1301 Oakwood Drive, Modesto, CA 95350, Modesto, 95350 - 4 bed, 2 bath
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Modesto, CA 95350
This Strategic Residential Income Asset is listed at $465,000, positioned accurately at its $465,000 Fair Market Value. Currently holding a Condition Score of 4, the 1953 duplex retains its original charm with hardwood floors and functional layouts, while offering clear potential for forced appreciation through future interior modernization. With long-term tenants already in place on month-to-month leases, the property ensures immediate cash flow in a high-demand Modesto neighborhood. It represents a stable, low-risk entry point for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1301 Oakwood Drive Subject | $465,000* List Price | 4 | 2 | 1,800 | $258 | - |
A 1805 Pearl Street Sold | $535,000 | 6 | 4 | 2,100 | $255 | 0.7 mi |
B 820 Tully Road Pending | $525,000 List Price | 4 | 2 | 1,904 | $276 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, this duplex is well-maintained but remains largely in its original state. The kitchen features dated scalloped cabinetry and older tile countertops, while the heating system relies on original wall units. Although the hardwood floors appear to be in good condition and the property is functional for tenants, the lack of modern updates to the kitchens, bathrooms, and mechanical systems aligns with the 'fair' criteria.
This duplex offers excellent flexibility for a buyer to either function as a pure investment property or as a 'house-hack' where the owner lives in one unit while the other pays the mortgage.
The property comes with established, long-term tenants already in place on month-to-month leases, ensuring immediate rental income from day one with the flexibility to adjust to market rates.
Located in a prime area of Modesto, the property is well-positioned to maintain high occupancy rates and benefit from the stability of a sought-after residential neighborhood.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6656, other record lot size in square feet = 6534.
At 178 days on the market and following a price reduction, the property may carry a market stigma that requires a strategic approach to negotiations.
Built in 1953, the property likely features older mechanical and structural systems that may necessitate higher long-term maintenance reserves compared to modern builds.
Sweet Duplex in prime area of Modesto. Live in one and rent the other or continue to use as an investment property. Both units currently rented to long term tenants on month to month leases. The property is in good condition and ready for a new owner.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 5.5 | 33% |
| Baths | 2.0 | 3.0 | 50% |
| Square foot | 1,800 | 1,892 | 50% |
| Lot Size | 6,656 | 7,128.5 | 50% |
| Price | $465.0K | $537.5K | 17% |
| Price per sq ft | $258 | $265 | 50% |
| Built year | 1953 | 1973 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 184 | 161 | 67% |
Apr 16, 2026
$465,000
$480,000
-3% Price Drop
Initial Listing
Oct 20, 2025
$480,000
Initial Listing