Three-Unit Triplex with
For Sale
$635,000
2517 Liberty Court, Modesto, CA 95355
Each residence includes indoor laundry, a covered carport, and additional driveway parking.
Property Size3,200 SF
Price / SF$198.44
Days on Market39
Property Features for 2517 Liberty Court
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Multi Family
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Road Access
Yes
Amenities
indoor laundry
rear patio
yard
Building Details
Year Built
1972
Listing Agency:
Professional Realty Associates
(916) 442-1459
Listed By:
Connie Perry · License #01065518
(209) 573-1951
Source:
Exitrealty
Added: Aug 30
Changed: Sep 5
Last Checked: Sep 15 at 4:10AM
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 Professional Realty Associates
Investment Insights
Based on property information with market context.
Built in 1972, this 3,200-square-foot triplex contains three residences, each arranged with 2 bedrooms and 1 bathroom. Unit 1 offers a larger floor plan and its own yard, while Units 2 and 3 include low-maintenance rear patios. All three residences provide indoor laundry, a covered one-car carport, and additional driveway parking.
Unit 2 measures approximately 1,050 square feet and includes a living room, dining area, laminate flooring, carpeted areas, blinds, an electric range, dishwasher, microwave, and garbage disposal. The property occupies a quiet cul-de-sac corner at Floyd Avenue and Liberty Court in Modesto, California, with an established three-unit rental configuration.
Unit 2 measures approximately 1,050 square feet and includes a living room, dining area, laminate flooring, carpeted areas, blinds, an electric range, dishwasher, microwave, and garbage disposal. The property occupies a quiet cul-de-sac corner at Floyd Avenue and Liberty Court in Modesto, California, with an established three-unit rental configuration.
Key Highlights
- Three‑unit property with 2 bedrooms and 1 bathroom in each residence
- 3,200 square feet; built in 1972
- Covered one‑car carport and additional driveway parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,639
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,780
$952.8K
Cap Rate 7%
$680,557
$680.6K
Cap Rate 9%
$529,322
$529.3K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$71.0K $22.20/SF
− Vacancy
−$3.0K −$0.93/SF
EGI
$68.1K $21.27/SF
− OpEx
−$20.4K −$6.38/SF
NOI
$47.6K $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%
$952,780
Cap Rate 7%
$680,557
Cap Rate 9%
$529,322
Alternative Uses
Best Use
Multifamily LT 5
$680.6K
$595.5K – $794.0K
NOI $47,639 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$608.3K
$532.2K – $709.6K
NOI $42,578 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$1.08M
$940.8K – $1.25M
NOI $75,264 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
802
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
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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?
Triplex - Each residence includes indoor laundry, a covered carport, and additional driveway parking.
Where is this triplex located?
The property is located at 2517 Liberty Court Modesto, CA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Three‑unit property with 2 bedrooms and 1 bathroom in each residence; 3,200 square feet; built in 1972; Covered one‑car carport and additional driveway parking for each unit
