Duplex Rental
For Sale
$559,999
3720 Bridgeford Lane, Modesto, CA 95356
Two-unit rental property built in 1973 with tenants already in place.
Property Size1,960 SF
Price / SF$285.71
Days on Market18
Property Features for 3720 Bridgeford Lane
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Multi-Family
Building Details
Year Built
1973
Listing Agency:
Trotter Properties
Listed By:
Inspired Real Estate Group Inc
(916) 622-5341
Source:
Inspiredrealestategroup
Added: Sep 20
Changed: Oct 6
Last Checked: Oct 5 at 6:24PM
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 Trotter Properties
Investment Insights
Based on property information with market context.
This 1,960-square-foot duplex was constructed in 1973 and is positioned as a rental property with tenants in place. The asset is located on Bridgeford Lane in Modesto, California.
The property is presented as part of a broader collection of duplexes and triplexes, with individual properties available for acquisition. Occupancy across the collection is described as near capacity, supporting an established rental operation rather than a vacant or redevelopment-focused offering.
The property is presented as part of a broader collection of duplexes and triplexes, with individual properties available for acquisition. Occupancy across the collection is described as near capacity, supporting an established rental operation rather than a vacant or redevelopment-focused offering.
Key Highlights
- 1,960 SF duplex
- Built in 1973
- Tenants already in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,179
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,580
$583.6K
Cap Rate 7%
$416,843
$416.8K
Cap Rate 9%
$324,211
$324.2K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$43.5K $22.20/SF
− Vacancy
−$1.8K −$0.93/SF
EGI
$41.7K $21.27/SF
− OpEx
−$12.5K −$6.38/SF
NOI
$29.2K $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%
$583,580
Cap Rate 7%
$416,843
Cap Rate 9%
$324,211
Alternative Uses
Best Use
Multifamily LT 5
$416.8K
$364.7K – $486.3K
NOI $29,179 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$372.6K
$326.0K – $434.7K
NOI $26,079 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$658.6K
$576.2K – $768.3K
NOI $46,099 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Explore this area
Business Placement
Demographics for 95356, CA
33,070
Population
11,802
Households
2.8
Avg Household Size
40
Median Age
29%
College-Educated
90%
High-School Grad
22.2 sq mi
ZIP Area
1,490
Density / Sq Mi
$95,376
Median Household Income
$52,867
Median Earnings
$1,794
Median Rent
$495,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Two-unit rental property built in 1973 with tenants already in place.
Where is this duplex located?
The property is located at 3720 Bridgeford Lane Modesto, CA.
What is the asking price?
The asking price for this property is $559,999.
What are key features of this property?
This property features: 1,960 SF duplex; Built in 1973; Tenants already in place
