2-Unit Duplex with Spacious
For Sale
$500,000
1533 W Rumble Rd, Modesto, CA 95350
Each residence includes central A/C and a brick fireplace, with shared access to an off-site community pool.
Property Size2,096 SF
Price / SF$238.55
Days on Market48
Property Features for 1533 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
brick fireplace
central A/C
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 6
Changed: Oct 5
Last Checked: Oct 7 at 2:13PM
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 2,096-square-foot duplex contains two residences, each arranged with 2 bedrooms, 1 bathroom, central A/C, and a brick fireplace. The property also includes a spacious backyard with mature shade trees, offering outdoor space for relaxation or gatherings.
The duplex is located at 1533 W Rumble Rd in Modesto, California, near shopping, dining, schools, and major roadways. An adjacent duplex is also offered for sale, providing the option to acquire neighboring properties totaling four units.
The duplex is located at 1533 W Rumble Rd in Modesto, California, near shopping, dining, schools, and major roadways. An adjacent duplex is also offered for sale, providing the option to acquire neighboring properties totaling four units.
Key Highlights
- Two‑unit duplex with 2,096 square feet of building area
- Each unit includes 2 bedrooms, 1 bathroom, central A/C, and a brick fireplace
- Spacious backyard with big 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
726
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 - Each residence includes central A/C and a brick fireplace, with shared access to an off-site community pool.
Where is this duplex located?
The property is located at 1533 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 2,096 square feet of building area; Each unit includes 2 bedrooms, 1 bathroom, central A/C, and a brick fireplace; Spacious backyard with big shade trees
