Duplex with Updated
For Sale
$749,000
1657 Moffett Rd, Ceres, CA 95307
Two three-bedroom residences include private backyards and in-unit laundry.
Property Size2,268 SF
Price / SF$330.25
Days on Market8
Property Features for 1657 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
backyard
Building Details
Year Built
1979
Listing Agency:
Powerhouse Realty
Listed By:
Linda David · License #01846061
(209) 968-9238
Source:
Homesofgreatersacramento
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 6 at 2:44AM
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 three-bedroom, two-bathroom residences. Each unit has a living room, kitchen, backyard, and washer and dryer inside. Exterior paint has been refreshed, and the roof and plumbing have been updated; the property also has a newer AC/heater system.
The property is in Ceres, near shopping, schools, and Highway 99. It has no HOA fees.
The property is in Ceres, near shopping, schools, and Highway 99. It has no HOA fees.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,268 square feet; built in 1979
- Washer and dryer inside each unit
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.
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 - Two three-bedroom residences include private backyards and in-unit laundry.
Where is this duplex located?
The property is located at 1657 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; Washer and dryer inside each unit
