Duplex Rental
961 El Terino Avenue, Modesto, CA 95350
For Sale
$499,999
Two-unit residential income property with an established rental configuration in Modesto.
Property Size1,566 SF
Price / SF$319.28
Days on Market51
Property Features for 961 El Terino Avenue
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Buildings
Listing Agency:
Broker
(916) 835-7253
Listed By:
Inspired Real Estate Group Inc
(916) 622-5341
Source:
Inspiredrealestategroup
Added: Sep 20
Changed: Nov 8
Last Checked: Nov 8 at 6:27AM
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 Broker
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Investment Insights
Based on property information with market context.
This duplex rental property contains 1,566 square feet and was built in 1950. The asset is located at 961 El Terino Avenue in Modesto, California, within an established residential setting.
The property is offered as an individual residential income asset and forms part of a broader collection of duplex and triplex properties identified in the source information. Its two-unit configuration provides a straightforward format for residential rental ownership.
The property is offered as an individual residential income asset and forms part of a broader collection of duplex and triplex properties identified in the source information. Its two-unit configuration provides a straightforward format for residential rental ownership.
Key Highlights
- Duplex configuration
- 1,566 square feet
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,314
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,280
$466.3K
Cap Rate 7%
$333,057
$333.1K
Cap Rate 9%
$259,044
$259.0K
Market Conditions
NOI Build-Up for 1,566 SF
Gross rent
$34.8K $22.20/SF
− Vacancy
−$1.5K −$0.93/SF
EGI
$33.3K $21.27/SF
− OpEx
−$10.0K −$6.38/SF
NOI
$23.3K $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%
$466,280
Cap Rate 7%
$333,057
Cap Rate 9%
$259,044
Alternative Uses
Best Use
Multifamily LT 5
$333.1K
$291.4K – $388.6K
NOI $23,314 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$297.7K
$260.5K – $347.3K
NOI $20,837 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$526.2K
$460.4K – $613.9K
NOI $36,832 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
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Business Placement
Demographics for 95350, CA
55,344
Population
20,327
Households
2.7
Avg Household Size
37
Median Age
20%
College-Educated
85%
High-School Grad
8.8 sq mi
ZIP Area
6,289
Density / Sq Mi
$73,611
Median Household Income
$43,428
Median Earnings
$1,483
Median Rent
$397,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Modesto, CA
Properties on Market for Duplexes in Modesto
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with an established rental configuration in Modesto.
Where is this duplex located?
The property is located at 961 El Terino Avenue Modesto, CA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Duplex configuration; 1,566 square feet; Built in 1950
