Two-Unit Duplex with
For Sale
$475,000
Pending
1529 W Rumble Rd, Modesto, CA 95350
Each residence includes central A/C, a brick fireplace, and access to an off-site community pool.
Property Size2,096 SF
Days on Market58
Property Features for 1529 W Rumble Rd
General Information
Standard status
Pending
Size
2,096 SF
Property subtype
Multi-Family
Building Details
Year Built
1965
Listing Agency:
Realty ONE Group Zoom
Listed By:
Garrett F. Smith · License #01725468
(209) 342-7110
Source:
Sacramentoareahouses
Added: Aug 27
Changed: Oct 15
Last Checked: Oct 23 at 7:37AM
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 Realty ONE Group Zoom
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Investment Insights
Based on property information with market context.
This duplex includes two residential units, each configured with 2 bedrooms and 1 bathroom. Central A/C and a brick fireplace serve each residence, while the property also provides a backyard with mature shade trees and space for outdoor use. Residents have access to an off-site community pool. Built in 1965, the property is located at 1529 W Rumble Road in Modesto, California. Shopping, dining, schools, and major roadways are nearby. An adjacent duplex is also being offered, providing the potential to acquire neighboring properties totaling four units in one purchase.
Key Highlights
- Two 2‑bedroom, 1‑bath residential units
- Central A/C and a brick fireplace in each unit
- Backyard with mature shade trees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,204
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,080
$624.1K
Cap Rate 7%
$445,771
$445.8K
Cap Rate 9%
$346,711
$346.7K
Market Conditions
NOI Build-Up for 2,096 SF
Gross rent
$46.5K $22.20/SF
− Vacancy
−$2.0K −$0.93/SF
EGI
$44.6K $21.27/SF
− OpEx
−$13.4K −$6.38/SF
NOI
$31.2K $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%
$624,080
Cap Rate 7%
$445,771
Cap Rate 9%
$346,711
Alternative Uses
Best Use
Multifamily LT 5
$445.8K
$390.1K – $520.1K
NOI $31,204 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$398.4K
$348.6K – $464.8K
NOI $27,889 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$704.3K
$616.2K – $821.6K
NOI $49,298 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes central A/C, a brick fireplace, and access to an off-site community pool.
Where is this duplex located?
The property is located at 1529 W Rumble Rd Modesto, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath residential units; Central A/C and a brick fireplace in each unit; Backyard with mature shade trees
