Duplex with Two Separate
For Sale
$505,000
1004 Middlecoff Avenue, Modesto, CA 95351
Two residential units offer flexible occupancy, with the second unit’s kitchen currently under construction.
Property Size1,400 SF
Price / SF$360.71
Days on Market47
Property Features for 1004 Middlecoff Avenue
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
2nd unit kitchen is under construction
Additional Details
Multifamily Units
2
Building Details
Year Built
1965
Listing Agency:
Nolo Real Estate and Mortgage Services
(209) 505-3360
Listed By:
Noel Lopez · License #01969175
(209) 850-3731
Source:
Exitrealty
Added: Aug 22
Changed: Sep 13
Last Checked: Sep 15 at 5:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nolo Real Estate and Mortgage Services
Investment Insights
Based on property information with market context.
This duplex at 1004 Middlecoff Ave includes two separate residential units within a property built in 1965. The second unit’s kitchen is under construction, making that area an active improvement component of the property.
Located in Modesto, California, the property provides a two-unit residential configuration at a single address. Its 1,400 property-size measurement and separate-unit layout provide key physical details for evaluating the asset.
Located in Modesto, California, the property provides a two-unit residential configuration at a single address. Its 1,400 property-size measurement and separate-unit layout provide key physical details for evaluating the asset.
Key Highlights
- Two separate residential units at one property
- Second unit kitchen is under construction
- Built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,842
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,840
$416.8K
Cap Rate 7%
$297,743
$297.7K
Cap Rate 9%
$231,578
$231.6K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$31.1K $22.20/SF
− Vacancy
−$1.3K −$0.93/SF
EGI
$29.8K $21.27/SF
− OpEx
−$8.9K −$6.38/SF
NOI
$20.8K $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 Rate 5%
$416,840
Cap Rate 7%
$297,743
Cap Rate 9%
$231,578
Alternative Uses
Best Use
Multifamily LT 5
$297.7K
$260.5K – $347.4K
NOI $20,842 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$266.1K
$232.9K – $310.5K
NOI $18,628 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$470.4K
$411.6K – $548.8K
NOI $32,928 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 95351, CA
48,668
Population
13,631
Households
3.6
Avg Household Size
32
Median Age
8%
College-Educated
63%
High-School Grad
8.9 sq mi
ZIP Area
5,468
Density / Sq Mi
$56,869
Median Household Income
$31,732
Median Earnings
$1,376
Median Rent
$315,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible occupancy, with the second unit’s kitchen currently under construction.
Where is this duplex located?
The property is located at 1004 Middlecoff Avenue Modesto, CA.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Two separate residential units at one property; Second unit kitchen is under construction; Built in 1965
