Duplex With Attached
For Sale
$490,000
Pending
219 Kingston Lane, Modesto, CA 95354
Residential Income, Modesto, CA
Property Size1,794 SF
Lot Size0.13 Acres
Days on Market48
Property Features for 219 Kingston Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Parking features
Garage, Off Street
Interior features
Tub w/Shower Over
Exterior features
Back Yard, Front Yard
Fencing
Fenced
Appliances
Gas Water Heater
Lot features
Level, Rectangular Lot
Directions
Use GPS
Subdivision
Listing
Standard status
Pending
APN
033030011000
Size
1,794 SF
Lot size
0.13 Acres
Utilities
Sewer type
Public Sewer
Heating system
Zoned
Cooling system
Central Air
Water source
Public
Amenities
patio
fenced yard
laundry hook-ups
Building Details
Year built
1970
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Brick Veneer, Wood Siding
Roof type
Composition, Flat
Listing Agency:
RE/MAX Accord · RE/MAX International
(925) 838-4100
Listed By:
Timothy Vander Meulen · License #02150745
(925) 334-0760
Added: Jul 15
Changed: Aug 19
Last Checked: Aug 31 at 3:06PM
MLS# 41141695
Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 1,794 square feet across two residential units, with approximately 895 square feet per unit. Each unit offers two bedrooms, one bathroom, a dining area, and a slider opening to a patio. Fenced front and back yard areas provide dedicated outdoor space for each residence.
Both units include an attached 2-stall garage with laundry hookups, along with off-street parking. The property was built in 1970 and includes central air, zoned heating, public water, and public sewer. Interior finishes include vinyl and carpet flooring, while exterior materials include brick veneer and wood siding. The 0.13-acre parcel is located in Modesto, near shops and restaurants.
Both units include an attached 2-stall garage with laundry hookups, along with off-street parking. The property was built in 1970 and includes central air, zoned heating, public water, and public sewer. Interior finishes include vinyl and carpet flooring, while exterior materials include brick veneer and wood siding. The 0.13-acre parcel is located in Modesto, near shops and restaurants.
Key Highlights
- 1,794‑square‑foot duplex on a 0.13‑acre parcel
- Each unit measures approximately 895 square feet
- Both units feature 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,708
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$534,160
$534.2K
Cap Rate 7%
$381,543
$381.5K
Cap Rate 9%
$296,756
$296.8K
Market Conditions
NOI Build-Up for 1,794 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.8K $22.20/SF
− Vacancy
−$1.7K −$0.93/SF
EGI
$38.2K $21.27/SF
− OpEx
−$11.4K −$6.38/SF
NOI
$26.7K $14.89/SF
Area
Modesto, CA
Vacancy
4.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$534,160
Cap Rate 7%
$381,543
Cap Rate 9%
$296,756
Alternative Uses
Best Use
Multifamily LT 5
$381.5K
$333.9K – $445.1K
NOI $26,708 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$341.0K
$298.4K – $397.8K
NOI $23,870 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$602.8K
$527.4K – $703.3K
NOI $42,195 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Explore this area
Business Placement
Demographics for 95354, CA
26,765
Population
9,797
Households
2.7
Avg Household Size
36
Median Age
17%
College-Educated
80%
High-School Grad
7.7 sq mi
ZIP Area
3,476
Density / Sq Mi
$65,643
Median Household Income
$42,126
Median Earnings
$1,463
Median Rent
$360,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature private fenced yard areas, patios, and laundry hookups.
Where is this duplex located?
The property is located at 219 Kingston Lane Modesto, CA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 1,794‑square‑foot duplex on a 0.13‑acre parcel; Each unit measures approximately 895 square feet; Both units feature 2 bedrooms and 1 bathroom
