Duplex Residential Income
1506 W Orangeburg Avenue, Modesto, CA 95350
For Sale
$519,999
Two-unit residential income property offered for sale in Modesto, California.
Property Size1,562 SF
Price / SF$332.91
Days on Market51
Property Features for 1506 W Orangeburg Avenue
General Information
Standard status
Size
Property subtype
Building Details
Year Built
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 6:16AM
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 residential income property contains 1,562 square feet and was built in 1954. The property is located at 1506 W Orangeburg Avenue in Modesto, California, within ZIP code 95350. Offered for sale, the asset provides a two-unit configuration for residential income use. Property information identifies the offering as part of the duplex category and provides the physical address, building size, and construction year for review.
Key Highlights
- 1,562‑square‑foot duplex
- Built in 1954
- Located at 1506 W Orangeburg Avenue, Modesto, CA 95350
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,254
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,080
$465.1K
Cap Rate 7%
$332,200
$332.2K
Cap Rate 9%
$258,378
$258.4K
Market Conditions
NOI Build-Up for 1,562 SF
Gross rent
$34.7K $22.20/SF
− Vacancy
−$1.5K −$0.93/SF
EGI
$33.2K $21.27/SF
− OpEx
−$10.0K −$6.38/SF
NOI
$23.3K $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%
$465,080
Cap Rate 7%
$332,200
Cap Rate 9%
$258,378
Alternative Uses
Best Use
Multifamily LT 5
$332.2K
$290.7K – $387.6K
NOI $23,254 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$296.9K
$259.8K – $346.4K
NOI $20,783 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$524.8K
$459.2K – $612.3K
NOI $36,738 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
728
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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
$397,100
Median Home Value
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Market
Average Price Trend$/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 - Two-unit residential income property offered for sale in Modesto, California.
Where is this duplex located?
The property is located at 1506 W Orangeburg Avenue 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: 1,562‑square‑foot duplex; Built in 1954; Located at 1506 W Orangeburg Avenue, Modesto, CA 95350
