203 Jones Street, Modesto, CA 95354, Modesto, 95354 - 8 bed, 8 bath
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203 Jones Street
Modesto, CA 95354
ACTIVE
CONDITION: POOR
8Beds
8Baths
5,348Sq Ft
11,542Lot Size
Property Price
LIST PRICE$1,200,000
SUMMARY
Owner carry 6.25% 30 years payments $4,628.96 425K down 8 unit apartment building all one bedroom one bathroom you can build another apartment building up to four units approved by city. Fully occupied.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1920, this 104-year-old property shows significant signs of deferred maintenance and age. The kitchen features worn, dated cabinetry with missing base panels and exposed plumbing, while the bathroom contains outdated fixtures and visible wiring hazards. Although functional enough to be occupied, the units require a full interior rehab to address structural wear and modernize systems.
PROSSTRENGTHS & OPPORTUNITIES
- Seller Financing
The seller offers a 6.25% interest rate for 30 years, providing a competitive and stable financing alternative in a fluctuating interest rate environment.
- Development Potential
The property includes city approval to construct an additional four-unit building on the lot, offering significant value-add potential and increased density.
- Immediate Cash Flow
The 8-unit apartment building is currently fully occupied, ensuring immediate rental income and eliminating initial vacancy risk for the investor.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11542, other record lot size in square feet = 11325. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 2.
- High Entry Cost
The required $425,000 down payment represents a substantial upfront capital requirement, which may limit the pool of potential buyers.
- Vintage Construction
Built in 1920, the century-old structure likely requires higher ongoing maintenance and capital expenditures for systems and structural upkeep compared to modern buildings.
About 203 Jones Street
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1920
- Lot Size
- 11,542 Sq. Ft.
Interior
- Total Bedrooms
- 8
- Total Bathrooms
- 8 (8 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 |
|---|---|---|
| Beds | 8.0 | 3.7 |
| Baths | 8.0 | 2.2 |
| Square foot | 5,348 | 1,856.182 |
| Lot Size | 11,542 | 6,342.091 |
| Price | $1.20M | $526.8K |
| Price per sq ft | $224 | $279 |
| Built year | 1920 | 1967 |
| HOA | $0 | $0 |
| Days on market | 162 | 67 |
Pricing History
Listed for Sale
May 15, 2026
$1,200,000
Initial Listing
Sold
Nov 27, 2024
$1,074,000
Public Record