Duplex with Brick
For Sale
$440,000
430 Olive Ave, Modesto, CA 95350
The interior includes a kitchen with built-in cabinetry, an electric range, and an adjoining dining nook.
Property Size1,338 SF
Price / SF$328.85
Days on Market9
Property Features for 430 Olive Ave
General Information
Standard status
Active
Size
1,338 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Listing Agency:
PMZ Real Estate
5272010
Listed By:
Aaron C. West
4841651
Source:
Exprealty
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 4:35PM
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.
At 430 Olive Ave in Modesto, this 1,338-square-foot duplex has a brick entry, security storm door, and a front yard with lawn and greenery. Interior features include large windows, carpeting, ceiling fans, and a kitchen with built-in cabinets, an electric range, white appliances, and tile countertops. An adjoining dining nook, full bathroom, and bedroom are also part of the described layout.
Key Highlights
- 1,338‑square‑foot duplex at 430 Olive Ave in Modesto
- Brick entry and security storm door
- Kitchen with built‑in cabinetry, electric range, white appliances, and tile countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,919
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,380
$398.4K
Cap Rate 7%
$284,557
$284.6K
Cap Rate 9%
$221,322
$221.3K
Market Conditions
NOI Build-Up for 1,338 SF
Gross rent
$29.7K $22.20/SF
− Vacancy
−$1.2K −$0.93/SF
EGI
$28.5K $21.27/SF
− OpEx
−$8.5K −$6.38/SF
NOI
$19.9K $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%
$398,380
Cap Rate 7%
$284,557
Cap Rate 9%
$221,322
Alternative Uses
Best Use
Multifamily LT 5
$284.6K
$249.0K – $332.0K
NOI $19,919 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$254.3K
$222.5K – $296.7K
NOI $17,803 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$449.6K
$393.4K – $524.5K
NOI $31,470 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,439
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The interior includes a kitchen with built-in cabinetry, an electric range, and an adjoining dining nook.
Where is this duplex located?
The property is located at 430 Olive Ave Modesto, CA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 1,338‑square‑foot duplex at 430 Olive Ave in Modesto; Brick entry and security storm door; Kitchen with built‑in cabinetry, electric range, white appliances, and tile countertops
