Two-Unit
For Sale
$535,000
1906 Rose Ave, Modesto, CA 95355
One residence is vacant and recently updated; the other has a month-to-month tenant.
Property Size1,440 SF
Lot Size0.14 Acres
Price / SF$371.53
Days on Market13
Property Features for 1906 Rose Ave
General Information
Standard status
Active
Size
1,440 SF
Lot size
0.14 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1969
Buildings
1
Listing Agency:
LPT Realty, Inc
Listed By:
Gladynston M Ruiz Perez
(209) 505-4142
Source:
Sacramentoareahouses
Added: Oct 12
Changed: Oct 21
Last Checked: Oct 23 at 7:13AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1-bath units with a combined 1,440 square feet of living space. The property was built in 1969, and the lot measures 6,000 square feet. One unit has new flooring and fresh interior paint and is ready for occupancy.
The second unit is occupied by a month-to-month tenant, providing current rental income while allowing for a flexible tenancy arrangement.
The second unit is occupied by a month-to-month tenant, providing current rental income while allowing for a flexible tenancy 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 - One residence is vacant and recently updated; the other has a month-to-month tenant.
Where is this duplex located?
The property is located at 1906 Rose Ave 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
