighborhood is not currently available in the market dataset, requiring independent verification of safety conditions through local law enforcement statistics and on-site assessment. Investors should conduct thorough due diligence on public safety trends and community policing initiatives when evaluating tenant appeal and insurance considerations for this Selma location.
The employment landscape relies on regional corporate presence, though major employers are located at considerable distances from the property, potentially affecting commute convenience for tenants.
- Con Agra Foods — food processing and manufacturing (26.2 miles)
- International Paper — manufacturing and paper products (31.5 miles)
This 42-unit property offers stable occupancy fundamentals with neighborhood-level rates at 97.2%, ranking in the 84th percentile nationally according to multifamily property research. The 1987 construction vintage positions the asset newer than area averages, potentially reducing immediate capital requirements while maintaining competitive appeal. Projected household growth of 58.4% through 2028 within the 3-mile radius supports expanding tenant demand, though investors should monitor rent trends given recent declines.
The neighborhood's housing rank in the top quartile among Fresno metro areas provides fundamental stability, while moderate rent-to-income ratios at 0.17 suggest affordability advantages for tenant retention. However, distance from major employment centers and limited local amenities present considerations for long-term positioning and lease-up velocity.
- Strong neighborhood occupancy at 97.2% ranking 84th percentile nationally
- Newer construction than area average potentially reducing near-term capital needs
- Projected 58.4% household growth supporting expanded renter pool through 2028
- Top quartile housing fundamentals among 246 metro neighborhoods
- Risk: Recent rent declines and distance from major employment centers require monitoring