Two-Unit Duplex with Separate
120 Almond Ave, Modesto, CA 95354
For Sale
New
$525,000
One residence is leased, while the second is vacant for occupancy or a new tenancy.
Property Size2,085 SF
Lot Size0.17 Acres
Price / SF$251.80
Days on Market7
Property Features for 120 Almond Ave
General Information
Standard status
Size
Lot size
Property subtype
Financials
Asking Price
Gross Rent Multiplier
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Buildings
Listing Agency:
LPT Realty, Inc
3662213
Listed By:
Ron Benning · License #CA 01058898
(916) 730-3846
Source:
Exprealty
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 5:04AM
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 LPT Realty, Inc
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Investment Insights
Based on property information with market context.
This duplex contains two residences totaling approximately 2,085 square feet on a 7,401-square-foot lot. The floor plans include a three-bedroom, two-bath unit and a two-bedroom, one-bath unit. Both were updated approximately 12–18 months ago. The smaller residence has a newer HVAC system and replacement carpeting; the larger unit has a newer water heater. Each unit has its own garage and laundry facilities. The rear garage may be considered for ADU conversion, subject to local approvals and buyer verification.
The three-bedroom residence is currently rented. The two-bedroom unit will be vacant at closing and was previously rented. The property is near Downtown Modesto, with shopping, restaurants, parks, and major transportation routes also noted nearby.
The three-bedroom residence is currently rented. The two-bedroom unit will be vacant at closing and was previously rented. The property is near Downtown Modesto, with shopping, restaurants, parks, and major transportation routes also noted nearby.
Key Highlights
- Two residences: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom
- Approximately 2,085 square feet of living area on a 7,401‑square‑foot lot
- A separate garage and laundry area serve each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,040
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,800
$620.8K
Cap Rate 7%
$443,429
$443.4K
Cap Rate 9%
$344,889
$344.9K
Market Conditions
NOI Build-Up for 2,085 SF
Gross rent
$46.3K $22.20/SF
− Vacancy
−$1.9K −$0.93/SF
EGI
$44.3K $21.27/SF
− OpEx
−$13.3K −$6.38/SF
NOI
$31.0K $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%
$620,800
Cap Rate 7%
$443,429
Cap Rate 9%
$344,889
Alternative Uses
Best Use
Multifamily LT 5
$443.4K
$388.0K – $517.3K
NOI $31,040 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$396.3K
$346.8K – $462.4K
NOI $27,742 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$700.6K
$613.0K – $817.3K
NOI $49,039 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,169
Businesses Nearby
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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
$360,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Modesto, CA
Properties on Market for Duplexes in Modesto
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased, while the second is vacant for occupancy or a new tenancy.
Where is this duplex located?
The property is located at 120 Almond Ave Modesto, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two residences: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom; Approximately 2,085 square feet of living area on a 7,401‑square‑foot lot; A separate garage and laundry area serve each unit
