Turnkey Detached Duplex with Separate
142 E Coolidge Avenue Modesto, CA 95350
142 E Coolidge Avenue, Modesto, CA, 95350
$684,999
For Sale
$684,999
Two fully detached, extensively rebuilt residences on one lot, each with 2 beds, 2 baths, and separate utility metering.
Property Size2,011 SF
Price / SF$340.63
Days on Market53
Property Features for 142 E Coolidge Avenue
General Information
- Standard status
- Active
- Size
- 2,011 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1935
Listing agency
Lifestyle Realty
(209) 404-8898
Listed by
Eric Rodriguez · License #01962337
(209) 404-8898
Source
Exitrealty
Added: May 30 Updated: Jul 21 at 12:19AM Checked: Jul 21 at 4:14AM
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 Lifestyle Realty
Investment Insights
Based on property information with market context.
This turnkey detached duplex offers two fully rebuilt residences on a single lot, designed with modern finishes and separate utility setups. Both homes feature 2 bedrooms and 2 full bathrooms, along with indoor laundry and walk-in closet(s). Interiors include luxury vinyl plank flooring, designer kitchens with quartz countertops, fully remodeled bathrooms with custom tile work, contemporary lighting, updated hardware, new interior doors, trim, and fresh paint. Major system improvements were completed from the studs, including raised ceiling heights, extensive structural upgrades, and entirely new electrical, plumbing, and HVAC/mechanical systems.
The site has been fully refreshed with new concrete flatwork, fresh landscaping, artificial turf, and custom horizontal redwood privacy fencing. The improved layout provides approximately 8 feet of separation between the homes for added privacy and usability. Separate electrical and gas meters support independent operation for each unit.
Each residence is complemented by new central heating and air conditioning, supporting efficient functionality. The configuration and condition provide flexibility for long-term rentals or other rental arrangements, including furnished mid-term opportunities and short-term use where permitted.
The site has been fully refreshed with new concrete flatwork, fresh landscaping, artificial turf, and custom horizontal redwood privacy fencing. The improved layout provides approximately 8 feet of separation between the homes for added privacy and usability. Separate electrical and gas meters support independent operation for each unit.
Each residence is complemented by new central heating and air conditioning, supporting efficient functionality. The configuration and condition provide flexibility for long-term rentals or other rental arrangements, including furnished mid-term opportunities and short-term use where permitted.
Key Highlights
- Two fully detached residences on one lot in Modesto, each rebuilt from the studs with extensive structural upgrades.
- Unit 142: approx. 956 SF with 2 bedrooms, 2 full bathrooms, indoor laundry, and a bright open‑concept layout.
- Unit 140: approx. 1,055 SF with 2 bedrooms, 2 full bathrooms, indoor laundry, and a bright open‑concept layout.
Local 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 | $44.6k | $22.20 |
| − Vacancy | −$1.9k | −$0.93 |
| EGI | $42.8k | $21.27 |
| − OpEx | −$12.8k | −$6.38 |
| NOI | $29.9k | $14.89 |
2,011 SF · lease $22.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$427.7K
$374.2K – $499.0K
NOI $29,938 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$382.3K
$334.5K – $446.0K
NOI $26,758 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$675.7K
$591.2K – $788.3K
NOI $47,299 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two fully detached, extensively rebuilt residences on one lot, each with 2 beds, 2 baths, and separate utility metering.
Where is this duplex located?
The property is located at 142 E Coolidge Avenue Modesto, CA.
What is the asking price?
The asking price for this property is $684,999.
What are key features of this property?
This property features: Two fully detached residences on one lot in Modesto, each rebuilt from the studs with extensive structural upgrades.; Unit 142: approx. 956 SF with 2 bedrooms, 2 full bathrooms, indoor laundry, and a bright open‑concept layout.; Unit 140: approx. 1,055 SF with 2 bedrooms, 2 full bathrooms, indoor laundry, and a bright open‑concept layout.
