Two-Unit
New
For Sale
$535,000
1904-1906 Rose Avenue, Modesto, CA 95355
Each residence has two bedrooms and one bathroom; one unit is occupied by a month-to-month tenant.
Property Size1,440 SF
Lot Size0.14 Acres
Price / SF$371.53
Days on Market4
Property Features for 1904-1906 Rose Avenue
General Information
Standard status
Active
Size
1,440 SF
Lot size
0.14 Acres
Property subtype
Residential Income
Zoning
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
Vinyl
1
2
Washer/Dryer Hookups
Other
2.0
0.0
0.1377
Assessor Auto-Fill
Carport
Slab
Building Details
Year Built
1969
Stories
1
Listing Agency:
LPT Realty, Inc
Listed By:
Martin M Ruiz Perez
(209) 505-4142
Source:
Carlilerealty
Added: Oct 30
Changed: Nov 2
Last Checked: Oct 31 at 3:08AM
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 LPT Realty, Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1969, this duplex contains two two-bedroom, one-bathroom residences with 1,440 square feet of combined living area on a 6,000-square-foot lot. The property is zoned Multi Family and includes a carport.
One residence has updated flooring and interior paint. The other is occupied under a month-to-month tenancy, providing current rental occupancy with a flexible lease arrangement.
One residence has updated flooring and interior paint. The other is occupied under a month-to-month tenancy, providing current rental occupancy with a flexible lease arrangement.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- 1,440 square feet of combined living space
- 6,000 square foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,438
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,760
$428.8K
Cap Rate 7%
$306,257
$306.3K
Cap Rate 9%
$238,200
$238.2K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$32.0K $22.20/SF
− Vacancy
−$1.3K −$0.93/SF
EGI
$30.6K $21.27/SF
− OpEx
−$9.2K −$6.38/SF
NOI
$21.4K $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%
$428,760
Cap Rate 7%
$306,257
Cap Rate 9%
$238,200
Alternative Uses
Best Use
Multifamily LT 5
$306.3K
$268.0K – $357.3K
NOI $21,438 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$273.7K
$239.5K – $319.3K
NOI $19,160 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$483.8K
$423.4K – $564.5K
NOI $33,869 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,519
Businesses Nearby
Explore this area
Business Placement
Demographics for 95355, CA
62,337
Population
22,136
Households
2.8
Avg Household Size
38
Median Age
24%
College-Educated
90%
High-School Grad
9.3 sq mi
ZIP Area
6,703
Density / Sq Mi
$83,460
Median Household Income
$46,482
Median Earnings
$1,719
Median Rent
$447,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and one bathroom; one unit is occupied by a month-to-month tenant.
Where is this duplex located?
The property is located at 1904-1906 Rose Avenue Modesto, CA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; 1,440 square feet of combined living space; 6,000 square foot lot
