Duplex with Two-Level
New
For Sale
$445,000
432 College Avenue, Modesto, CA 95350
A 1938 duplex offers one bedroom and one bathroom on each level, with rear-alley parking.
Property Size2,170 SF
Price / SF$205.07
Days on Market2
Property Features for 432 College Avenue
General Information
Standard status
Active
Size
2,170 SF
Property subtype
Commercial
Zoning
Commercial/Religious
Additional Details
Public Transit
Yes
Building Details
Building Size
2,170 SF
Year Built
1938
Stories
2
Units
1
Listing Agency:
Century 21 Select Real Estate
5296111
Listed By:
Kari L Breaux · License #01860900
(209) 918-8876
Source:
Busybee
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 1:39AM
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 Century 21 Select Real Estate
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Investment Insights
Based on property information with market context.
This 2,170-square-foot duplex, built in 1938, has one bedroom and one bathroom on each level, along with a great-room layout. The configuration supports two apartments, and parking is available at the rear alley.
The property is across from Modesto Junior College East Campus and close to public transportation. Current zoning is Commercial/Religious.
The property is across from Modesto Junior College East Campus and close to public transportation. Current zoning is Commercial/Religious.
Key Highlights
- 2,170‑square‑foot duplex built in 1938
- One bedroom and one bathroom on each level
- Layout can accommodate two apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,305
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,100
$646.1K
Cap Rate 7%
$461,500
$461.5K
Cap Rate 9%
$358,944
$358.9K
Market Conditions
NOI Build-Up for 2,170 SF
Gross rent
$48.2K $22.20/SF
− Vacancy
−$2.0K −$0.93/SF
EGI
$46.2K $21.27/SF
− OpEx
−$13.8K −$6.38/SF
NOI
$32.3K $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%
$646,100
Cap Rate 7%
$461,500
Cap Rate 9%
$358,944
Alternative Uses
Best Use
Multifamily LT 5
$461.5K
$403.8K – $538.4K
NOI $32,305 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$412.5K
$360.9K – $481.2K
NOI $28,873 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$729.1K
$638.0K – $850.6K
NOI $51,038 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
943
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
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?
Duplex - A 1938 duplex offers one bedroom and one bathroom on each level, with rear-alley parking.
Where is this duplex located?
The property is located at 432 College Avenue Modesto, CA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 2,170‑square‑foot duplex built in 1938; One bedroom and one bathroom on each level; Layout can accommodate two apartments
