Two-Unit Duplex with Yard
New
For Sale
$449,998
824 Clementa Way, Modesto, CA 95351
Both residences are leased, with two- and three-bedroom layouts.
Property Size2,086 SF
Price / SF$215.72
Days on Market5
Property Features for 824 Clementa Way
General Information
Standard status
Active
Size
2,086 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
res
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
Yard Space
Building Details
Building Size
2,086 SF
Year Built
1967
Buildings
1
Stories
1
Units
2
Listing Agency:
Busy Bee Realty
7729863
Listed By:
Caprice Briski-Butzler
(209) 609-1974
Source:
Busybee
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:21PM
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 Busy Bee Realty
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Investment Insights
Based on property information with market context.
Built in 1967, this 2,086-square-foot duplex contains two residences: one with two bedrooms and one bathroom, and the other with three bedrooms and one bathroom. Both units are leased, and the property includes yard space.
The property is zoned residential (res).
The property is zoned residential (res).
Key Highlights
- Two‑unit property with 2‑bedroom/1‑bathroom and 3‑bedroom/1‑bathroom residences
- Both units are leased
- 2,086 square feet; built in 1967
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,055
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,100
$621.1K
Cap Rate 7%
$443,643
$443.6K
Cap Rate 9%
$345,056
$345.1K
Market Conditions
NOI Build-Up for 2,086 SF
Gross rent
$46.3K $22.20/SF
− Vacancy
−$1.9K −$0.93/SF
EGI
$44.4K $21.27/SF
− OpEx
−$13.3K −$6.38/SF
NOI
$31.1K $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%
$621,100
Cap Rate 7%
$443,643
Cap Rate 9%
$345,056
Alternative Uses
Best Use
Multifamily LT 5
$443.6K
$388.2K – $517.6K
NOI $31,055 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$396.5K
$346.9K – $462.6K
NOI $27,755 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$700.9K
$613.3K – $817.7K
NOI $49,063 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
204
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
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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?
Duplex - Both residences are leased, with two- and three-bedroom layouts.
Where is this duplex located?
The property is located at 824 Clementa Way Modesto, CA.
What is the asking price?
The asking price for this property is $449,998.
What are key features of this property?
This property features: Two‑unit property with 2‑bedroom/1‑bathroom and 3‑bedroom/1‑bathroom residences; Both units are leased; 2,086 square feet; built in 1967
