Eight-Unit Apartment
For Sale
$1,350,000
1109 Alpha Rd, Turlock, CA 95380
Eight-unit multifamily property with seven two-bedroom units and one three-bedroom unit.
Property Size6,748 SF
Price / SF$200.06
Days on Market207
Property Features for 1109 Alpha Rd
General Information
Standard status
Active
Size
6,748 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
8
Building Details
Year Built
1969
Tenancy
Multi
Listing Agency:
Colliers Parrish Intenational Inc.
Listed By:
Andy Hodgson · License #CA-01796017
(209) 475-5129
Source:
Thedelrealgroup
Added: Apr 1
Changed: Oct 16
Last Checked: Oct 7 at 5:00PM
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 Colliers Parrish Intenational Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
1109 Alpha Road is an eight-unit apartment building in Turlock, offering seven two-bedroom apartments and one three-bedroom apartment. The property’s units have been recently renovated and include energy-efficient dual-pane windows, central heat and air systems, and updated interiors.
Ownership has completed major exterior and systems improvements, including a new roof, new exterior stucco and paint, and modernized HVAC systems.
This configuration provides a mix of two- and three-bedroom layouts within a single, fully renovated multifamily asset.
Ownership has completed major exterior and systems improvements, including a new roof, new exterior stucco and paint, and modernized HVAC systems.
This configuration provides a mix of two- and three-bedroom layouts within a single, fully renovated multifamily asset.
Key Highlights
- 8‑unit multifamily in Turlock, CA: 7 two‑bedroom units plus 1 three‑bedroom unit
- Unit sizes include approx. 650–864 SF for 2BR units and approx. 1,128 SF for the 3BR unit
- Recently renovated interiors across all units with energy‑efficient dual‑pane windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,241
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,684,820
$1.7M
Cap Rate 7%
$1,203,443
$1.2M
Cap Rate 9%
$936,011
$936.0K
Market Conditions
NOI Build-Up for 6,748 SF
Gross rent
$157.1K $23.28/SF
− Vacancy
−$3.9K −$0.58/SF
EGI
$153.2K $22.70/SF
− OpEx
−$68.9K −$10.21/SF
NOI
$84.2K $12.48/SF
Area
Stanislaus County, CA
Vacancy
2.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,684,820
Cap Rate 7%
$1,203,443
Cap Rate 9%
$936,011
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,241 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.14M
$2.74M – $3.66M
NOI $219,549 @ 7.0% cap · market cap 16.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 95380, CA
42,912
Population
15,682
Households
2.7
Avg Household Size
34
Median Age
18%
College-Educated
73%
High-School Grad
77.2 sq mi
ZIP Area
556
Density / Sq Mi
$68,308
Median Household Income
$39,002
Median Earnings
$1,348
Median Rent
$410,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit multifamily property with seven two-bedroom units and one three-bedroom unit.
Where is this apartment building located?
The property is located at 1109 Alpha Rd Turlock, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 8‑unit multifamily in Turlock, CA: 7 two‑bedroom units plus 1 three‑bedroom unit; Unit sizes include approx. 650–864 SF for 2BR units and approx. 1,128 SF for the 3BR unit; Recently renovated interiors across all units with energy‑efficient dual‑pane windows
