Four-Unit Apartment
808 Sutter Avenue Modesto, CA 95351
808 Sutter Avenue, Modesto, CA, 95351
$750,000
For Sale
$750,000
Two-story multifamily built in 1967 with three 2-bedroom units and one 3-bedroom unit, plus on-site parking.
Property Size3,625 SF
Lot Size0.16 Acres
Price / SF$206.90
Days on Market70
Property Features for 808 Sutter Avenue
General Information
- Standard status
- Active
- Size
- 3,625 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1967
Listing agency
Cosol Commercial Real Estate
(209) 481-5438
Listed by
Jacob I. Friedrich · License #02017662
(209) 481-5438
Source
Exitrealty
Added: May 13 Updated: Jul 21 at 1:59AM Checked: Jul 21 at 4:05AM
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
Investment Insights
Based on property information with market context.
808 Sutter Avenue is a two-story four-unit apartment property built in 1967. The unit mix consists of three 2-bedroom/1-bath apartments and one 3-bedroom/1-bath apartment, designed for a straightforward rental configuration. The property includes on-site parking and sits on a 7,000 SF lot.
Located in the Sutter Glen neighborhood near downtown Modesto, the property offers convenient access to schools, shopping, employment centers, and major commuter routes.
This is a multifamily for sale opportunity featuring a consistent residential income profile and an on-site parking amenity for tenants.
Located in the Sutter Glen neighborhood near downtown Modesto, the property offers convenient access to schools, shopping, employment centers, and major commuter routes.
This is a multifamily for sale opportunity featuring a consistent residential income profile and an on-site parking amenity for tenants.
Key Highlights
- Built in 1967, this two‑story 4‑unit multifamily property offers approximately 3,625 SF on a 7,000 SF lot.
- Unit mix: three 2‑bedroom/1‑bath units and one 3‑bedroom/1‑bath unit.
- On‑site parking available.
Local Financial Insights For Multifamily LT 5
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 | $80.5k | $22.20 |
| − Vacancy | −$3.4k | −$0.93 |
| EGI | $77.1k | $21.27 |
| − OpEx | −$23.1k | −$6.38 |
| NOI | $54.0k | $14.89 |
3,625 SF · lease $22.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$771.0K
$674.6K – $899.5K
NOI $53,967 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$689.0K
$602.9K – $803.9K
NOI $48,233 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,260 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Two-story multifamily built in 1967 with three 2-bedroom units and one 3-bedroom unit, plus on-site parking.
Where is this quadplex located?
The property is located at 808 Sutter Avenue Modesto, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Built in 1967, this two‑story 4‑unit multifamily property offers approximately 3,625 SF on a 7,000 SF lot.; Unit mix: three 2‑bedroom/1‑bath units and one 3‑bedroom/1‑bath unit.; On‑site parking available.
