Duplex Rental
1335 Tully Road, Modesto, CA 95350
For Sale
$519,999
Tenant-occupied duplex offering an established residential rental operation in Modesto.
Property Size1,717 SF
Price / SF$302.85
Days on Market51
Property Features for 1335 Tully Road
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Tenancy
Listing Agency:
Broker
(916) 835-7253
Listed By:
Inspired Real Estate Group Inc
(916) 622-5341
Source:
Inspiredrealestategroup
Added: Sep 20
Changed: Nov 8
Last Checked: Nov 8 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 Broker
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Investment Insights
Based on property information with market context.
This duplex rental property contains 1,717 square feet and was built in 1953. The asset is positioned for continued residential rental use, with tenants already in place and an established operating history described as income-producing.
Located at 1335 Tully Road in Modesto, California, the property is part of a rental market characterized in the source information by established neighborhoods and sustained demand. The asset is presented as available individually, providing a focused option for an investor seeking a duplex rather than a broader portfolio acquisition.
Located at 1335 Tully Road in Modesto, California, the property is part of a rental market characterized in the source information by established neighborhoods and sustained demand. The asset is presented as available individually, providing a focused option for an investor seeking a duplex rather than a broader portfolio acquisition.
Key Highlights
- 1,717‑square‑foot duplex
- Built in 1953
- Tenants already in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,562
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,240
$511.2K
Cap Rate 7%
$365,171
$365.2K
Cap Rate 9%
$284,022
$284.0K
Market Conditions
NOI Build-Up for 1,717 SF
Gross rent
$38.1K $22.20/SF
− Vacancy
−$1.6K −$0.93/SF
EGI
$36.5K $21.27/SF
− OpEx
−$11.0K −$6.38/SF
NOI
$25.6K $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%
$511,240
Cap Rate 7%
$365,171
Cap Rate 9%
$284,022
Alternative Uses
Best Use
Multifamily LT 5
$365.2K
$319.5K – $426.0K
NOI $25,562 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$326.4K
$285.6K – $380.8K
NOI $22,846 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$576.9K
$504.8K – $673.1K
NOI $40,384 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
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Business Placement
Demographics for 95350, CA
55,344
Population
20,327
Households
2.7
Avg Household Size
37
Median Age
20%
College-Educated
85%
High-School Grad
8.8 sq mi
ZIP Area
6,289
Density / Sq Mi
$73,611
Median Household Income
$43,428
Median Earnings
$1,483
Median Rent
$397,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Tenant-occupied duplex offering an established residential rental operation in Modesto.
Where is this duplex located?
The property is located at 1335 Tully Road Modesto, CA.
What is the asking price?
The asking price for this property is $519,999.
What are key features of this property?
This property features: 1,717‑square‑foot duplex; Built in 1953; Tenants already in place
