Two-Home Residential Income
358 S 3rd Avenue Oakdale, CA 95361
New
For Sale
$650,000
Own two residences on one lot, including a 2-bedroom home and a 3-bedroom home with separate garages.
Property Size2,204 SF
Price / SF$294.92
Days on Market3
Property Features for 358 S 3rd Avenue
General Information
- Standard status
- Active
- Size
- 2,204 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2003
Listing Agency:
Barrios Realty Consultants
(209) 781-8117
Listed By:
Mark E. Hammond · License #01441003
(209) 781-8117
Source:
Exitrealty
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 23 at 3:14AM
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 Barrios Realty Consultants
Investment Insights
Based on property information with market context.
This for-sale residential income property features two homes on one lot. The first home at 358 S 3rd Avenue offers 2 bedrooms and 1 bathroom with a 1-car garage. The second home at 288 E I Street provides 3 bedrooms and 2.5 bathrooms along with a 2-car garage.
The property is located in Oakdale near schools and close to downtown shopping and dining. It also places you within a short drive to several lakes and the foothills, offering practical access to nearby recreation.
With two separate residences under one ownership, the setup is commonly considered for rental income, investment, or multi-unit living arrangements, depending on how the homes are occupied.
The property is located in Oakdale near schools and close to downtown shopping and dining. It also places you within a short drive to several lakes and the foothills, offering practical access to nearby recreation.
With two separate residences under one ownership, the setup is commonly considered for rental income, investment, or multi-unit living arrangements, depending on how the homes are occupied.
Key Highlights
- Own two residences on one lot in Oakdale, with separate homes: 358 S 3rd Avenue and 288 E I Street
- 358 S 3rd Avenue: 2‑bedroom, 1‑bath home with a 1‑car garage (Year built 2003)
- 288 E I Street: 3‑bedroom, 2.5‑bath home with a 2‑car garage (Year built 2003)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.6k | $19.80 |
| − Vacancy | −$1.0k | −$0.47 |
| EGI | $42.6k | $19.33 |
| − OpEx | −$12.8k | −$5.80 |
| NOI | $29.8k | $13.53 |
2,204 SF · lease $19.80/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$426.0K
$372.8K – $497.0K
NOI $29,820 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$393.1K
$343.9K – $458.6K
NOI $27,515 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$1.02M
$896.4K – $1.20M
NOI $71,708 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Own two residences on one lot, including a 2-bedroom home and a 3-bedroom home with separate garages.
Where is this duplex located?
The property is located at 358 S 3rd Avenue Oakdale, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Own two residences on one lot in Oakdale, with separate homes: 358 S 3rd Avenue and 288 E I Street; 358 S 3rd Avenue: 2‑bedroom, 1‑bath home with a 1‑car garage (Year built 2003); 288 E I Street: 3‑bedroom, 2.5‑bath home with a 2‑car garage (Year built 2003)
