Well-Maintained Duplex
412 Laurel Avenue Modesto, CA 95351
New
For Sale
$690,000
Two duplexes on an oversized lot with alley access, with recently replaced electrical panels and roof.
Property Size2,820 SF
Lot Size0.39 Acres
Price / SF$244.68
Days on Market5
Property Features for 412 Laurel Avenue
General Information
- Standard status
- Active
- Size
- 2,820 SF
- Lot size
- 0.39 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1946
Listing Agency:
PMZ Real Estate
(209) 548-4525
Listed By:
John E. Medeiros · License #00940418
(209) 548-4525
Source:
Exitrealty
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 25 at 6:00AM
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 PMZ Real Estate
Investment Insights
Based on property information with market context.
This property consists of two duplexes and is described as very well maintained. Recent capital improvements include replacement of the electrical panels and the roof. The lot is oversized at 16,800 square feet and provides alley access.
The seller notes easy access to Hwy 99 for tenant commuting, and advises checking with the city if additional units are desired.
As a residential income property, the configuration offers two duplex structures on one parcel with alley access and recent updates to major building systems.
The seller notes easy access to Hwy 99 for tenant commuting, and advises checking with the city if additional units are desired.
As a residential income property, the configuration offers two duplex structures on one parcel with alley access and recent updates to major building systems.
Key Highlights
- Two duplexes (Year built: 1946) on a 16,800 SF oversize lot
- Electrical panels and roof have recently been replaced
- Alley access provides additional site access options
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 | $62.6k | $22.20 |
| − Vacancy | −$2.6k | −$0.93 |
| EGI | $60.0k | $21.27 |
| − OpEx | −$18.0k | −$6.38 |
| NOI | $42.0k | $14.89 |
2,820 SF · lease $22.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$599.7K
$524.8K – $699.7K
NOI $41,982 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$536.0K
$469.0K – $625.4K
NOI $37,522 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$947.5K
$829.1K – $1.11M
NOI $66,326 @ 7.0% cap · market cap 9.61%
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 - Two duplexes on an oversized lot with alley access, with recently replaced electrical panels and roof.
Where is this duplex located?
The property is located at 412 Laurel Avenue Modesto, CA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Two duplexes (Year built: 1946) on a 16,800 SF oversize lot; Electrical panels and roof have recently been replaced; Alley access provides additional site access options
