16-Unit Apartment
720 18th Street, Modesto, CA 95354
For Sale
Contact for pricing
Three single-story buildings offer a mix of apartments and studios, with gated grounds, parking, and private yards.
Property Size6,680 SF
Lot Size0.48 Acres
Price / SF$291.92
Days on Market30
Property Features for 720 18th Street
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Asking Price
Utilities to Site
Tenant in Place
Amenities
gated perimeter
on-site parking
private yards
Building Details
Year Built
Buildings
Stories
Listing Agency:
CoSol Commercial Real Estate
Listed By:
Jacob Friedrich · License CA #02017662
(209) 481-5438
Source:
Crexi
Added: Oct 13
Changed: Nov 8
Last Checked: Nov 10 at 8:43AM
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 CoSol Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 16-unit apartment property comprises three single-story buildings built in 1930, totaling approximately 6,680 square feet on a 0.48-acre parcel. The mix includes twelve one-bedroom, one-bathroom apartments and four studios. A gated perimeter, on-site parking, and private yards are among the property features. One building has received exterior electrical panel upgrades. Gas and electricity for individual units are separately metered and tenant-paid; the owner covers water, sewer, trash, and common-area electricity.
All 16 units are occupied, with occupancy reported at 100%. Estimated annual net operating income is $133,401, and the estimated cap rate is 6.84%; the estimates account for projected property tax reassessment and a 10% income-loss allowance.
All 16 units are occupied, with occupancy reported at 100%. Estimated annual net operating income is $133,401, and the estimated cap rate is 6.84%; the estimates account for projected property tax reassessment and a 10% income-loss allowance.
Key Highlights
- 16 apartments: twelve one‑bedroom, one‑bathroom units and four studios
- Three single‑story buildings built in 1930, totaling approximately 6,680 square feet
- 0.48‑acre parcel with gated perimeter, on‑site parking, and private yards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,881
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,777,620
$1.8M
Cap Rate 7%
$1,269,729
$1.3M
Cap Rate 9%
$987,567
$987.6K
Market Conditions
NOI Build-Up for 6,680 SF
Gross rent
$168.3K $25.20/SF
− Vacancy
−$6.7K −$1.01/SF
EGI
$161.6K $24.19/SF
− OpEx
−$72.7K −$10.89/SF
NOI
$88.9K $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%
$1,777,620
Cap Rate 7%
$1,269,729
Cap Rate 9%
$987,567
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,881 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,114 @ 7.0% cap · market cap 8.06%
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
16
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,396
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
$360,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Stanislaus County, CA
Properties on Market for Apartment buildings in Stanislaus County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three single-story buildings offer a mix of apartments and studios, with gated grounds, parking, and private yards.
Where is this apartment building located?
The property is located at 720 18th Street Modesto, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 16 apartments: twelve one‑bedroom, one‑bathroom units and four studios; Three single‑story buildings built in 1930, totaling approximately 6,680 square feet; 0.48‑acre parcel with gated perimeter, on‑site parking, and private yards
