Duplex with
For Sale
$505,000
Pending
426 Olive Ave, Modesto, CA 95350
A covered double carport, two-car garage, and additional paved parking serve the property.
Property Size1,841 SF
Lot Size0.13 Acres
Days on Market16
Property Features for 426 Olive Ave
General Information
Standard status
Pending
Size
1,841 SF
Lot size
0.13 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
landscaping
concrete walkways
covered entryways
carport
garage
Building Details
Year Built
1941
Buildings
1
Listing Agency:
PMZ Real Estate
Listed By:
Aaron C. West
4841651
Source:
Sacramentoareahouses
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 30 at 2:18PM
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
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Investment Insights
Based on property information with market context.
This 1941 duplex occupies a 5,750-square-foot lot and contains 1,841 square feet of building area. The described interior includes a living room, separate dining area, U-shaped kitchen, two bedrooms, and a full bathroom. Kitchen finishes include granite countertops, white cabinetry, tile backsplash, and laminate flooring.
Vehicle accommodation includes a covered double carport, a two-car garage, and additional paved parking. Concrete walkways connect the entry areas with the landscaped front grounds.
Vehicle accommodation includes a covered double carport, a two-car garage, and additional paved parking. Concrete walkways connect the entry areas with the landscaped front grounds.
Key Highlights
- 1,841‑square‑foot duplex on a 5,750‑square‑foot lot
- Built in 1941
- Covered double carport, two‑car garage, and additional paved parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,408
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,160
$548.2K
Cap Rate 7%
$391,543
$391.5K
Cap Rate 9%
$304,533
$304.5K
Market Conditions
NOI Build-Up for 1,841 SF
Gross rent
$40.9K $22.20/SF
− Vacancy
−$1.7K −$0.93/SF
EGI
$39.2K $21.27/SF
− OpEx
−$11.7K −$6.38/SF
NOI
$27.4K $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%
$548,160
Cap Rate 7%
$391,543
Cap Rate 9%
$304,533
Alternative Uses
Best Use
Multifamily LT 5
$391.5K
$342.6K – $456.8K
NOI $27,408 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$349.9K
$306.2K – $408.3K
NOI $24,496 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$618.6K
$541.3K – $721.7K
NOI $43,300 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,439
Businesses Nearby
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Business Placement
Demographics for 95350, CA
55,344
Population
20,327
Households
2.7
Avg Household Size
37
Median Age
20%
College-Educated
85%
High-School Grad
8.8 sq mi
ZIP Area
6,289
Density / Sq Mi
$73,611
Median Household Income
$43,428
Median Earnings
$1,483
Median Rent
$397,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A covered double carport, two-car garage, and additional paved parking serve the property.
Where is this duplex located?
The property is located at 426 Olive Ave Modesto, CA.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: 1,841‑square‑foot duplex on a 5,750‑square‑foot lot; Built in 1941; Covered double carport, two‑car garage, and additional paved parking
