
Modesto, CA 95350
This duplex represents a High-Potential Investment Opportunity, listed at $519,999—positioned above the $448,823 Fair Market Value. While the list price exceeds the current valuation, the property functions as a stable, performing Residential Income asset with existing tenants. Featuring a Condition Rating of 4, the structure benefits from updated roof and HVAC systems, though interior cosmetic updates remain optional. This is a reliable, cash-flowing acquisition for Buy-and-Hold Investors or Portfolio Scalers seeking immediate rental income in a resilient Central Valley market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1502 W Orangeburg Ave Subject 4 bd · 2 ba · 1,560 sqft · $303 | $519,999* List Price | 4 | 2 | 1,560 | $303 | - |
A 1301 Oakwood Drive Sold 4 bd · 2 ba · 1,800 sqft · $261 · 0.2 mi | $470,000 | 4 | 2 | 1,800 | $261 | 0.2 mi |
B 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 |
C 1506 W Orangeburg Ave Active 4 bd · 2 ba · 1,560 sqft · $333 · 0.0 mi | $519,999 List Price | 4 | 2 | 1,560 | $333 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, the property is functional and currently occupied as a performing rental asset. Aerial views indicate the roof and roof-mounted HVAC systems have been updated, but the interior spaces—including the bathroom and bedrooms—are dated with older carpets and basic rental-grade finishes that will eventually require cosmetic updates.
As a performing asset with high occupancy and existing tenants, this duplex provides reliable, immediate rental income without the risks associated with value-add projects.
Part of the 'Bates Initiative' portfolio but available individually, this property offers a flexible entry point or scaling opportunity in the resilient Central Valley rental market.
Located in an established Modesto neighborhood with limited housing inventory, the property benefits from sustained rental demand and a growing population base.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Built in 1954, the property may require more frequent maintenance or capital expenditures for aging systems compared to newer residential income properties.
The assigned elementary and middle schools have low ratings (2/10 and 3/10), which could potentially limit the long-term appeal for family-oriented tenants.
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.
Grades K-6 • 0.5 mi
Grades 7-8 • 0.5 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.7 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,560 | 1,856.182 |
| Lot Size | 6,556 | 6,342.091 |
| Price | $520.0K | $526.8K |
| Price per sq ft | $333 | $279 |
| Built year | 1954 | 1967 |
| HOA | $0 | $0 |
| Days on market | 38 | 67 |
Sep 18, 2026
$519,999
Initial Listing
Apr 9, 2014
$160,000
Public Record