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
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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.
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Property Analytics
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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
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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?
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
