Townhouse-Style Multifamily
556 Vermont Avenue Turlock, CA 95380
For Sale
$2,899,900
Turnkey 10-unit complex built in 2004 with in-unit laundry, A/C, and private 1-car garages.
Property Size11,600 SF
Lot Size0.73 Acres
Price / SF$249.99
Days on Market256
Property Features for 556 Vermont Avenue
General Information
- Standard status
- Active
- Size
- 11,600 SF
- Lot size
- 0.73 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 2004
Listing Agency:
JRP Realty Group
(209) 605-6500
Listed By:
Ramandeep Singh · License #01889002
(209) 605-6500
Source:
Exitrealty
Added: Nov 10, 2025
Changed: Jul 23
Last Checked: Jul 23 at 1:43PM
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 JRP Realty Group
Investment Insights
Based on property information with market context.
Built in 2004, this townhouse-style multifamily complex consists of 10 units, all configured as 2-bedroom, 1.5-bath residences. Each unit offers approximately 1,160 square feet and includes in-unit laundry, air conditioning, and a private 1-car garage. The property features a stucco exterior with tile roofs and is described as well maintained.
The complex is situated on a 31,957 square-foot lot in a quiet area surrounded by single-family homes, with access to Historic Downtown Turlock and nearby restaurants, shopping, and nightlife just minutes away.
On-site parking totals 26 spaces, including the attached garages. Presented as a turnkey investment, the property is offered for sale with stable income and rental demand cited in the public remarks.
The complex is situated on a 31,957 square-foot lot in a quiet area surrounded by single-family homes, with access to Historic Downtown Turlock and nearby restaurants, shopping, and nightlife just minutes away.
On-site parking totals 26 spaces, including the attached garages. Presented as a turnkey investment, the property is offered for sale with stable income and rental demand cited in the public remarks.
Key Highlights
- 10‑unit townhouse‑style apartment complex built in 2004
- All units are 2‑bedroom, 1.5‑bath with approximately 1,160 SF each
- Total living area of 11,600 SF on a 31,957 SF lot
Financial Insights For Apartment 5plus
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 | $270.0k | $23.28 |
| − Vacancy | −$6.8k | −$0.58 |
| EGI | $263.3k | $22.70 |
| − OpEx | −$118.5k | −$10.21 |
| NOI | $144.8k | $12.48 |
11,600 SF · lease $23.28/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.07M
$1.81M – $2.41M
NOI $144,813 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.39M
$4.72M – $6.29M
NOI $377,410 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Turnkey 10-unit complex built in 2004 with in-unit laundry, A/C, and private 1-car garages.
Where is this apartment building located?
The property is located at 556 Vermont Avenue Turlock, CA.
What is the asking price?
The asking price for this property is $2,899,900.
What are key features of this property?
This property features: 10‑unit townhouse‑style apartment complex built in 2004; All units are 2‑bedroom, 1.5‑bath with approximately 1,160 SF each; Total living area of 11,600 SF on a 31,957 SF lot
