Three-Parcel Multifamily Portfolio with
For Sale
$1,325,000
101107 I Street, Modesto, CA 95351
Eight rental units across four buildings on separate parcels, including a detached ADU for added flexibility.
Property Size4,298 SF
Price / SF$308.28
Days on Market75
Property Features for 101107 I Street
General Information
Standard status
Active
Size
4,298 SF
Property subtype
General Commercial
Additional Details
Multifamily Units
8
Building Details
Year Built
1920
Listing Agency:
(408) 427-8963
Listed By:
Compass
Source:
Xome
Added: May 23
Changed: Jul 10
Last Checked: Aug 5 at 5:37AM
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 Compass
Investment Insights
Based on property information with market context.
This for-sale multifamily portfolio includes 101 I St, 107 I St, and 510 S Washington St and totals eight residential units across four separate buildings, each located on its own legal parcel. Unit mix consists of six one-bedroom/one-bath homes and two two-bedroom/one-bath homes. One of the parcels includes a detached ADU, adding an additional residential component within the overall portfolio configuration.
The properties are located in an established downtown Modesto neighborhood, with the portfolio positioned close to employment, retail, and transit options in downtown Modesto. Each building’s placement on an individual parcel supports straightforward portfolio organization and parcel-level consideration.
For investors or owner-operators, the portfolio’s three-parcel structure offers flexibility when evaluating financing, potential resale, or a long-term hold strategy. The detached ADU on one parcel can also support future disposition options within the portfolio. With a mix of one- and two-bedroom units, the property is designed to accommodate a broad tenant base seeking affordable housing in close proximity to downtown needs.
The properties are located in an established downtown Modesto neighborhood, with the portfolio positioned close to employment, retail, and transit options in downtown Modesto. Each building’s placement on an individual parcel supports straightforward portfolio organization and parcel-level consideration.
For investors or owner-operators, the portfolio’s three-parcel structure offers flexibility when evaluating financing, potential resale, or a long-term hold strategy. The detached ADU on one parcel can also support future disposition options within the portfolio. With a mix of one- and two-bedroom units, the property is designed to accommodate a broad tenant base seeking affordable housing in close proximity to downtown needs.
Key Highlights
- Three‑parcel multifamily portfolio in downtown Modesto: 101 I St, 107 I St, and 510 S Washington St
- Total of 8 rental units across four separate residential buildings on individual legal parcels
- Unit mix: six 1‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.3k | $25.20 |
| − Vacancy | −$4.3k | −$1.01 |
| EGI | $104.0k | $24.19 |
| − OpEx | −$46.8k | −$10.89 |
| NOI | $57.2k | $13.31 |
4,298 SF · lease $25.20/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$817.0K
$714.8K – $953.1K
NOI $57,187 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $101,089 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3,236
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Eight rental units across four buildings on separate parcels, including a detached ADU for added flexibility.
Where is this apartment building located?
The property is located at 101107 I Street Modesto, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Three‑parcel multifamily portfolio in downtown Modesto: 101 I St, 107 I St, and 510 S Washington St; Total of 8 rental units across four separate residential buildings on individual legal parcels; Unit mix: six 1‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units
