Updated Two-Unit
For Sale
$749,000
1649 Moffett Rd, Ceres, CA 95307
Each residence offers three bedrooms, two bathrooms, in-unit laundry, and a private backyard.
Property Size2,268 SF
Price / SF$330.25
Days on Market21
Property Features for 1649 Moffett Rd
General Information
Standard status
Active
Size
2,268 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
washer/dryer inside
Building Details
Year Built
1979
Buildings
1
Listing Agency:
Powerhouse Realty
Listed By:
Linda David · License #01846061
(209) 968-9238
Source:
Homesofgreatersacramento
Added: Sep 25
Changed: Oct 11
Last Checked: Oct 14 at 11:18PM
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 Powerhouse Realty
Investment Insights
Based on property information with market context.
This 2,268-square-foot duplex, built in 1979, contains two residences with three bedrooms and two bathrooms apiece. Both units have living rooms, kitchens, in-unit washer and dryer, and backyard space. Improvements include fresh exterior paint, an updated roof and plumbing, and newer heating and air-conditioning equipment.
The property is in Ceres, near shopping, schools, and Highway 99. There are no HOA fees.
The property is in Ceres, near shopping, schools, and Highway 99. There are no HOA fees.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,268 square feet; built in 1979
- In‑unit washer and dryer in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,686
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
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
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 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 4.10%
Second Best
Apartment 5plus
$404.5K
$353.9K – $471.9K
NOI $28,313 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.05M
$922.4K – $1.23M
NOI $73,790 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
527
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 - Each residence offers three bedrooms, two bathrooms, in-unit laundry, and a private backyard.
Where is this duplex located?
The property is located at 1649 Moffett Rd Ceres, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,268 square feet; built in 1979; In‑unit washer and dryer in both residences
