
Modesto, CA 95350
This duplex represents a Strong Value Opportunity, listed at $519,999—positioned above the $475,847 Fair Market Value. While priced at a premium, this Residential Income asset offers immediate stability as a proven, cash-flowing property with existing tenants. Featuring a Condition Rating of 4, the unit is fully functional and requires no immediate capital expenditure to maintain occupancy. This is a reliable, low-friction acquisition for Buy-and-Hold Investors or Portfolio Scalers seeking consistent rental demand in the resilient Modesto market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1335 Tully Rd Subject 4 bd · 2 ba · 1,718 sqft · $285 | $519,999* List Price | 4 | 2 | 1,718 | $285 | - |
A 1301 Oakwood Drive Sold 4 bd · 2 ba · 1,800 sqft · $261 · 0.0 mi | $470,000 | 4 | 2 | 1,800 | $261 | 0.0 mi |
B 1200 Carver Road Sold 4 bd · 3 ba · 2,045 sqft · $227 · 0.6 mi | $465,000 | 4 | 3 | 2,045 | $227 | 0.6 mi |
C 2206 Tully Road Sold 4 bd · 2 ba · 2,012 sqft · $286 · 0.8 mi | $575,000 | 4 | 2 | 2,012 | $286 | 0.8 mi |
D 1502 W Orangeburg Ave Active 4 bd · 2 ba · 1,560 sqft · $333 · 0.2 mi | $519,999 List Price | 4 | 2 | 1,560 | $333 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, the property is dated but fully functional and currently operating as an occupied, cash-flowing rental. The kitchen features older tile countertops, dated cabinetry, and aging appliances that will eventually need modernization, but it lacks visible structural defects that would classify it as poor or a tear-down.
The property is a proven, cash-flowing asset with tenants already in place, providing immediate rental income and high occupancy rates from day one.
Located in a strong Modesto neighborhood, the property benefits from the Central Valley's sustained rental demand and limited housing inventory.
Part of a curated portfolio but available individually, this duplex offers a strategic entry point or scaling opportunity in a stable residential income market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6900, other record lot size in square feet = 6534. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1718, other record living area = 880.
Built in 1953, the property may necessitate higher long-term maintenance costs or upgrades to aging systems compared to newer residential builds.
Marketed as a performing asset rather than a fixer-upper, there is less opportunity for forced appreciation through immediate renovations or repositioning.
A rare opportunity to acquire proven, cash flowing rental properties in the heart of Modesto, California. The Bates Initiative represents a curated collection of duplexes and triplexes positioned in strong, established neighborhoods throughout the city, each delivering consistent rental income with tenants already in place. These are not fixer-upper speculations or value-add gambles. These are performing assets in desirable Modesto locations, benefiting from the Central Valley's sustained rental demand and a tenant base that keeps them occupied and producing. With occupancy rates running near capacity across the portfolio, the income is real and the runway is long. Whether you are an investor looking to plant your first flag in the Central Valley or a seasoned operator ready to scale, the Bates Initiative offers flexibility. Individual properties are available for those looking to start or add strategically, and the full portfolio is available for acquisition by a single buyer looking to move meaningfully into one of California's most resilient rental markets. Modesto's fundamentals continue to support strong rental performance. Growing population, limited housing inventory, and consistent demand from working families make this market a dependable income engine for landlords who know what they are looking at. Opportunities like this, performing, nearly fully occupied, and available individually or as a whole, do not surface often. Inquire for property addresses, rent rolls, and financials.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.7 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,718 | 1,856.182 |
| Lot Size | 6,900 | 6,342.091 |
| Price | $520.0K | $526.8K |
| Price per sq ft | $303 | $279 |
| Built year | 1953 | 1967 |
| HOA | $0 | $0 |
| Days on market | 38 | 67 |
Sep 18, 2026
$519,999
Initial Listing
Jun 8, 2012
$112,500
Public Record
Apr 21, 2004
$280,000
Public Record