Two-Unit Duplex with Private
For Sale
$500,000
1531 W Rumble Rd, Modesto, CA 95350
Two residential units offer two bedrooms, one bath, central air conditioning, and access to an off-site community pool.
Property Size2,096 SF
Price / SF$238.55
Days on Market47
Property Features for 1531 W Rumble Rd
General Information
Standard status
Active
Size
2,096 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
central A/C
brick fireplace
spacious backyard
off-site community pool
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Realty ONE Group Zoom
Listed By:
Garrett F Smith · License #01725468
(209) 342-7110
Source:
Thedelrealgroup
Added: Sep 7
Changed: Oct 4
Last Checked: Oct 7 at 4:30PM
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.
Built in 1965, this duplex contains two residential units, each configured with two bedrooms and one bathroom. Both units include central air conditioning and a brick fireplace. The property also features a backyard with mature shade trees and access to an off-site community pool.
Shopping, dining, schools, and major roadways are located nearby. An adjacent duplex is also available, creating the potential to acquire two neighboring duplexes with four total units in a single purchase.
Shopping, dining, schools, and major roadways are located nearby. An adjacent duplex is also available, creating the potential to acquire two neighboring duplexes with four total units in a single purchase.
Key Highlights
- Two‑unit duplex with two bedrooms and one bath per unit
- Central air conditioning 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
6.24%
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 6.24%
Second Best
Apartment 5plus
$398.4K
$348.6K – $464.8K
NOI $27,889 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$704.3K
$616.2K – $821.6K
NOI $49,298 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
668
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer two bedrooms, one bath, central air conditioning, and access to an off-site community pool.
Where is this duplex located?
The property is located at 1531 W Rumble Rd Modesto, CA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms and one bath per unit; Central air conditioning and a brick fireplace in each unit; Backyard with mature shade trees
