9-Unit Multifamily
New
For Sale
$1,299,500
618 J Street, Modesto, CA 95354
Studio and one-bedroom residences are arranged across multiple structures on a corner lot.
Property Size2,910 SF
Price / SF$446.56
Days on Market6
Property Features for 618 J Street
General Information
Standard status
Active
Size
2,910 SF
Property subtype
Residential Income
Zoning
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
9
Building Details
Building Size
2,910 SF
Year Built
1939
Buildings
3
Stories
1
Units
9
Listing Agency:
Redwood Real Estate
5382180
Listed By:
Bradly V Cardoso · License #02126716
(209) 569-3011
Source:
Busybee
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:25PM
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 Redwood Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 618 J Street contains nine units across multiple structures, with studio and one-bedroom layouts. The buildings total 2,910 square feet and were built in 1939. Zoning is Multi-Family. Several residences have long-term tenants, and the property includes a mix of occupied and other units.
The site occupies a corner lot in Downtown Modesto, with access to Highway 99 and public transportation. Dining, shopping, and entertainment are also located within the downtown area.
The site occupies a corner lot in Downtown Modesto, with access to Highway 99 and public transportation. Dining, shopping, and entertainment are also located within the downtown area.
Key Highlights
- Nine units in multiple structures
- Studio and one‑bedroom layouts
- 2,910 square feet across the buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,719
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,380
$774.4K
Cap Rate 7%
$553,129
$553.1K
Cap Rate 9%
$430,211
$430.2K
Market Conditions
NOI Build-Up for 2,910 SF
Gross rent
$73.3K $25.20/SF
− Vacancy
−$2.9K −$1.01/SF
EGI
$70.4K $24.19/SF
− OpEx
−$31.7K −$10.89/SF
NOI
$38.7K $13.31/SF
Area
Modesto, CA
Vacancy
4.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,380
Cap Rate 7%
$553,129
Cap Rate 9%
$430,211
Alternative Uses
Best Use
Apartment 5plus
$553.1K
$484.0K – $645.3K
NOI $38,719 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$977.8K
$855.5K – $1.14M
NOI $68,443 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
9
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,691
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Studio and one-bedroom residences are arranged across multiple structures on a corner lot.
Where is this apartment building located?
The property is located at 618 J Street Modesto, CA.
What is the asking price?
The asking price for this property is $1,299,500.
What are key features of this property?
This property features: Nine units in multiple structures; Studio and one‑bedroom layouts; 2,910 square feet across the buildings
