Remodeled
For Sale
$599,000
412 S Conejo AVE, Modesto, CA 95354
Three remodeled units are currently rented with updated kitchens, bathrooms, flooring, and roof.
Property Size2,109 SF
Price / SF$284.02
Days on Market47
Property Features for 412 S Conejo AVE
General Information
Standard status
Active
Size
2,109 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Year Built
1954
Listing Agency:
Casa Robles R.E. Inc.
(209) 554-8081
Listed By:
Demetrio Robles · License #01230682
(209) 614-0476
Source:
Exitrealty
Added: Sep 1
Changed: Oct 10
Last Checked: Oct 16 at 7:19AM
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 Casa Robles R.E. Inc.
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Investment Insights
Based on property information with market context.
This 2,109-square-foot triplex contains three remodeled residential units, providing a compact multifamily configuration with current rental occupancy. Improvements include refreshed kitchens and bathrooms, new flooring, and roof updates across the property.
Located at 412 S Conejo Ave in Modesto, California, the property combines an established three-unit layout with completed renovation work and existing rental activity. The current configuration supports continued residential income use without relying on additional unit creation or expansion.
Located at 412 S Conejo Ave in Modesto, California, the property combines an established three-unit layout with completed renovation work and existing rental activity. The current configuration supports continued residential income use without relying on additional unit creation or expansion.
Key Highlights
- Three‑unit multifamily property with all units currently rented
- 2,109 SF triplex
- Remodeled kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,397
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,940
$627.9K
Cap Rate 7%
$448,529
$448.5K
Cap Rate 9%
$348,856
$348.9K
Market Conditions
NOI Build-Up for 2,109 SF
Gross rent
$46.8K $22.20/SF
− Vacancy
−$2.0K −$0.93/SF
EGI
$44.9K $21.27/SF
− OpEx
−$13.5K −$6.38/SF
NOI
$31.4K $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%
$627,940
Cap Rate 7%
$448,529
Cap Rate 9%
$348,856
Alternative Uses
Best Use
Multifamily LT 5
$448.5K
$392.5K – $523.3K
NOI $31,397 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$400.9K
$350.8K – $467.7K
NOI $28,062 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$708.6K
$620.1K – $826.7K
NOI $49,604 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 95354, CA
26,765
Population
9,797
Households
2.7
Avg Household Size
36
Median Age
17%
College-Educated
80%
High-School Grad
7.7 sq mi
ZIP Area
3,476
Density / Sq Mi
$65,643
Median Household Income
$42,126
Median Earnings
$1,463
Median Rent
$360,300
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
Frequently Asked Questions
What type of property is this?
Triplex - Three remodeled units are currently rented with updated kitchens, bathrooms, flooring, and roof.
Where is this triplex located?
The property is located at 412 S Conejo AVE Modesto, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three‑unit multifamily property with all units currently rented; 2,109 SF triplex; Remodeled kitchens and bathrooms
