Two-Unit Residential Income
114 & 116 Severin Avenue Modesto, CA 95354
For Sale
$575,000
Income-producing duplex with two 2-bedroom, 2-bath units, laundry hookups, central forced air and central AC.
Property Size1,800 SF
Lot Size0.16 Acres
Price / SF$319.44
Days on Market58
Property Features for 114 & 116 Severin Avenue
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1953
Listing Agency:
Julie Black, Broker
(408) 849-7653
Listed By:
Julie Black · License #01381390
(408) 849-7653
Source:
Exitrealty
Added: May 28
Changed: Jul 22
Last Checked: Jul 23 at 4:11AM
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 Julie Black, Broker
Investment Insights
Based on property information with market context.
This income-producing duplex includes two units, each offering 2 bedrooms and 2 bathrooms. The property is situated on a large lot and features a gas cooktop with a hood, stone countertops, and a mix of flooring types including weatherproof flooring, carpet in the bedrooms, and laminate on the rental side. A separate laundry room provides full laundry hookups, and both units include large closets and tile bathrooms. For year-round climate control, the duplex offers central forced air heating and central AC, along with garden areas in the backyard and additional parking to the rear.
The property is located in Modesto within the Modesto City Elementary school district and is described as being close to shopping and neighborhood conveniences.
With two fully equipped residential units and dedicated laundry facilities, this duplex is configured as a straightforward rental property with multiple modern in-home amenities.
The property is located in Modesto within the Modesto City Elementary school district and is described as being close to shopping and neighborhood conveniences.
With two fully equipped residential units and dedicated laundry facilities, this duplex is configured as a straightforward rental property with multiple modern in-home amenities.
Key Highlights
- Income‑producing duplex built in 1953 with 1,800 sq ft total
- Each unit offers 2 bedrooms and 2 bathrooms
- 6,820 sq ft lot with garden areas in the backyard and extra parking in back
Financial Insights For Multifamily LT 5
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 | $40.0k | $22.20 |
| − Vacancy | −$1.7k | −$0.93 |
| EGI | $38.3k | $21.27 |
| − OpEx | −$11.5k | −$6.38 |
| NOI | $26.8k | $14.89 |
1,800 SF · lease $22.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$382.8K
$335.0K – $446.6K
NOI $26,797 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$342.1K
$299.4K – $399.2K
NOI $23,950 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$604.8K
$529.2K – $705.6K
NOI $42,336 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Income-producing duplex with two 2-bedroom, 2-bath units, laundry hookups, central forced air and central AC.
Where is this duplex located?
The property is located at 114 & 116 Severin Avenue Modesto, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Income‑producing duplex built in 1953 with 1,800 sq ft total; Each unit offers 2 bedrooms and 2 bathrooms; 6,820 sq ft lot with garden areas in the backyard and extra parking in back
