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Ready Multi-Family Development Project
For Sale
$799,000

Miller Ave, Modesto, CA 95354

Construction-ready 16-unit apartment development project in Modesto.

Property SizeContact for details
Lot Size0.80 Acres
Days on Market399

Property Features for Miller Ave

General Information

Standard status Active
Lot size 0.80 Acres
Property subtype Land or Vacant Lot

Amenities

Curb(s)
Listing Agency: MOKHA REAL ESTATE
Listed By: GURLEEN KHELLA · License #02165492
Source: Corcoran
Added: Aug 19, 2025 Changed: Sep 20 Last Checked: Sep 21 at 7:34AM

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 MOKHA REAL ESTATE

Investment Insights

Based on property information with market context.

This property is a construction-ready site with full plans for a new two-story, 16-unit multi-family apartment development located in Modesto. Each unit is thoughtfully designed and offers approximately 1,024 sq. ft. of living space, featuring two bedrooms, two and a half bathrooms, and a versatile exercise room that can be used as an office, additional bedroom, or home gym. The first floor of each unit includes a dining area, kitchen, living space, one bedroom, a full bathroom, and a half bathroom. The second floor contains the laundry room, a second bedroom and full bath, plus the exercise room with its own bathroom. The project incorporates two ADA-compliant units, 39 parking spaces, and a ground-floor office space. The total building area is approximately 16,660 sq. ft. The property is ideally situated near shopping centers, schools, retail, and essential services in a high-demand location with strong future potential, making it suitable for immediate construction.

Key Highlights

  • Construction‑ready site with full plans for a 16‑unit multi‑family apartment development.
  • High‑demand location in the heart of Modesto, near shopping, schools, and essential services.
  • Each unit is approximately 1,024 sq. ft. with 2 bedrooms, 2.5 bathrooms, and a versatile exercise/office/gym room.

Property Analytics

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Current Use

Apartment buildings

Location Intelligence

Trade Area within ½ mile

508
Businesses Nearby

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

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Construction-ready 16-unit apartment development project in Modesto.
Where is this apartment building located?
The property is located at Miller Ave Modesto, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Construction‑ready site with full plans for a 16‑unit multi‑family apartment development.; High‑demand location in the heart of Modesto, near shopping, schools, and essential services.; Each unit is approximately 1,024 sq. ft. with 2 bedrooms, 2.5 bathrooms, and a versatile exercise/office/gym room.
More about this property
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