137 Downey Avenue, Modesto, CA 95354, Modesto, 95354 - 3 bed, 2 bath
137 Downey Avenue
Modesto, CA 95354
Property Price
SUMMARY
Analysis of 137 Downey Avenue, Modesto, CA 95354 reveals a property with a current list price of $450,000, which is 18% above the estimated $379,899 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Modesto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 137 Downey Avenue Subject | $450,000* List Price | 3 | 2 | 2,035 | $187 | - |
A 311 High Street Sold | $415,000 | 5 | 3 | 1,780 | $233 | 0.3 mi |
B Patricia Lane Sold | $495,000 List Price | 3 | 2 | 1,772 | 0.7 mi | |
C 618 Chabot Avenue Sold | $455,000 | 3 | 2 | 1,770 | $257 | 0.6 mi |
D 802 Ila Way Sold | $465,000 | 3 | 2 | 2,078 | $224 | 0.6 mi |
E 322 N Santa Ana Avenue Pending | $550,000 List Price | 3 | 3 | 1,964 | $280 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1910, this property is a well-maintained vintage home that remains functional and livable but is clearly outdated. The kitchen features older cabinetry and a mix of non-modern appliances, while the bathrooms and flooring show signs of significant age without recent professional renovation. While the structure appears sound and the home has undergone regular upkeep, it lacks the modern systems and contemporary finishes required for a higher rating, making it an ideal candidate for cosmetic and system updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Investment Potential
The property is zoned for up to four units and offers ADU potential over the existing garage, providing exceptional opportunities for rental income and equity growth.
- Prime Downtown Location
Situated in the heart of Modesto, the home offers superior walkability and convenient access to top-rated schools, shopping centers, and local dining.
- Generous Living Area
With 2,035 square feet of interior space, this home provides a substantial footprint that is rare for the area, allowing for flexible living arrangements or creative conversions.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1910, the property may require significant updates to its core systems, such as electrical, plumbing, and foundation, to meet modern standards.
- Conversion Capital Requirements
While the multi-unit potential is a major draw, the financial investment required to legally convert the structure and build an ADU could be substantial.
About 137 Downey Avenue
Welcome to 137 Downey Avenue in the heart of downtown Modesto, California - an exceptional property brimming with investment potential and versatile living options. This spacious home features three bedrooms, two bathrooms, and 2,035 square feet of living space. What truly sets this property apart is its remarkable opportunity for expansion and income generation. According to City of Modesto regulations, this property can accommodate up to four units, making it ideal for creative conversion. Imagine transforming one portion into your primary residence while renting out additional units to generate consistent rental income. The possibilities extend further with the potential to build an Accessory Dwelling Unit (ADU) on top of the existing garage, maximizing earning potential. The location couldn't be more convenient - situated in downtown Modesto, you'll enjoy easy access to top-rated schools, shopping centers, restaurants, and all urban amenities. Whether you're an investor seeking a lucrative opportunity, a homeowner looking for flexibility, or someone who wants to live in one unit while building equity through rentals, this property offers endless possibilities. Don't miss this chance to own a versatile property in a prime location. Call today and be home tomorrow!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1910
- Lot Size
- 6,800 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,035 | 1,313 | 86% |
| Lot Size | 6,800 | 6,865 | 50% |
| Price | $450.0K | $405.0K | 75% |
| Price per sq ft | $221 | $299 | 13% |
| Built year | 1910 | 1949 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 137 | 163 | 38% |
Pricing History
Listed for Sale
Oct 21, 2025
$450,000
Initial Listing
Sold
Apr 24, 2020
$250,000
Public Record
Sold
Jul 1, 2016
$270,000
Public Record
Sold
Mar 10, 2015
$155,000
Public Record