Four-Unit Apartment
For Sale
$750,000
Pending
814 2nd Street, Modesto, CA 95351
Modesto multifamily asset with consistent occupancy, a vacant unit, and an additional room for owner storage.
Property Size2,800 SF
Days on Market136
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 814 2nd Street
General Information
Standard status
Pending
Size
2,800 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
1969
Listing Agency:
Redwood Real Estate
(209) 538-2180
Listed By:
Bradly V. Cardoso · License #02126716
(209) 569-3011
Source:
Exitrealty
Added: Jun 2
Changed: Oct 13
Last Checked: Oct 12 at 6:28PM
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
Investment Insights
Based on property information with market context.
This 2,800-square-foot quadplex in Modesto contains four residential units, each configured with 2 bedrooms and 1 bathroom. Three apartments are occupied by long-term tenants, while Unit #2 is vacant. An additional room provides storage space for the owner. Built in 1969, the property offers an established multifamily configuration with a mix of occupied and available space.
The property is located near shopping, dining, schools, and major highways in Modesto. Its four-unit layout supports separate residential accommodations within a single asset, with one unit available for leasing or owner occupancy.
The property is located near shopping, dining, schools, and major highways in Modesto. Its four-unit layout supports separate residential accommodations within a single asset, with one unit available for leasing or owner occupancy.
Key Highlights
- Four residential units, each with 2 bedrooms and 1 bathroom
- 2,800 SF quadplex built in 1969
- Three units occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,684
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,680
$833.7K
Cap Rate 7%
$595,486
$595.5K
Cap Rate 9%
$463,156
$463.2K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$62.2K $22.20/SF
− Vacancy
−$2.6K −$0.93/SF
EGI
$59.5K $21.27/SF
− OpEx
−$17.9K −$6.38/SF
NOI
$41.7K $14.89/SF
Area
Modesto, CA
Vacancy
4.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,680
Cap Rate 7%
$595,486
Cap Rate 9%
$463,156
Alternative Uses
Best Use
Multifamily LT 5
$595.5K
$521.1K – $694.7K
NOI $41,684 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$532.2K
$465.7K – $620.9K
NOI $37,256 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$940.8K
$823.2K – $1.10M
NOI $65,856 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,881
Businesses Nearby
Explore this area
Business Placement
Demographics for 95351, CA
48,668
Population
13,631
Households
3.6
Avg Household Size
32
Median Age
8%
College-Educated
63%
High-School Grad
8.9 sq mi
ZIP Area
5,468
Density / Sq Mi
$56,869
Median Household Income
$31,732
Median Earnings
$1,376
Median Rent
$315,700
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?
Quadplex - Modesto multifamily asset with consistent occupancy, a vacant unit, and an additional room for owner storage.
Where is this quadplex located?
The property is located at 814 2nd Street 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: Four residential units, each with 2 bedrooms and 1 bathroom; 2,800 SF quadplex built in 1969; Three units occupied by long‑term tenants
