Duplex With Recent
For Sale
$725,000
1527 Moffett Rd, Ceres, CA 95307
Two-unit residential income property with refreshed interiors, new water heaters, and a recently coated roof.
Property Size2,268 SF
Days on Market43
Property Features for 1527 Moffett Rd
General Information
Standard status
Active
Size
2,268 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Property Condition
Severity
Repairs Needed
Evidence
FIXER!
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
2,268 SF
Year Built
1979
Listing Agency:
Christie's Intl RE Sereno
(925) 890-7443
Listed By:
Lisa Doyle · License #01149880
(925) 890-7443
Source:
Brucebaldwin
Added: Jul 21
Changed: Aug 31
Last Checked: Aug 2 at 10:10AM
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 Christie's Intl RE Sereno
Investment Insights
Based on property information with market context.
This two-unit duplex, built in 1979, offers six bedrooms and four baths across its residential configuration. The property is being offered as-is and includes several recent improvements: new interior and exterior paint, vinyl plank flooring throughout both units, and brand-new water heaters. The roof has also been pressure cleaned and received a new coating.
Located in Ceres, the property provides access to Highway 99 and is within walking distance of local schools, downtown shops, and restaurants. Its two-unit layout and documented upgrades create a straightforward residential income property profile, while the as-is offering leaves the purchaser to evaluate any remaining work.
Located in Ceres, the property provides access to Highway 99 and is within walking distance of local schools, downtown shops, and restaurants. Its two-unit layout and documented upgrades create a straightforward residential income property profile, while the as-is offering leaves the purchaser to evaluate any remaining work.
Key Highlights
- Duplex with 2 units, 6 bedrooms, and 4 baths
- Built in 1979
- New interior and exterior paint in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,686
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$613,720
$613.7K
Cap Rate 7%
$438,371
$438.4K
Cap Rate 9%
$340,956
$341.0K
Market Conditions
NOI Build-Up for 2,268 SF
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.
Gross rent
$44.9K $19.80/SF
− Vacancy
−$1.1K −$0.47/SF
EGI
$43.8K $19.33/SF
− OpEx
−$13.2K −$5.80/SF
NOI
$30.7K $13.53/SF
Area
Stanislaus County, CA
Vacancy
2.38%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$613,720
Cap Rate 7%
$438,371
Cap Rate 9%
$340,956
Alternative Uses
Best Use
Multifamily LT 5
$438.4K
$383.6K – $511.4K
NOI $30,686 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$404.5K
$353.9K – $471.9K
NOI $28,313 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$1.05M
$922.4K – $1.23M
NOI $73,790 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
Explore this area
Business Placement
Demographics for 95307, CA
46,346
Population
13,221
Households
3.5
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
32.8 sq mi
ZIP Area
1,413
Density / Sq Mi
$77,101
Median Household Income
$37,567
Median Earnings
$1,455
Median Rent
$402,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with refreshed interiors, new water heaters, and a recently coated roof.
Where is this duplex located?
The property is located at 1527 Moffett Rd Ceres, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Duplex with 2 units, 6 bedrooms, and 4 baths; Built in 1979; New interior and exterior paint in both units
