Remodeled Ceres Duplex Investment
For Sale
$710,000
1651 Moffett Road #1653, Ceres, CA 95307
Six-bedroom, four-bath duplex with recent upgrades in prime location.
Property Size2,268 SF
Days on Market605
Property Features for 1651 Moffett Road #1653
General Information
Standard status
Active
Size
2,268 SF
Property subtype
Multi-Family
Amenities
Central
Dishwasher
Microwave
Disposal
Free Standing Electric Range
Cable Available, Sewer In & Connected, Composition
Building Details
Building Size
2,268 SF
Year Built
1979
Stories
1
Listing Agency:
Powerhouse Realty
Listed By:
Linda David · License #01846061
(209) 968-9238
Source:
Kw
Added: Feb 9, 2025
Changed: Sep 25
Last Checked: Oct 5 at 3:05PM
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 duplex presents a residential income opportunity in Ceres, California. The property features two units, each with three bedrooms and two bathrooms. Both units have been recently remodeled and include a spacious living room, kitchen, and backyard. Interior upgrades include quartz countertops, vinyl plank flooring, new carpet, new vanity, and new interior paint. Each unit also has its own washer and dryer hookups. A new AC/Heater has been installed. The roof was replaced within the last 10 years. The property is located near shopping, Highway 99, and schools. There are no HOA fees. The seller is offering a one-year home warranty. This six-bedroom, four-bath duplex is located in the heart of Ceres. Three other neighboring duplexes are also available for sale.
Key Highlights
- Duplex: Two 3‑bedroom, 2‑bathroom units for immediate rental income
- Recently Remodeled: New quartz countertops, vinyl plank flooring, carpet, vanities, and interior paint in both units
- New AC/Heater: Ensures energy efficiency and tenant comfort
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,686
Cap Rate
4.32%
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 4.32%
Second Best
Apartment 5plus
$404.5K
$353.9K – $471.9K
NOI $28,313 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$1.05M
$922.4K – $1.23M
NOI $73,790 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Six-bedroom, four-bath duplex with recent upgrades in prime location.
Where is this duplex located?
The property is located at 1651 Moffett Road #1653 Ceres, CA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Duplex: Two 3‑bedroom, 2‑bathroom units for immediate rental income; Recently Remodeled: New quartz countertops, vinyl plank flooring, carpet, vanities, and interior paint in both units; New AC/Heater: Ensures energy efficiency and tenant comfort
