218 Drake Avenue, Modesto, CA 95350, Modesto, 95350 - 3 bed, 2 bath
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218 Drake Avenue
Modesto, CA 95350
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,240Sq Ft
5,175Lot Size
Property Price
LIST PRICE$450,000
EST. MARKET VALUE
$451,342
SUMMARY
This duplex presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $451,343 Fair Market Value by 0.3%. This valuation gap offers $1,343 in Instant Equity. Featuring a Condition Rating of 3, the property includes a newer roof, mini-split HVAC, and granite kitchen countertops. With both units currently occupied and offering private fenced patios, this turnkey Residential Income asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking immediate cash flow in a central, high-demand location.
Estimated Market Value
$451,342
Based on Realkey algorithm analyzing recent comparable sales in Modesto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 218 Drake Avenue Subject 3 bd · 2 ba · 1,240 sqft · $364 | $450,000* List Price | 3 | 2 | 1,240 | $364 | - |
A 715 E Roseburg Avenue Active 3 bd · 2 ba · 1,296 sqft · $367 · 0.5 mi | $475,000 List Price | 3 | 2 | 1,296 | $367 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1963, the property has undergone significant updates including a newer roof, mini-split HVAC systems, granite countertops, and laminate flooring. The kitchens and bathrooms are functional and refreshed, making the units move-in ready and well-maintained for their age.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Condition
The property features significant recent updates including a newer roof, fresh interior and exterior paint, granite countertops, and mini-split systems, minimizing immediate capital expenditure for an investor.
- Prime Rental Location
Situated within walking distance to McHenry Village, grocery stores, and public transit, this central location is highly desirable for tenants seeking convenience and accessibility.
- Immediate Cash Flow
Both units are currently occupied and come equipped with full appliance packages and private fenced patios, providing instant rental income and tenant stability upon acquisition.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5175, other record lot size in square feet = 4791. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1240, other record living area = 1320.
- Limited Unit Configuration
The small unit sizes (1/1 and 1-2/1) may limit the tenant pool to individuals or couples, potentially excluding larger families who might seek more bedrooms.
- Compact Lot Size
The 5,175 square foot lot is relatively small for a multi-unit property, which may restrict outdoor amenities or future expansion possibilities for the owner.
About 218 Drake Avenue
INVESTORS!! PRIME INVESTMENT OPPORTUNITY! Centrally located duplex within walking distance to McHenry Village, grocery stores, and transportation. The front unit is a 1 possible 2 bedroom, 1 bath. The second unit is a 1/1. Both units have been updated, featuring a newer roof, fresh interior and exterior paint, granite kitchen counter tops with tile backsplash, mini split units and laminate flooring. Each unit includes its own appliance package, including a stove, refrigerator, washer and dryer. Both units also feature private fenced patio areas with concrete pads providing a comfortable outdoor space for tenants. Many of the major upgrades have been done, offering investors an excellent opportunity to own a well maintained income property. Both units are currently occupied, with one tenant on a month to month agreement and the other tenant on a lease. Don't miss this opportunity to own a turnkey investment property!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1963
- Lot Size
- 5,175 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 |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,240 | 1,856.182 |
| Lot Size | 5,175 | 6,342.091 |
| Price | $450.0K | $526.8K |
| Price per sq ft | $363 | $279 |
| Built year | 1963 | 1967 |
| HOA | $0 | $0 |
| Days on market | 37 | 67 |
Pricing History
Listed for Sale
Sep 17, 2026
$450,000
Initial Listing
Sold
Oct 30, 2012
$92,000
Public Record
Sold
Apr 1, 2005
$249,000
Public Record
Sold
Sep 20, 2002
$157,000
Public Record